Uganda: Vanilla Market 2024

Vanilla Market Size in Uganda

The Ugandan vanilla market dropped to $X in 2022, shrinking by -10.7% against the previous year. Over the period under review, consumption, however, enjoyed a strong expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vanilla Production in Uganda

In value terms, vanilla production contracted significantly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2021 when the production volume increased by 43% against the previous year. Vanilla production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of vanilla in Uganda amounted to less than X kg per ha in 2022, almost unchanged from 2021. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the vanilla harvested area in Uganda totaled less than X ha, approximately equating the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Vanilla Exports

Exports from Uganda

Vanilla exports from Uganda shrank to X tons in 2022, with a decrease of -7.1% on the previous year's figure. In general, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2013 with an increase of 197%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, vanilla exports shrank rapidly to $X in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 414% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Canada (X tons) and France (X tons) were the main destinations of vanilla exports from Uganda, together accounting for 63% 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 Canada (with a CAGR of +46.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and France ($X) appeared to be the largest markets for vanilla exported from Uganda worldwide, with a combined 61% share of total exports.

Canada, with a CAGR of +90.3%, recorded the highest rates of growth with regard to the value of exports, among 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

The average vanilla export price stood at $X per ton in 2022, declining by -18.5% against the previous year. In general, the export price, however, continues to indicate significant growth. The growth pace was the most rapid in 2018 an increase of 75% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the UK ($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 Germany (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into Uganda

After four years of decline, overseas purchases of vanilla increased by 58% to X tons in 2022. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by 850%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vanilla imports dropped significantly to $X in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 26,200%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Democratic Republic of the Congo (X kg) constituted the largest supplier of vanilla to Uganda, accounting for a 69% share of total imports. Moreover, vanilla imports from Democratic Republic of the Congo exceeded the figures recorded by the second-largest supplier, South Africa (X kg), sevenfold. Kenya (X kg) ranked third in terms of total imports with a 5.4% share.

From 2016 to 2022, the average annual growth rate of volume from Democratic Republic of the Congo totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-10.5% per year) and Kenya (-27.9% per year).

In value terms, India ($X) constituted the largest supplier of vanilla to Uganda, comprising 54% of total imports. The second position in the ranking was taken by Mauritius ($X), with a 22% share of total imports. It was followed by Germany, with an 8.7% share.

From 2016 to 2022, the average annual growth rate of value from India amounted to +183.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mauritius (0.0% per year) and Germany (+52.4% per year).

Import Prices by Country

In 2022, the average vanilla import price amounted to $X per ton, falling by -77.8% against the previous year. Over the period under review, the import price, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 an increase of 2,668% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by India (+174.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform