What is the price of vanilla per kilogram/pound in US today?
The retail price range for US vanilla is between US$ 154.38 and US$ 244.53 per kilogram or between US$ 70.01 and US$ 110.90 per pound(lb). Click here to see today's exact prices of vanilla in US
The retail price range in Euro for vanilla is between EUR 141.63 and EUR 224.34 per kilogram or between EUR 64.23 and EUR 101.74 per pound(lb) in Washington and New York.
Wholesale prices
In 2024, the approximate wholesale price range for US vanilla is between US$ 108.06 and US$ 171.17 per kilogram or between US$ 49.01 and US$ 77.63 per pound(lb).
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US Vanilla Export Prices - Historical, Trends and Prediction
The export price per kilogram of Vanilla from the US over the last five years has seen a steady increase. In 2017, the price was 34.78 US dollars per kilogram, and by 2021, it had risen to 36.64 US dollars per kilogram. The highest price was recorded in 2019, when it reached 42.88 US dollars per kilogram. However, the price dropped to 32.96 US dollars per kilogram in 2020, before rising again to 36.64 US dollars per kilogram in 2021. Based on this trend, it is predicted that the export price per kilogram of Vanilla from the US will be 37.70 US dollars in 2023 and 38.20 US dollars in 2024.The US vanilla exports are classified as:
- Vanilla, crushed or ground (HS code 090520)
- Vanilla (HS code 090500)
- Vanilla, neither crushed nor ground (HS code 090510)
US Vanilla Import Prices - Historical, Trends and Prediction
The import price per kilogram of Vanilla into the US over the last five years has been quite volatile. In 2017, the price was $34.78, followed by a slight decrease to $34.18 in 2018. However, in 2019, the price saw a significant increase to $42.88, before dropping back down to $32.96 in 2020. The price then rose again to $36.64 in 2021 and further to $37.70 in 2022. Based on this trend, it is likely that the import price per kilogram of Vanilla into the US will continue to increase in the next two years, with an estimated price of $39.72 in 2023 and $41.74 in 2024.Export values for US vanilla
The total values in export for vanilla in US were US$ 12,152, US$ 15,826, US$ 22,866 and US$ 24,827 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 US: Garlic, Pepper, Capsicum (Bell Pepper), Cinnamon, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of vanilla in other countries across North America: Canada vanilla, US vanilla, Anguilla vanilla, Antigua and Barbuda vanilla, Bermuda vanilla, Bonaire, Sint Eustatius and Saba vanilla, St.Pierre and Miquelon vanilla, United States Minor Outlying Islands vanilla, Cayman Islands vanilla & Greenland vanilla.
US vanilla - Production, Exports, Imports, Seasons and HS Codes
The quantity of vanilla exported by US in 2020 was 543 tonnes. In 2019 US shipped 579 tonnes of vanilla. In 2019 alone, the market for US vanilla (herbs and spices category) has gone down, changing by -13.453 pc compared to the year 2018. Between 2017 and 2019, vanilla's exports went up by 27.25% netting the country US$24.83m for the year 2019. US' vanilla exports are classified as:
- Vanilla, crushed or ground (HS code 090520)
- Vanilla (HS code 090500)
- Vanilla, neither crushed nor ground (HS code 090510)
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US vanilla export values
In 2019, US supplied vanilla worth 24.83m USD, an increment of 8.59% from 2018's total vanilla export of 22.866m USD. The yearly change in value of US vanilla between 2017 to 2018 was 44.484 pc.
The annual variation in the amount of US' vanilla exports between 2017 and 2019 was 27.25 pc when compared to a variation of -13.453% in the growth rate between 2018 and 2019.
US' share of the world's total vanilla's exports in 2019 was 7.1%. US is ranked position 3 in world exports of vanilla.
Export markets for US vanilla ( in '000$ )
US' top destinations for vanilla are Canada, France, Germany, Japan and Madagascar.
Import/Export Trends
US is a net exporter of vanilla. The annual growth of US vanilla in value between 2015 to 2019 was 3%, per annum, while annual growth in quantity through the same period was 4%, per annum.
US imported 1,393 tonnes of vanilla in 2019.
Buying US Vanilla at Retail Stores
Retailers of vanilla beans in the US normally sell either by the count or by the pound. If you prefer the count, there are two standard options, which include price per 10 beans or price per 25 beans. The per-count offer may work for those buying small quantities. However, this counting method is rather expensive compared to the per-pound offer, which is compact and often accompanied with a discount. 120 vanilla beans make 1 pound.
The lowest price range differs from one season to the next but as of May 2024, New York retailers like those selling on Amazon quote the price at around $71.99 - $90.99 per pound. This translates to between $158.4 to 200.99 per kg.
Vanilla is one of the most volatile fresh produce, whose prices can change rapidly depending on quantity and demand. Changes happening as far away as Madagascar have a far-reaching price effect in markets such as the US.
In the 2003-2004 period, for instance, the commodity shed price by -2400% from $500 to $20 per kg at the farm gate. Because Madagascar ranks as the biggest overseas source of vanilla for the US with imports worth $214 million (2022), a slight change here affects the retail prices in the US.
Vanilla Growing Regions in the US
A spice given to rapid price volatility, vanilla is synonymous with Madagascar. This is because Madagascar produces 80% of global vanilla supply, but it also comes from Indonesia, Uganda, Tahiti, Mexico and, yes, the US.
In the United States, vanilla beans grow in southern Florida, where the subtropical climate is similar to that of the Caribbean. Local cultivation is small-scale but it has been experiencing growth with growing markets such as the Netherlands.