What is the price of vanilla per kilogram/pound in Madagascar today?
The retail price range for Madagascar vanilla is between US$ 8.61 and US$ 33.48 per kilogram or between US$ 3.90 and US$ 15.19 per pound(lb). Click here to see today's exact prices of vanilla in Madagascar
The retail price range in Malagasy Ariary for vanilla is between MGA 38,098.67 and MGA 148,161.50 per kilogram or between MGA 17,278.31 and MGA 67,193.43 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar vanilla is between US$ 6.03 and US$ 23.44 per kilogram or between US$ 2.73 and US$ 10.63 per pound(lb).
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Madagascar Vanilla Export Prices - Historical, Trends and Prediction
The export price per kilogram of Vanilla from Madagascar over the last five years has seen a significant increase. In 2017, the price was $428.31, and in 2021, it was $244.81. The highest price was in 2016, when it was $252.10. In 2020, the price dropped to $305.37, and in 2021, it decreased further to $244.81. The trend suggests that the price of Vanilla from Madagascar is decreasing. Based on this trend, it is predicted that the price of Vanilla from Madagascar in 2023 will be $219.90 and in 2024 will be $204.99.The exports of vanilla from Madagascar are categorised as:
- Vanilla, neither crushed nor ground (HS code 090510)
- Vanilla (HS code 090500)
- Vanilla, crushed or ground (HS code 090520)
Madagascar Vanilla Import Prices - Historical, Trends and Prediction
The import price per kilogram of Vanilla into Madagascar over the last five years has seen a significant increase. In 2016, the price was $252.10, followed by a sharp rise to $428.31 in 2017. This was followed by a slight decrease to $455.02 in 2018, and then a further decrease to $394.47 in 2019. The price then dropped to $305.37 in 2020, and then to $244.81 in 2021. The most recent data shows that the import price per kilogram of Vanilla into Madagascar is $239.71 in 2022. Based on the data, it is predicted that the import price per kilogram of Vanilla into Madagascar will remain relatively stable in the next two years. It is expected that the price will be around $239.71 in 2023 and $240.00 in 2024.Export values for Madagascar vanilla
The total values in export for vanilla in Madagascar were US$ 397,050, US$ 687,431, US$ 855,434 and US$ 573,166 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 Madagascar: Garlic, Pepper, Capsicum (Bell Pepper), Cinnamon, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of vanilla in other countries across Africa: Algeria vanilla, Angola vanilla, Botswana vanilla, Burundi vanilla, Cameroon vanilla, Cape Verde vanilla, Central African Republic vanilla, Comoros vanilla, DRC Congo vanilla & Benin vanilla.
Madagascar vanilla - Production, Exports, Imports, Seasons and HS Codes
The volume of vanilla exported by Madagascar in 2020 was 1,660 tons. In 2019 Madagascar sold 1,453 tonnes of vanilla. For 2019 alone, the demand for Madagascar vanilla (herbs and spices category) has decreased, recording a change of -22.713 % compared to the year 2018. Between 2017 and 2019, vanilla's exports reduced by -9.47 pc netting the exporter US$573.17m for the year 2019. Madagascar's vanilla exports are categorised as:
- Vanilla, crushed or ground (HS code 090520)
- Vanilla, neither crushed nor ground (HS code 090510)
- Vanilla (HS code 090500)
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Madagascar vanilla export values
In 2019, Madagascar supplied vanilla worth 573.17m USD, a decrease of -33.00% from 2018's total vanilla export of 855.434m USD. The annual reduction in value of Madagascar vanilla between 2017 to 2018 was 24.439 percent.
The yearly variation in the amount of Madagascar's vanilla exports between 2017 and 2019 was -9.47% in comparison to a variation of -22.713% in the period between 2018 and 2019.
Madagascar's share of the world's total vanilla's exports in 2019 was less than 1%. The country is ranked position 68 in world exports of vanilla.
Export markets for Madagascar vanilla ( in '000$ )
Madagascar's best performing export markets for vanilla are US, France, Germany, Canada and Mauritius.
Import/Export Trends
Madagascar is a net exporter of vanilla. The annual growth of Madagascar vanilla in value between 2015 to 2019 was 19%, per annum, while annual growth in quantity for the same period was 16%, per annum.
Madagascar imported 0 tonnes of vanilla in 2019.
Production
The production of vanilla in Madagascar was 9,651 tonnes in 2019 and is projected to change by an average of 1.51%. The country had approximately 223,017.00 hectares under vanilla cultivation.