What is the price of vanilla per kilogram/pound in Vietnam today?
The retail price range for Vietnam vanilla is between US$ 6.36 and US$ 17.13 per kilogram or between US$ 2.89 and US$ 7.77 per pound(lb). Click here to see today's exact prices of vanilla in Vietnam
The retail price range in Dong for vanilla is between VND 159,071.25 and VND 428,268.75 per kilogram or between VND 72,141.16 and VND 194,226.19 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam vanilla is between US$ 4.45 and US$ 11.99 per kilogram or between US$ 2.02 and US$ 5.44 per pound(lb).
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Vietnam Vanilla Export Prices - Historical, Trends and Prediction
The export price of Vanilla from Vietnam has seen a significant increase over the past five years. In 2016, the export price per kilogram was $300.00. This increased to $403.67 in 2017, and then to $767.00 in 2018. However, in 2019, the price dropped to $338.00. Based on this data, it is predicted that the export price of Vanilla from Vietnam will increase to $541.33 in 2023 and $724.67 in 2024.Vietnam Vanilla Import Prices - Historical, Trends and Prediction
The import price of Vanilla into Vietnam over the last five years has been quite volatile. In 2016, the price per kilogram was $300.00. This increased significantly in 2017 to $403.67. However, in 2018, the price skyrocketed to $767.00 before dropping back down to $338.00 in 2019. Based on this data, it is likely that the import price of Vanilla into Vietnam will remain relatively stable in the coming years. If this trend continues, we can predict that the import price of Vanilla into Vietnam in 2023 will be around $400.00 and in 2024 it will be around $450.00.Export values for Vietnam vanilla
The total values in export for vanilla in Vietnam were US$ 300, US$ 1,211, US$ 767 and US$ 338 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 Vietnam: 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.
Vietnam vanilla - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam shipped 1 tonnes of vanilla. Through 2019 alone, the market for Vietnam vanilla (herbs and spices category) has been steady, recording a change of 0 per cent compared to the year 2018. Between 2017 and 2019, vanilla's exports went down by -66.67 pc bringing the country US$0.34m for the year 2019. Vietnam's vanilla exports are classified as:
- Vanilla, neither crushed nor ground (HS code 090510)
- Vanilla, crushed or ground (HS code 090520)
- Vanilla (HS code 090500)
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Vietnam vanilla export values
In 2019, Vietnam sold vanilla with a value of 0.34m USD, a contraction of -55.67% from 2018's total vanilla export of 0.767m USD. The annual change in value of Vietnam vanilla between 2017 to 2018 was -36.664 percent.
The annual variation in the amount of Vietnam's vanilla exports between 2017 and 2019 was -66.67 percent when compared to a variation of 0% in the growth rate between 2018 and 2019.
Vietnam's stake of the world's total vanilla's exports in 2019 was 2.3 per cent. The country is ranked number 9 in world exports of vanilla.
Export markets for Vietnam vanilla ( in '000$ )
Import/Export Trends
Vietnam is a net importer of vanilla. The annual growth of Vietnam vanilla in value between 2015 to 2019 was 8%, per year, while annual growth in quantity through the same period was 10%, per annum.
Vietnam imported 0 tonnes of vanilla in 2019.