Vanilla market in Eastern Asia

Earlier Report Observations

The vanilla market in Eastern Asia contracted from 548 t in 2018 to 499 t in 2020, marking a significant reduction in volume. This was followed by a gradual expansion, with the market reaching 542 t by 2023.

The market's recovery accelerated in 2023, as a sustained domestic consumption rebound provided direct support for vanilla demand. This trend was reinforced by the entry of new consumption hotspots and a stable economic environment that encouraged consumer spending.

In 2024, vanilla imports surged to 136 t, reflecting strengthened demand. This increase aligned with policy incentives to stabilize and expand traditional consumption, improve market access, and foster a favorable business environment, all within a context of positive economic momentum.

Production vanilla in Eastern Asia

In kind, 2017-2020, t

Top producers of vanilla, 2017-2020

World map of production of vanilla, 2017-2020

In 2020, Eastern Asia produced 432.9 t of vanilla, marking a 2.2% increase compared to 2019. Over the 2017-2020 period, production grew by 4.1%, with a compound annual growth rate of 1.3%. The highest production level was recorded in 2018 at 459.2 t, which represented a 10.4% increase from the previous year. The largest decline occurred in 2019, when production fell by 7.8%.

Annual dynamics of production in Eastern Asia in kind, 2017-2020, t

Exports vanilla from Eastern Asia

Exports in kind, t

The market exhibited volatility throughout the observed period. Exports reached their lowest point in 2020 at 2.0 t, which was 12.1% lower than the previous year. The highest export volume was recorded in 2017, with a 6.4-fold difference between the peak and the 2020 low. The most significant decline occurred in 2018, when exports dropped by 82.5%, while the largest increase was seen in 2019 with a 2.4% rise.

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

From 2017 to 2020, Canada, the United States, and Singapore were the key export partners for vanilla from Eastern Asia, accounting for 68.5% of total export flows. Canada led with 32.5% of exports in kind, followed by the United States at 24.9%, and Singapore at 11.1%.

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

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

Exports in value, K $ US

Market performance showed noticeable fluctuations during this period. In 2020, the value of vanilla exports from Eastern Asia was recorded at 110 K $ US, representing a 67.2% decrease year-over-year. The highest export value was in 2017, with a 25-fold difference between this peak and the 2020 minimum. The most substantial decline occurred in 2018 with a 91.0% drop, while the largest increase was recorded in 2019 at 36.9%.

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

Between 2017 and 2020, Canada, the United States, and France were the leading buyers of vanilla from Eastern Asia in value terms, collectively accounting for 80.1% of total export value. Canada dominated with 49.5% of exports in value, followed by the United States at 25.9%, and France at 4.7%.

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

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

Imports vanilla to Eastern Asia

Imports in kind, t

Eastern Asia's vanilla import volume declined for the third consecutive year in 2020, reaching 68.0 t, which was 19.3% lower than the previous year. Over the 2017-2020 period, imports decreased by 33.5%, with a compound annual growth rate of -12.7%.

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

From 2017 to 2020, Madagascar was the primary source for vanilla imports to Eastern Asia, accounting for 82.2% of total import flows, while other markets contributed smaller shares.

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

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

Imports in value, K $ US

Vanilla imports to Eastern Asia declined for the second consecutive year in 2020, registering 21 670 K $ US, which was 39.0% lower compared to 2019. Over the 2017-2020 period, imports decreased by 48.4%, with a compound annual growth rate of -19.8%. The highest import value was recorded in 2018 at 44 712 K $ US, representing a 6.4% increase from the previous year.

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

Between 2017 and 2020, Madagascar effectively dominated vanilla imports to Eastern Asia in value terms, capturing 90.7% of total import flows.

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

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