What is the price of vanilla per kilogram/pound in Canada today?
The retail price range for Canada vanilla is between US$ 7.92 and US$ 16.82 per kilogram or between US$ 3.59 and US$ 7.63 per pound(lb). Click here to see today's exact prices of vanilla in Canada
The retail price range in Canadian Dollar for vanilla is between CAD 10.68 and CAD 22.70 per kilogram or between CAD 4.85 and CAD 10.30 per pound(lb) in Ottawa and Montréal.
Wholesale prices
In 2024, the approximate wholesale price range for Canada vanilla is between US$ 5.54 and US$ 11.77 per kilogram or between US$ 2.51 and US$ 5.34 per pound(lb).
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Canada Vanilla Export Prices - Historical, Trends and Prediction
The export price per kilogram of Vanilla from Canada over the last five years has seen a significant increase. In 2017, the price was 178.23 US dollars per kilogram, and by 2021, it had risen to an all-time high of 405.58 US dollars per kilogram. However, in the last year, the price has dropped to 249.41 US dollars per kilogram. This is still higher than the price in 2016, which was 139.7 US dollars per kilogram. Based on this trend, it is likely that the price of Vanilla from Canada will continue to decrease in the next two years, with an estimated price of around 120 US dollars per kilogram in 2023 and 2024.The vanilla exports from Canada are categorised as:
- Vanilla, neither crushed nor ground (HS code 090510)
- Vanilla (HS code 090500)
- Vanilla, crushed or ground (HS code 090520)
Canada Vanilla Import Prices - Historical, Trends and Prediction
The import price per kilogram of Vanilla into Canada over the last five years has seen a significant increase. In 2016, the price was $139.70, and by 2021, it had risen to $122.13. The highest price was recorded in 2018, when it reached $405.58. Since then, the price has decreased, with the most recent price being $249.41 in 2020. This suggests that the price of Vanilla is likely to remain stable in the near future. Based on this trend, we can predict that the import price per kilogram of Vanilla into Canada in 2023 will be around $123.70, and in 2024, it will be around $122.13.Export values for Canada vanilla
The total values in export for vanilla in Canada were US$ 34,926, US$ 36,358, US$ 62,459 and US$ 65,843 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 Canada: 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.
Canada vanilla - Production, Exports, Imports, Seasons and HS Codes
The quantity of vanilla shipped by Canada in 2020 was 137 tons. In 2019 Canada exported 164 tonnes of vanilla. For 2019 alone, the demand for Canada vanilla (herbs and spices category) has gone up, with a change of 6.494 pc compared to the year 2018. Between 2017 and 2019, vanilla's exports decreased by -19.61% netting Canada US$65.84m for the year 2019. Canada's vanilla exports are classified as:
- Vanilla, crushed or ground (HS code 090520)
- Vanilla (HS code 090500)
- Vanilla, neither crushed nor ground (HS code 090510)
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Canada vanilla export values
In 2019, Canada supplied vanilla valued at 65.84m USD, an improvement of 5.41% from 2018's total vanilla export of 62.459m USD. The yearly change in value of Canada vanilla between 2017 to 2018 was 71.789 percent.
The annual change in the amount of Canada's vanilla exports between 2017 and 2019 was -19.61 per cent compared to a variation of 6.494% in the period between 2018 and 2019.
Canada's stake of the world's total vanilla's exports in 2019 was 1.8%. The country holds number 13 in world exports of vanilla.
Export markets for Canada vanilla ( in '000$ )
Canada's leading export markets for vanilla are US, Japan, France, the Netherlands and Germany.
Import/Export Trends
Canada is a net exporter of vanilla. The annual growth of Canada vanilla in value between 2015 to 2019 was 4%, per annum, while annual growth in quantity was -4%, per annum.
Canada procured 383 tonnes of vanilla in 2019.