What is the price of cinnamon per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong cinnamon is between US$ 2.88 and US$ 2.88 per kilogram or between US$ 1.31 and US$ 1.31 per pound(lb). Click here to see today's exact prices of cinnamon in Hong Kong
The retail price range in Hong Kong Dollar for cinnamon is between HKD 22.54 and HKD 22.54 per kilogram or between HKD 10.22 and HKD 10.22 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong cinnamon is between US$ 2.02 and US$ 2.02 per kilogram or between US$ 0.92 and US$ 0.92 per pound(lb).
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Hong Kong Cinnamon Export Prices - Historical, Trends and Prediction
The export price of Cinnamon from Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the export price of Cinnamon from Hong Kong in 2022 was $3.05 per kilogram. This represents a 24.5% increase in the price of Cinnamon from Hong Kong over the past five years. Based on this trend, it is likely that the export price of Cinnamon from Hong Kong will continue to increase in the next two years, reaching approximately $3.20 in 2023 and $3.35 in 2024.The Hong Kong cinnamon exports are classified as:
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- 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)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
Hong Kong Cinnamon Import Prices - Historical, Trends and Prediction
The import price of Cinnamon into Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.90, and in 2021 it further increased to $3.20. The most recent data shows that the import price of Cinnamon into Hong Kong in 2022 was $3.50 per kilogram. Overall, the import price of Cinnamon into Hong Kong has seen a steady increase over the past five years, with the price per kilogram increasing by 44.1% from 2018 to 2022. This trend is likely to continue in the coming years, and it is predicted that the import price of Cinnamon into Hong Kong in 2023 will be around $3.80 per kilogram, and in 2024 it will be around $4.10 per kilogram.Export values for Hong Kong cinnamon
The total values in export for cinnamon in Hong Kong were US$ 373, US$ 234, US$ 110 and US$ 192 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 Hong Kong: 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.
Hong Kong cinnamon - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong shipped 63 tonnes of cinnamon. For the year 2019 alone, the market for Hong Kong cinnamon (herbs and spices category) has surged, recording a change of 85.294 percent compared to the year 2018. Between 2017 and 2019, cinnamon's exports went down by -13.7 percent netting the country US$0.19m for the year 2019. Hong Kong's cinnamon exports are categorised as:
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
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Hong Kong cinnamon export values
In 2019, Hong Kong exported cinnamon with a value of 0.19m USD, an increment of 72.73% from 2018's total cinnamon export of 0.11m USD. The yearly change in value of Hong Kong cinnamon between 2017 to 2018 was -52.991 pc.
The annual change in the volume of Hong Kong's cinnamon exports between 2017 and 2019 was -13.7% compared to a variation of 85.294% in the period between 2018 and 2019.
Hong Kong's share of the world's total cinnamon's exports in 2019 was less than 1%. The country is ranked number 35 in world exports of cinnamon.
Export markets for Hong Kong cinnamon ( in '000$ )
Hong Kong's top export markets for cinnamon are Japan, United Kingdom (UK), US, Australia and Macao.
Import/Export Trends
Hong Kong is a net importer of cinnamon. The annual growth of Hong Kong cinnamon in value between 2015 to 2019 was -20%, per annum, while annual growth in quantity during the same period was -28%, per annum.
Hong Kong bought 117 tonnes of cinnamon in 2019.