Analysis

Madagascar vanilla exports expanded in European market in 2020

Vanilla
Madagascar
Published Mar 19, 2021
Vanilla exports from Madagascar became considerably diverse in 2020 which was mostly supported by German demand, escalated by 4087.75% shifting the United States position in world import market. The United States used to be the foremost sole market of Madagascar vanilla exports which caused a significant reduction in total export as the total imports form US are diminishing. However, Madagascar's export value appeared to rebound as the importers in Europe (Denmark, Switzerland and Germany) boosted their demand particularly in the first and fourth quarter of 2020.
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