Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Uruguay: Vanilla Market 2024

Vanilla Market Size in Uruguay

The Uruguayan vanilla market surged to $X in 2022, growing by 63% 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). In general, consumption, however, recorded a mild downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Vanilla Exports

Exports from Uruguay

In 2022, the amount of vanilla exported from Uruguay expanded remarkably to X kg, with an increase of 5% against 2021 figures. In general, exports, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 13%. Over the period under review, the exports attained the maximum at X kg in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, vanilla exports amounted to $X in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2017 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 2.1% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for vanilla exports from Uruguay, accounting for a approx. 100% share of total exports.

From 2017 to 2022, the average annual growth rate of volume to the United States totaled -2.2%.

In value terms, the United States ($X) also remains the key foreign market for vanilla exports from Uruguay.

From 2017 to 2022, the average annual rate of growth in terms of value to the United States amounted to +2.0%.

Export Prices by Country

In 2022, the average vanilla export price amounted to $X per ton, reducing by -4.4% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +3.4%. The pace of growth was the most pronounced in 2019 an increase of 16% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2017 to 2022, the rate of growth in terms of prices for the United States amounted to +4.2% per year.

Vanilla Imports

Imports into Uruguay

In 2022, the amount of vanilla imported into Uruguay surged to X kg, rising by 29% compared with 2021. Over the period under review, imports recorded measured growth. The pace of growth was the most pronounced in 2018 when imports increased by 147% against the previous year. As a result, imports reached the peak of X kg. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, vanilla imports surged to $X in 2022. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 560%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Chile (X kg) constituted the largest supplier of vanilla to Uruguay, accounting for a 87% share of total imports. Moreover, vanilla imports from Chile exceeded the figures recorded by the second-largest supplier, Madagascar (X kg), more than tenfold. France (X kg) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from Chile amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (-6.7% per year) and France (0.0% per year).

In value terms, Madagascar ($X), Chile ($X) and Italy ($X) were the largest vanilla suppliers to Uruguay, together accounting for 71% of total imports.

Chile, with a CAGR of +54.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vanilla import price stood at $X per ton in 2022, rising by 6.4% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 548% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat 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 Germany ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+40.1%), 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 Uruguay?

In value terms, Madagascar constituted the largest supplier of vanilla to Uruguay, comprising 75% of total imports. The second position in the ranking was occupied by Spain, with a 13% share of total imports.

What are the leading importers of vanilla from Uruguay?

In value terms, the United States $355) and Switzerland $183) constituted the largest markets for vanilla exported from Uruguay worldwide.

What is the average export price for vanilla in Uruguay?

The average vanilla export price stood at $12,628 per ton in 2020, dropping by -10.3% against the previous year.

What is the average import price for vanilla in Uruguay?

The average vanilla import price stood at $348,624 per ton in 2020, increasing by 548% against the previous year.

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

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
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