What is the price of cinnamon per kilogram/pound in China today?
The retail price range for China cinnamon is between US$ 2.43 and US$ 4.86 per kilogram or between US$ 1.10 and US$ 2.21 per pound(lb). Click here to see today's exact prices of cinnamon in China
The retail price range in Yuan Renminbi for cinnamon is between CNY 17.06 and CNY 34.11 per kilogram or between CNY 7.74 and CNY 15.47 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China cinnamon is between US$ 1.70 and US$ 3.41 per kilogram or between US$ 0.77 and US$ 1.54 per pound(lb).
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China Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from China has seen a steady increase over the last five years. In 2017, the price was 1.92 US$ per kg, which increased to 2.25 US$ per kg in 2018. In 2019, the price rose to 2.79 US$ per kg and further increased to 3.38 US$ per kg in 2020. The highest price was recorded in 2021, at 4.08 US$ per kg. The price dropped slightly in 2022 to 3.83 US$ per kg. Based on the current trend, it is predicted that the export price per kilogram of Cinnamon from China will be 4.45 US$ per kg in 2023 and 4.90 US$ per kg in 2024.The cinnamon exports from China are categorised as:
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
China Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into China over the last five years has been quite volatile. In 2016, the price was 2.16 US dollars per kg, which was the highest in the five year period. This was followed by a decrease in 2017 to 1.92 US dollars per kg. In 2018, the price increased to 2.25 US dollars per kg, before rising to 2.79 US dollars per kg in 2019. The highest price in the five year period was recorded in 2020, at 3.38 US dollars per kg. This was followed by a slight decrease in 2021 to 4.08 US dollars per kg. The price in 2022 was 3.83 US dollars per kg. Based on this trend, it is predicted that the import price per kilogram of Cinnamon into China in 2023 will be 4.53 US dollars per kg, and in 2024 it will be 5.18 US dollars per kg.Export values for China cinnamon
The total values in export for cinnamon in China were US$ 732,080, US$ 877,944, US$ 1,084,248 and US$ 1,296,664 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 China: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of cinnamon in other countries across Asia: Kazakhstan cinnamon, Kyrgyzstan cinnamon, Tajikistan cinnamon, Turkmenistan cinnamon, Uzbekistan cinnamon, China cinnamon, Hong Kong cinnamon, Macao cinnamon, North Korea cinnamon & Mongolia cinnamon.
China cinnamon - Production, Exports, Imports, Seasons and HS Codes
In 2019 China exported 464,104 tonnes of cinnamon. Through 2019 alone, the market for China cinnamon (herbs and spices category) has shrunk, flactuating by -3.511 pc compared to the year 2018. Between 2017 and 2019, cinnamon's exports increased by 1.45 pc earning China US$1,296.66m for the year 2019. China's cinnamon exports are classified as:
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
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China cinnamon export values
In 2019, China sold cinnamon costing 1,296.66m USD, an increase of 19.59% from 2018's total cinnamon export of 1084.248m USD. The annual change in value of China cinnamon between 2017 to 2018 was 23.499 pc.
The yearly change in the volume of China's cinnamon exports between 2017 and 2019 was 1.45 percent when compared to a variation of -3.511% in the growth rate between 2018 and 2019.
China's share of the world's total cinnamon's exports in 2019 was 3.6%. China holds position 6 in world exports of cinnamon.
Export markets for China cinnamon ( in '000$ )
China's top export markets for cinnamon are Vietnam, Bangladesh, Pakistan, Saudi Arabia and United Arab Emirates (UAE).
Import/Export Trends
China is a net importer of cinnamon. The annual growth of China cinnamon in value between 2015 to 2019 was 18%, per year, while annual growth in quantity during the same period was -1%, per annum.
China imported 16,064 tonnes of cinnamon in 2019.
Production
The production of cinnamon in China was 3,313,480 tonnes in 2019 and is estimated to change by an average of 2.73%. The country had approximately 1,673,720.00 hectares under cinnamon cultivation.