What is the price of cinnamon per kilogram/pound in Australia today?
The retail price range for Australia cinnamon is between US$ 9.71 and US$ 28.15 per kilogram or between US$ 4.40 and US$ 12.77 per pound(lb). Click here to see today's exact prices of cinnamon in Australia
The retail price range in Australian Dollar for cinnamon is between AUD 14.60 and AUD 42.35 per kilogram or between AUD 6.62 and AUD 19.20 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia cinnamon is between US$ 6.79 and US$ 19.71 per kilogram or between US$ 3.08 and US$ 8.94 per pound(lb).
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Australia Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from Australia over the last five years has seen a steady decline. In 2017, the price was 11.94 US dollars per kilogram, and in 2021 it was 9.97 US dollars per kilogram. The lowest price was recorded in 2020, at 9.06 US dollars per kilogram. The highest price was recorded in 2013, at 18.35 US dollars per kilogram. Based on the data, it is predicted that the export price per kilogram of Cinnamon from Australia in 2023 will be 6.03 US dollars per kilogram, and in 2024 it will be 6.03 US dollars per kilogram.The exports of cinnamon from Australia are classified as:
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
Australia Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into Australia over the last five years has seen a steady decline. In 2017, the price was 11.94 US dollars per kg, followed by 14.16 US dollars per kg in 2018. In 2019, the price dropped to 12.05 US dollars per kg and further decreased to 9.06 US dollars per kg in 2020. The most recent year, 2021, saw a slight increase to 9.97 US dollars per kg. Based on this trend, it is predicted that the import price per kilogram of Cinnamon into Australia in 2023 will be 6.03 US dollars per kg and in 2024 it will be 5.03 US dollars per kg.Export values for Australia cinnamon
The total values in export for cinnamon in Australia were US$ 615, US$ 609, US$ 354 and US$ 229 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 Australia: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of cinnamon in other countries across Oceania: Fiji cinnamon, French Polynesia cinnamon, Guam cinnamon, Micronesia cinnamon, New Caledonia cinnamon, Papua New Guinea cinnamon, Samoa cinnamon, Solomon Islands cinnamon, Tonga cinnamon & Vanuatu cinnamon.
Australia cinnamon - Production, Exports, Imports, Seasons and HS Codes
The volume of cinnamon sold by Australia in 2020 was 33 metric tons. In 2019 Australia shipped 19 tonnes of cinnamon. Across 2019 alone, the interest in Australia cinnamon (herbs and spices category) has decreased, recording a change of -24 percent compared to the year 2018. Between 2017 and 2019, cinnamon's exports reduced by -62.75 pc bringing the country US$0.23m for the year 2019. Australia's cinnamon exports are categorised as:
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
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Australia cinnamon export values
In 2019, Australia supplied cinnamon costing 0.23m USD, a decrease of -35.03% from 2018's total cinnamon export of 0.354m USD. The yearly reduction in value of Australia cinnamon between 2017 to 2018 was -41.872%.
The annual/yearly variation in the volume of Australia's cinnamon exports between 2017 and 2019 was -62.75 pc compared to a variation of -24% in the period between 2018 and 2019.
Australia's stake of the world's total cinnamon's exports in 2019 was less than 1%. The country is ranked number 18 in world exports of cinnamon.
Export markets for Australia cinnamon ( in '000$ )
Australia's top destinations for cinnamon are New Zealand, Malaysia, Singapore, Vietnam and Thailand.
Import/Export Trends
Australia is a net exporter of cinnamon. The annual growth of Australia cinnamon in value between 2015 to 2019 was -7%, per year, while annual growth in quantity during the same period was -4%, per annum.
Australia imported 1,089 tonnes of cinnamon in 2019.