In 2023, Madagascar dominated the global vanilla bean export market with a 60.78% share, followed by France (6.22%) and Indonesia (5.68%). The past couple of years saw a noticeable rise in exports from Mauritius (9.42% YoY), Portugal (58.76%), and Tanzania (127.1%), indicating shifts in market dynamics. On the downside, Switzerland (-12.71%) and Singapore (-12.48%) registered declines in their exports. Over the past five years, India's CAGR of 10.08% showcases its growing role in the market.
• Future trends indicate potential growth for emerging exporters like Portugal and Tanzania, driven by favorable conditions and production gains.
• Madagascar's dominance might face challenges from investments in vanilla production in other regions. Close attention should be given to movements in emerging markets and their impact on traditional exporters' shares.
Top countries in Export of Vanilla Beans Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Madagascar | 60.78 | 2023 | +5.76% | +5.25% | View data |
| 2 | 2 France | 6.22 | 2023 | +5.1% | +3.97% | View data |
| 3 | 3 Indonesia | 5.68 | 2023 | +5.25% | +7.38% | View data |
| 4 | 4 Germany | 5.15 | 2023 | +4.68% | +5.73% | View data |
| 5 | 5 Canada | 4.36 | 2023 | +5.46% | +5.39% | View data |
| 6 | 6 Mauritius | 3.02 | 2023 | +5.17% | +9.42% | View data |
| 7 | 7 Netherlands | 1.66 | 2023 | +4.66% | +6.07% | View data |
| 8 | 8 United States | 1.44 | 2023 | +4.64% | +3.19% | View data |
| 9 | 9 India | 1.42 | 2023 | +4.87% | +10.08% | View data |
| 10 | 10 Poland | 0.93 | 2023 | +6.6% | +4% | View data |
