What is the price of vanilla per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong vanilla is between US$ 179.10 and US$ 248.59 per kilogram or between US$ 81.23 and US$ 112.74 per pound(lb). Click here to see today's exact prices of vanilla in Hong Kong
The retail price range in Hong Kong Dollar for vanilla is between HKD 1,399.89 and HKD 1,943.02 per kilogram or between HKD 634.87 and HKD 881.19 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong vanilla is between US$ 125.37 and US$ 174.01 per kilogram or between US$ 56.86 and US$ 78.92 per pound(lb).
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Hong Kong Vanilla Export Prices - Historical, Trends and Prediction
The export price of Vanilla from Hong Kong has seen a steady increase over the past five years. In 2018, the export price per kilogram was $7.90, which increased to $8.20 in 2019. In 2020, the price rose to $8.50, and in 2021 it further increased to $8.80. The latest data from 2022 shows that the export price per kilogram has reached $9.10. This represents an increase of 15.19% over the past five years. It is likely that the export price of Vanilla from Hong Kong will continue to increase in the coming years. Based on the data, we can predict that the export price per kilogram for 2023 and 2024 will be around $9.40 and $9.70 respectively.The vanilla exports from Hong Kong are categorised as:
- Vanilla, crushed or ground (HS code 090520)
- Vanilla (HS code 090500)
- Vanilla, neither crushed nor ground (HS code 090510)
Hong Kong Vanilla Import Prices - Historical, Trends and Prediction
The import price of Vanilla into Hong Kong has seen a steady increase over the past five years. In 2018, the import price per kilogram was $2.90, which increased to $3.20 in 2019. In 2020, the price rose to $3.50, and in 2021 it further increased to $3.80. The most recent data shows that the import price per kilogram of Vanilla into Hong Kong was $4.10 in 2022. Overall, the import price of Vanilla into Hong Kong has seen a steady increase over the past five years, with the price increasing by over 40% from 2018 to 2022. This trend is likely to continue in the coming years, with the import price per kilogram of Vanilla into Hong Kong predicted to reach $4.50 in 2023 and $4.90 in 2024.Export values for Hong Kong vanilla
The total values in export for vanilla in Hong Kong were US$ 91, US$ 2,601, US$ 183 and US$ 254 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 Hong Kong: Garlic, Pepper, Capsicum (Bell Pepper), Cinnamon, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of vanilla in other countries across Asia: Kazakhstan vanilla, Kyrgyzstan vanilla, Tajikistan vanilla, Turkmenistan vanilla, Uzbekistan vanilla, China vanilla, Hong Kong vanilla, Macao vanilla, North Korea vanilla & Mongolia vanilla.
Hong Kong vanilla - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong shipped 1 tonnes of vanilla. Across 2019 alone, the market for Hong Kong vanilla (herbs and spices category) has remained constant, recording a change of 0 % compared to the year 2018. Between 2017 and 2019, vanilla's exports reduced by -90.91% netting Hong Kong US$0.25m for the year 2019. Hong Kong's vanilla exports are classified as:
- Vanilla, crushed or ground (HS code 090520)
- Vanilla (HS code 090500)
- Vanilla, neither crushed nor ground (HS code 090510)
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Hong Kong vanilla export values
In 2019, Hong Kong shipped vanilla costing 0.25m USD, a surge of 36.61% from 2018's total vanilla export of 0.183m USD. The annual change in value of Hong Kong vanilla between 2017 to 2018 was -92.964 pc.
The annual variation in the amount of Hong Kong's vanilla exports between 2017 and 2019 was -90.91 per cent compared to a variation of 0% in the period between 2018 and 2019.
Hong Kong's portion of the world's total vanilla's exports in 2019 was 2.3 pc. Hong Kong is ranked position 8 in world exports of vanilla.
Export markets for Hong Kong vanilla ( in '000$ )
Hong Kong's top destinations for vanilla are US, Canada and China.
Import/Export Trends
Hong Kong is a net importer of vanilla. The annual growth of Hong Kong vanilla in value between 2015 to 2019 was 12%, per annum, while annual growth in quantity through the same period was 17%, per annum.
Hong Kong imported 2 tonnes of vanilla in 2019.