What is the price of vanilla per kilogram/pound in Dominican Republic today?
The retail price range for Dominican Republic vanilla is between US$ 18.57 and US$ 31.61 per kilogram or between US$ 8.42 and US$ 14.34 per pound(lb). Click here to see today's exact prices of vanilla in Dominican Republic
The retail price range in Dominican peso for vanilla is between DOP 1,012.98 and DOP 1,724.66 per kilogram or between DOP 459.40 and DOP 782.16 per pound(lb) in Santo Domingo and Santiago de los Caballeros.
Wholesale prices
In 2024, the approximate wholesale price range for Dominican Republic vanilla is between US$ 13.00 and US$ 22.13 per kilogram or between US$ 5.89 and US$ 10.04 per pound(lb).
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Dominican Republic Vanilla Export Prices - Historical, Trends and Prediction
The export price of Vanilla from Dominican Republic over the last five years has been quite volatile. In 2016, the price per kilogram was 2.34 US dollars, which was the highest in the period. This was followed by a sharp decline in 2017 to 1.72 US dollars. The price then remained relatively stable until 2020, when it rose to 1.69 US dollars. In 2021, the price dropped slightly to 1.62 US dollars. Based on this data, it is predicted that the export price of Vanilla from Dominican Republic in 2023 will be around 1.60 US dollars per kilogram and in 2024 it will be around 1.65 US dollars per kilogram.Dominican Republic Vanilla Import Prices - Historical, Trends and Prediction
The import price per kilogram of Vanilla into Dominican Republic over the last five years has been relatively stable. In 2017, the price was $1.72, followed by $1.32 in 2018, $1.25 in 2019, $1.69 in 2020 and $1.62 in 2021. The highest price was recorded in 2013 at $4.20, while the lowest was in 2014 at $1.81. Based on this data, it is likely that the import price of Vanilla into Dominican Republic will remain relatively stable in the coming years. We can predict that the import price of Vanilla into Dominican Republic in 2023 will be around $1.62 and in 2024 will be around $1.69.Export values for Dominican Republic vanilla
The total values in export for vanilla in the Dominican Republic were US$ 469, US$ 645, US$ 541 and US$ 435 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Dominican Republic: Garlic, Pepper, Capsicum (Bell Pepper), Cinnamon, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of vanilla in other countries across Caribbean: Aruba vanilla, Bahamas vanilla, Barbados vanilla, Cuba vanilla, Dominican Republic vanilla, Grenada vanilla, Guadeloupe vanilla, Haiti vanilla, Jamaica vanilla & Martinique vanilla.
Dominican Republic vanilla - Production, Exports, Imports, Seasons and HS Codes
In 2019 The Dominican Republic sold 348 tonnes of vanilla. Across 2019 alone, the market for the Dominican Republic vanilla (herbs and spices category) has gone down, flactuating by -15.122 per cent compared to the year 2018. Between 2017 and 2019, vanilla's exports decreased by -6.95% earning the exporter US$0.44m for the year 2019. the Dominican Republic's vanilla exports are categorised as:
- Vanilla, crushed or ground (HS code 090520)
- Vanilla, neither crushed nor ground (HS code 090510)
- Vanilla (HS code 090500)
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Dominican Republic vanilla export values
In 2019, the Dominican Republic shipped vanilla valued at 0.44m USD, a drop of -18.67% from 2018's total vanilla export of 0.541m USD. The annual change in value of the Dominican Republic vanilla between 2017 to 2018 was -16.124 per cent.
The annual/yearly change in the volume of the Dominican Republic's vanilla exports between 2017 and 2019 was -6.95 pc when compared to a variation of -15.122% in the growth rate between 2018 and 2019.
the Dominican Republic's portion of the world's total vanilla's exports in 2019 was less than 1%. The country holds position 127 in world exports of vanilla.
Export markets for Dominican Republic vanilla ( in '000$ )
Import/Export Trends
the Dominican Republic is a net importer of vanilla. The annual growth of the Dominican Republic vanilla in value between 2015 to 2019 was 97%, per annum, while annual growth in quantity for the same period was 73%, per annum.
the Dominican Republic imported 1 tonnes of vanilla in 2019.