Report Update Feb 1, 2025

Spain - Vanilla - Market Analysis, Forecast, Size, Trends and Insights

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Spain: Vanilla Market 2025

Vanilla Market Size in Spain

The Spanish vanilla market skyrocketed to $X in 2022, rising by 114% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed significant growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Vanilla Exports

Exports from Spain

Vanilla exports from Spain fell dramatically to X tons in 2022, waning by -42.2% compared with the previous year's figure. In general, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 382% against the previous year. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, vanilla exports shrank to $X in 2022. Overall, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 97% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

France (X tons), Cuba (X tons) and Belgium (X tons) were the main destinations of vanilla exports from Spain, with a combined 81% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +80.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Saudi Arabia ($X) and Portugal ($X) were the largest markets for vanilla exported from Spain worldwide, together comprising 72% of total exports.

Saudi Arabia, with a CAGR of +73.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vanilla export price amounted to $X per ton, growing by 57% against the previous year. Overall, the export price showed a notable expansion. The pace of growth was the most pronounced in 2014 an increase of 100% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+90.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into Spain

In 2022, the amount of vanilla imported into Spain surged to X tons, jumping by 36% on 2021 figures. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 182%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, vanilla imports fell dramatically to $X in 2022. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 98% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of vanilla to Spain, with a 89% share of total imports. It was followed by the United States (X tons), with a 2.7% share of total imports. Germany (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.3% per year) and Germany (-4.1% per year).

In value terms, France ($X) constituted the largest supplier of vanilla to Spain, comprising 68% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 13% share of total imports. It was followed by Germany, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+23.2% per year) and Germany (+2.9% per year).

Import Prices by Country

In 2022, the average vanilla import price amounted to $X per ton, falling by -45.8% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2016 an increase of 405% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vanilla in the world?

The country with the largest volume of vanilla consumption was Indonesia, comprising approx. 31% of total volume. Moreover, vanilla consumption in Indonesia exceeded the figures recorded by the second-largest consumer, the United States, twofold. Mexico ranked third in terms of total consumption with a 6.9% share.

What are the largest producers of vanilla in the world?

The countries with the highest volumes of vanilla production in 2020 were Indonesia, Madagascar and Mexico, together comprising 73% of global production. Papua New Guinea, China, Turkey and Uganda lagged somewhat behind, together comprising a further 21%.

What are the leading suppliers of vanilla to Spain?

In value terms, France constituted the largest supplier of vanilla to Spain, comprising 59% of total imports. The second position in the ranking was occupied by Germany, with an 8.8% share of total imports.

What are the leading importers of vanilla from Spain?

In value terms, France remains the key foreign market for vanilla exports from Spain, comprising 65% of total exports. The second position in the ranking was occupied by Belgium, with a 3.5% share of total exports. It was followed by Taiwan Chinese), with a 2.9% share.

What is the average export price for vanilla in Spain?

The average vanilla export price stood at $21,182 per ton in 2020, growing by 6.4% against the previous year.

What is the average import price for vanilla in Spain?

The average vanilla import price stood at $22,881 per ton in 2020, declining by -34.7% against the previous year.

This report provides an in-depth analysis of the vanilla market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 692 - Vanilla

Country coverage:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024