Report Update Nov 1, 2024

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

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Ukraine: Vanilla Market 2024

Vanilla Market Size in Ukraine

In 2022, the Ukrainian vanilla market decreased by -28.1% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Vanilla Exports

Exports from Ukraine

In 2022, overseas shipments of vanilla decreased by -50% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 25% against the previous year. The exports peaked at X kg in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, vanilla exports contracted rapidly to $X in 2022. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 7,043%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Greece (X kg), Estonia (X kg) and Seychelles (X kg) were the main destinations of vanilla exports from Ukraine. Moreover, vanilla exports in Greece exceeded the figures recorded by the second-largest exporter, Estonia, twofold.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +14.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X) emerged as the key foreign market for vanilla exports from Ukraine, comprising 93% of total exports. The second position in the ranking was held by Estonia ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece totaled +91.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-24.0% per year) and Seychelles (0.0% per year).

Export Prices by Country

The average vanilla export price stood at $X per ton in 2022, reducing by -80.6% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 5,614% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Greece ($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 Bulgaria (+885.9%), while the prices for the other major destinations experienced more modest paces of growth.

Vanilla Imports

Imports into Ukraine

In 2022, supplies from abroad of vanilla decreased by -22.7% to X kg, falling for the second consecutive year after two years of growth. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 282% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, vanilla imports contracted rapidly to $X in 2022. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2013 when imports increased by 68%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Tanzania (X kg), Madagascar (X kg) and Indonesia (X kg) were the main suppliers of vanilla imports to Ukraine, with a combined 83% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Tanzania (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, the largest vanilla suppliers to Ukraine were Madagascar ($X), France ($X) and Tanzania ($X), together accounting for 74% of total imports. Belgium, Indonesia and Australia lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, Australia, with a CAGR of +114.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vanilla import price amounted to $X per ton, waning by -26.6% against the previous year. Over the period under review, the import price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 an increase of 488% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+201.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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. The third position in this ranking was occupied by Mexico, 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 accounting for 73% of global production. These countries were followed by Papua New Guinea, China, Turkey and Uganda, which together accounted for a further 21%.

What are the leading suppliers of vanilla to Ukraine?

In value terms, France, Belgium and Indonesia appeared to be the largest vanilla suppliers to Ukraine, with a combined 58% share of total imports.

What is the average export price for vanilla in Ukraine?

In 2020, the average vanilla export price amounted to $200,000 per ton, rising by 5,614% against the previous year.

What is the average import price for vanilla in Ukraine?

In 2020, the average vanilla import price amounted to $43,642 per ton, falling by -15.7% against the previous year.

This report provides an in-depth analysis of the vanilla market in Ukraine. 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:

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023