U.S. - Vanilla - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingVanilla Price in the United States - 2023
Contents:
- Vanilla Price in the United States (CIF) - 2023
- Vanilla Price in the United States (FOB) - 2023
- Vanilla Imports in the United States
- Vanilla Exports in the United States
Vanilla Price in the United States (CIF) - 2023
In August 2023, the average vanilla import price amounted to $130K per ton, declining by -20% against the previous month. Over the period under review, the import price showed a noticeable slump. The most prominent rate of growth was recorded in January 2023 an increase of 22% month-to-month. The import price peaked at $210K per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Madagascar ($142K per ton), while the price for Uganda ($87,263 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+0.1%), while the prices for the other major suppliers experienced a decline.
Vanilla Price in the United States (FOB) - 2023
In August 2023, the average vanilla export price amounted to $29,298 per ton, with a decrease of -42.8% against the previous month. Overall, the export price saw a perceptible decrease. The growth pace was the most rapid in April 2023 when the average export price increased by 28% against the previous month. The export price peaked at $51,227 per ton in July 2023, and then reduced notably in the following month.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was France ($99,386 per ton), while the average price for exports to the UK ($15,010 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Vanilla Imports in the United States
For the fourth year in a row, the United States recorded growth in supplies from abroad of vanilla, which increased by 10% to 2K tons in 2022. The total import volume increased at an average annual rate of +12.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, vanilla imports rose notably to $344M in 2022. In general, imports, however, recorded a deep setback.
Import of Vanilla in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Madagascar | 421 | 294 | 255 | 281 | -12.6% |
Indonesia | 62.9 | 52.6 | 39.7 | 24.6 | -26.9% |
Uganda | 16.1 | 10.6 | 12.5 | 20.9 | 9.1% |
India | 15.8 | 8.6 | 4.0 | 4.8 | -32.8% |
Papua New Guinea | 7.1 | 4.6 | 4.7 | 4.1 | -16.7% |
Others | 2.6 | 4.8 | 8.1 | 8.7 | 49.6% |
Total | 526 | 375 | 324 | 344 | -13.2% |
Top Suppliers of Vanilla to the United States in 2022:
- Madagascar (1464.3 tons)
- Indonesia (208.9 tons)
- Uganda (174.2 tons)
- Papua New Guinea (39.8 tons)
- India (36.9 tons)
Vanilla Exports in the United States
For the third year in a row, the United States recorded decline in shipments abroad of vanilla, which decreased by -5.6% to 343 tons in 2022. Over the period under review, exports saw a abrupt decline.
In value terms, vanilla exports contracted to $13M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 94%. As a result, the exports reached the peak of $18M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Vanilla in the United States (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 299 | 66.1 | 973 | 2,511 | 103.3% |
Canada | 579 | 783 | 1,382 | 1,489 | 37.0% |
United Kingdom | 1,178 | 3,571 | 1,391 | 1,194 | 0.5% |
Japan | 1.7 | 195 | 755 | 930 | 717.9% |
France | 1,529 | 4,043 | 1,510 | 693 | -23.2% |
Switzerland | 2.1 | 57.3 | 109 | 369 | 460.1% |
Australia | 334 | 918 | 298 | 269 | -7.0% |
Germany | 211 | 463 | 619 | 198 | -2.1% |
Singapore | 8.8 | 31.3 | 36.4 | 26.4 | 44.2% |
Uganda | 345 | 30.7 | N/A | N/A | -91.1% |
Malaysia | 105 | 150 | 53.2 | N/A | -28.8% |
Madagascar | 1,206 | 308 | 215 | N/A | -57.8% |
Jamaica | 65.4 | 128 | 167 | N/A | 59.8% |
Others | 3,360 | 7,149 | 5,835 | 4,918 | 13.5% |
Total | 9,223 | 17,896 | 13,344 | 12,597 | 11.0% |
Top Export Markets for Vanilla from the United States in 2022:
- Canada (59.0 tons)
- Netherlands (25.8 tons)
- France (23.9 tons)
- Singapore (14.2 tons)
- Switzerland (13.1 tons)
- United Kingdom (12.9 tons)
- Australia (10.6 tons)
- Germany (9.9 tons)
- Japan (9.4 tons)
This report provides an in-depth analysis of the vanilla market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the vanilla market in the U.S..
This report provides an in-depth analysis of the global vanilla market.
This report provides an in-depth analysis of the vanilla market in the U.S..
This report provides an in-depth analysis of the global vanilla market.
In February 2023, the price of vanilla stood at $159 per kg (CIF US), an increase of 9.7% from the previous month.
The average import vanilla price per ton stood at $186,720 in Apr 2022, dropping by -9% against the previous month.
In 2016, the vanilla market dropped to X tons, caused by the reduction of global vanilla production due to harvest cuts in Madagascar and Indonesia. At the same time, demand for vanilla continues to grow against the backdrop of growing demand from
Global vanilla consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
In 2015, global consumption of vanilla amounted to X tons, standing approx. at the 2014 level. One year before there was a fall by X% caused by the reduction of vanilla production in Indonesia; from 2007 to 2013, va
The value of total imports on the global vanilla market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of vanilla reached X tons i
From 2007 to 2015, global exports of vanilla grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports on the global vanilla market reached X tons in 2015, which was X tons (or X%) more than the year before.
The global production of vanilla was estimated at X tons in 2015, an increase of X tons against the figure for 2013, and X tons (or X%) less than the peak production level recorded in 2011.
From 2007 to 2015, global vanilla market consumption decreased by -X% annually. The highest annual rates of growth in terms of vanilla consumption between 2007 and 2015 were registered in India, with a +X% growth, due to the increased number of va
Although widely considered a standard commodity, vanilla requires highly labor-intensive methods of cultivation that make it the second most expensive spice in the world, surpassed only by saffron.