What is the price of vanilla per kilogram/pound in Papua New Guinea today?
The retail price range for Papua New Guinea vanilla is between US$ 24.18 and US$ 33.85 per kilogram or between US$ 10.97 and US$ 15.35 per pound(lb). Click here to see today's exact prices of vanilla in Papua New Guinea
The retail price range in Kina for vanilla is between PGK 85.24 and PGK 119.33 per kilogram or between PGK 38.66 and PGK 54.12 per pound(lb) in Port Moresby and Lae.
Wholesale prices
In 2024, the approximate wholesale price range for Papua New Guinea vanilla is between US$ 16.93 and US$ 23.70 per kilogram or between US$ 7.68 and US$ 10.75 per pound(lb).
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Prices of other produce in the Herbs and Spices category in Papua New Guinea: Garlic, Pepper, Capsicum (Bell Pepper), Cinnamon, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of vanilla in other countries across Oceania: Fiji vanilla, French Polynesia vanilla, Guam vanilla, Micronesia vanilla, New Caledonia vanilla, Papua New Guinea vanilla, Samoa vanilla, Solomon Islands vanilla, Tonga vanilla & Vanuatu vanilla.
Papua New Guinea vanilla - Production, Exports, Imports, Seasons and HS Codes
In 2019 Papua New Guinea sold 280 tonnes of vanilla. For 2019 alone, the interest in Papua New Guinea vanilla (herbs and spices category) has increased, with a change of 17.647 % compared to the year 2018. Between 2017 and 2019, vanilla's exports went up by 20.69 pc netting the nation US$37.87m for the year 2019. Papua New Guinea's vanilla exports are categorised as:
- Vanilla (HS code 090500)
- Vanilla, neither crushed nor ground (HS code 090510)
- Vanilla, crushed or ground (HS code 090520)
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Papua New Guinea vanilla export values
In 2019, Papua New Guinea sold vanilla worth 37.87m USD, a reduction of -17.31% from 2018's total vanilla export of 45.8m USD. The annual reduction in value of Papua New Guinea vanilla between 2017 to 2018 was 52.962 pc.
The yearly variation in the volume of Papua New Guinea's vanilla exports between 2017 and 2019 was 20.69 pc compared to a variation of 17.647% in the period between 2018 and 2019.
Papua New Guinea's stake of the world's total vanilla's exports in 2019 was less than 1%. The country holds position 109 in world exports of vanilla.
Export markets for Papua New Guinea vanilla ( in '000$ )
Papua New Guinea's top destinations for vanilla are Indonesia, Australia, Canada, France and US.
Import/Export Trends
Papua New Guinea is a net importer of vanilla. The annual growth of Papua New Guinea vanilla in value between 2015 to 2019 was -65%, per annum, while annual growth in quantity for the same period was -71%, per annum.
Papua New Guinea brought in 1 tonnes of vanilla in 2019.
Production
The production of vanilla in Papua New Guinea was 1,485 tonnes in 2019 and is estimated to change by an average of 0.2%. The country had approximately 5,730.00 hectares under vanilla cultivation.