Vanilla market in ASEAN

Earlier Report Observations

The ASEAN vanilla market volume experienced significant swings between 2018 and 2023. After starting at 1 818 t in 2018, consumption dropped sharply by over 30% to 1 270 t in 2019 and stabilized near 1 258 t in 2020. A strong recovery followed in 2021, with the market surging 46% to reach 1 833 t, close to the initial level.

The rebound proved temporary, as market volume fell again by 24% to 1 391 t in 2022 before edging up 3% to 1 435 t in 2023. Domestic production followed a similar volatile pattern, declining from 1 872 t in 2018 to a low of 1 412 t in 2020, then peaking at 1 957 t in 2021.

Production vanilla in ASEAN

In kind, 2017-2020, t

Top producers of vanilla, 2017-2020

World map of production of vanilla, 2017-2020

Vanilla production in ASEAN has declined for the third year in a row. In 2020, the region produced 1 412 tonnes of vanilla, marking a 3.4% decrease compared to the previous year. Looking at the period from 2017 to 2020, production fell by 29%, which translates to an average annual decline of 10.8%.

Annual dynamics of production in ASEAN in kind, 2017-2020, t

In value, 2017-2020, M $ US

ASEAN's vanilla production has decreased for the second consecutive year. In 2020, the output was valued at 170.2 million US dollars, down by 28.3% from 2019. Between 2017 and 2020, production dropped by 59.1%, with an average annual decline of 25.8%. The highest value was recorded in 2018 at 416.9 million US dollars, while the largest decline occurred in 2019 at 43.1%. The smallest increase was seen in 2018 at 0.2%.

Annual dynamics of production in ASEAN in value, 2017-2020, M $ US

Exports vanilla from ASEAN

Exports in kind, t

Vanilla exports from ASEAN have increased for the second year in a row. In 2020, the region exported 508.2 tonnes of vanilla, showing a strong year-over-year growth of 16.3%. From 2017 to 2020, exports rose by 15.1%, with an average annual increase of 4.8%. The lowest export volume was in 2018 at 345.0 tonnes, which also saw the largest decline of 21.9%. The biggest increase was recorded in 2019 at 26.7%.

Annual dynamics of product's exports from ASEAN in kind, 2017-2020, t

Between 2017 and 2020, the main markets for ASEAN's vanilla exports in volume terms were the United States, accounting for 41.9% of exports, Bangladesh at 6.6%, and India at 6.0%. Together, these three countries made up 54.6% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from ASEAN in kind, 2017-2020

Exports in value, K $ US

Vanilla exports from ASEAN have declined for the third consecutive year. In 2020, exports totaled 61 245 thousand US dollars, a decrease of 13.7% compared to the previous year. From 2017 to 2020, exports fell by 33.7%, with an average annual decline of 12.8%.

Annual dynamics of product's exports from ASEAN in value, 2017-2020, K $ US

From 2017 to 2020, the top buyers of vanilla from ASEAN in value terms were the United States, with 59.9% of exports, India at 14.2%, and Germany at 6.7%. Combined, these countries accounted for 80.8% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from ASEAN in value, 2017-2020

Imports vanilla to ASEAN

Imports in kind, t

ASEAN imported 354.3 tonnes of vanilla in 2020, up by 44.4% year-over-year. Over the period from 2017 to 2020, imports increased by 27%, with an average annual growth rate of 8.3%. The lowest import volume was in 2019 at 245.4 tonnes, which also experienced the largest decline of 15.6%.

Annual dynamics of product's imports to ASEAN in kind, 2017-2020, t

Between 2017 and 2020, the largest contributors to ASEAN's vanilla imports in volume terms were Papua New Guinea, with 39.4% of imports, the United States at 22.8%, and Australia at 4.1%. Together, these three countries accounted for 66.4% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to ASEAN in kind, 2017-2020

Imports in value, K $ US

The market showed an unstable trend during this period. In 2019, imports reached their lowest point at 6 631 thousand US dollars, with the largest decline of 52.8% that year. By 2020, imports peaked at 22 885 thousand US dollars, a sharp increase of 245.1% compared to 2019, resulting in a 3.5-fold variation between the minimum and maximum values.

Annual dynamics of product's imports to ASEAN in value, 2017-2020, K $ US

Throughout 2017 to 2020, Papua New Guinea dominated ASEAN's vanilla imports in value terms, holding 75.6% of the total. The remaining volume was distributed among many other countries, each with smaller individual shares.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to ASEAN in value, 2017-2020