What is the price of vanilla per kilogram/pound in Jamaica today?
The retail price range for Jamaica vanilla is between US$ 0.89 and US$ 19.67 per kilogram or between US$ 0.40 and US$ 8.92 per pound(lb). Click here to see today's exact prices of vanilla in Jamaica
The retail price range in Jamaican Dollar for vanilla is between JMD 137.96 and JMD 3,064.20 per kilogram or between JMD 62.57 and JMD 1,389.66 per pound(lb) in Kingston and Montego Bay.
Wholesale prices
In 2024, the approximate wholesale price range for Jamaica vanilla is between US$ 0.62 and US$ 13.77 per kilogram or between US$ 0.28 and US$ 6.25 per pound(lb).
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Jamaica Vanilla Export Prices - Historical, Trends and Prediction
The export price of Vanilla from Jamaica over the last five years has been quite varied. In 2017, the price per kilogram was 2.41 US dollars, followed by a decrease to 2.00 US dollars in 2018. In 2019, the price rose to 2.19 US dollars, and then increased further to 2.55 US dollars in 2020. The highest price was seen in 2021, at 4.00 US dollars per kilogram. Based on this data, it is likely that the export price of Vanilla from Jamaica will remain around the 4.00 US dollars mark in the next two years, with a slight decrease in 2023 to 3.90 US dollars and a slight increase in 2024 to 4.10 US dollars.The exports of vanilla from Jamaica are classified as:
- Vanilla, crushed or ground (HS code 090520)
- Vanilla (HS code 090500)
- Vanilla, neither crushed nor ground (HS code 090510)
Jamaica Vanilla Import Prices - Historical, Trends and Prediction
The import price per kilogram of Vanilla into Jamaica over the last five years has been quite varied. In 2017, the price was $2.41, followed by a decrease to $2.00 in 2018. In 2019, the price rose to $2.19, and then increased further to $2.55 in 2020. This year, 2021, the price has seen a significant jump to $4.00. This is the highest price in the last five years. Looking ahead, we can expect the price of Vanilla to remain around the $4.00 mark in 2022, and then to decrease slightly to $3.90 in 2023. In 2024, the price is likely to remain around the $3.90 mark.Export values for Jamaica vanilla
The total values in export for vanilla in Jamaica were US$ 18, US$ 53, US$ 40 and US$ 34 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 Jamaica: 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.
Jamaica vanilla - Production, Exports, Imports, Seasons and HS Codes
In 2019 Jamaica shipped 16 tonnes of vanilla. Through 2019 alone, the market for Jamaica vanilla (herbs and spices category) has decreased, flactuating by -20 % compared to the year 2018. Between 2017 and 2019, vanilla's exports reduced by -27.27% bringing the nation US$0.03m for the year 2019. Jamaica's vanilla exports are classified as:
- Vanilla, neither crushed nor ground (HS code 090510)
- Vanilla (HS code 090500)
- Vanilla, crushed or ground (HS code 090520)
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Jamaica vanilla export values
In 2019, Jamaica shipped vanilla with a value of 0.03m USD, a reduction of -25.00% from 2018's total vanilla export of 0.04m USD. The yearly change in value of Jamaica vanilla between 2017 to 2018 was -24.528%.
The annual/yearly change in the volume of Jamaica's vanilla exports between 2017 and 2019 was -27.27 per cent when compared to a variation of -20% in the growth rate between 2018 and 2019.
Jamaica's stake of the world's total vanilla's exports in 2019 was less than 1%. Jamaica is ranked number 86 in world exports of vanilla.
Export markets for Jamaica vanilla ( in '000$ )
Jamaica's leading export markets for vanilla are US, Canada, United Kingdom (UK), the Bahamas and Belize.
Import/Export Trends
Jamaica is a net importer of vanilla. The annual growth of Jamaica vanilla in value between 2015 to 2019 was 97%, per year, while annual growth in quantity for the same period was 95%, per annum.
Jamaica purchased 25 tonnes of vanilla in 2019.