What is the price of vanilla per kilogram/pound in Singapore today?
The retail price range for Singapore vanilla is between US$ 33.97 and US$ 77.65 per kilogram or between US$ 15.40 and US$ 35.22 per pound(lb). Click here to see today's exact prices of vanilla in Singapore
The retail price range in Singapore Dollar for vanilla is between SGD 45.68 and SGD 104.42 per kilogram or between SGD 20.72 and SGD 47.36 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore vanilla is between US$ 23.78 and US$ 54.36 per kilogram or between US$ 10.78 and US$ 24.65 per pound(lb).
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Singapore Vanilla Export Prices - Historical, Trends and Prediction
The export price per kilogram of Vanilla from Singapore over the last five years has been quite volatile. In 2016, the price was 69.46 US dollars per kg, followed by a sharp increase to 70.43 US dollars per kg in 2017. However, the price dropped significantly in 2018 to 25.86 US dollars per kg. In 2019, the price rose again to 165.00 US dollars per kg, before dropping to 27.25 US dollars per kg in 2020. The price then increased to 37.40 US dollars per kg in 2021. Based on this trend, it is likely that the export price per kilogram of Vanilla from Singapore in 2023 will be around 50.00 US dollars per kg, and in 2024 around 60.00 US dollars per kg.The exports of vanilla from Singapore are classified as:
- Vanilla (HS code 090500)
- Vanilla, crushed or ground (HS code 090520)
- Vanilla, neither crushed nor ground (HS code 090510)
Singapore Vanilla Import Prices - Historical, Trends and Prediction
The import price of Vanilla into Singapore over the last five years has been quite volatile. In 2016, the price per kilogram was 69.46 US dollars, which was the highest in the last five years. This was followed by a sharp drop in 2017 to 70.43 US dollars. In 2018, the price dropped further to 25.86 US dollars, the lowest in the last five years. In 2019, the price rose to 165.00 US dollars, the highest in the last five years. In 2020, the price dropped again to 27.25 US dollars and in 2021, the price rose to 37.40 US dollars. Based on the current trend, it is expected that the import price of Vanilla into Singapore in 2023 will be around 50.00 US dollars and in 2024, the price will be around 60.00 US dollars.Export values for Singapore vanilla
The total values in export for vanilla in Singapore were US$ 1,806, US$ 493, US$ 750 and US$ 165 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 Singapore: 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.
Singapore vanilla - Production, Exports, Imports, Seasons and HS Codes
The amount of vanilla exported by Singapore in 2020 was 4 tonnes. In 2019 Singapore sold 1 tonnes of vanilla. Through 2019 alone, the demand for Singapore vanilla (herbs and spices category) has gone down, flactuating by -96.552 per cent compared to the year 2018. Between 2017 and 2019, vanilla's exports decreased by -85.71% netting the exporter US$0.16m for the year 2019. Singapore's vanilla exports are classified as:
- Vanilla, crushed or ground (HS code 090520)
- Vanilla, neither crushed nor ground (HS code 090510)
- Vanilla (HS code 090500)
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Singapore vanilla export values
In 2019, Singapore exported vanilla with a value of 0.16m USD, a decrease of -78.67% from 2018's total vanilla export of 0.75m USD. The annual change in value of Singapore vanilla between 2017 to 2018 was 52.13 percent.
The yearly variation in the quantity of Singapore's vanilla exports between 2017 and 2019 was -85.71 percent compared to a variation of -96.552% in the period between 2018 and 2019.
Singapore's share of the world's total vanilla's exports in 2019 was less than 1%. The country holds number 62 in world exports of vanilla.
Export markets for Singapore vanilla ( in '000$ )
Singapore's top destinations for vanilla are Mauritius, Germany, France, New Zealand and US.
Import/Export Trends
Singapore is a net importer of vanilla. The annual growth of Singapore vanilla in value between 2015 to 2019 was -6%, per year, while annual growth in quantity for the same period was %, per annum.
Singapore bought 46 tonnes of vanilla in 2019.