What is the price of cinnamon per kilogram/pound in Indonesia today?
The retail price range for Indonesia cinnamon is between US$ 2.85 and US$ 4.77 per kilogram or between US$ 1.29 and US$ 2.16 per pound(lb). Click here to see today's exact prices of cinnamon in Indonesia
The retail price range in Rupiah for cinnamon is between IDR 47,451.53 and IDR 79,457.43 per kilogram or between IDR 21,519.97 and IDR 36,035.12 per pound(lb) in Jakarta and Surabaya.
Wholesale prices
In 2024, the approximate wholesale price range for Indonesia cinnamon is between US$ 1.99 and US$ 3.34 per kilogram or between US$ 0.90 and US$ 1.51 per pound(lb).
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Indonesia Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from Indonesia over the last five years has seen a steady increase. In 2017, the price was 2.93 US dollars per kilogram, and by 2021, it had risen to 4.93 US dollars per kilogram. This represents an increase of 68.7% over the five-year period. Looking ahead, we can predict that the price of Cinnamon from Indonesia will continue to rise, with an estimated price of 5.02 US dollars per kilogram in 2022, and likely to reach 5.20 US dollars per kilogram in 2023, and 5.38 US dollars per kilogram in 2024.The exports of cinnamon from Indonesia are categorised as:
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- 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 "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
Indonesia Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into Indonesia has seen a steady increase over the last five years. In 2017, the price was $2.93, and by 2021, it had risen to $4.93. This represents an increase of 68.3% over the five-year period. The highest price was recorded in 2020, at $4.09 per kilogram. This was followed by a slight decrease in 2021, to $4.93 per kilogram. Based on this trend, it is likely that the price of Cinnamon in Indonesia will continue to increase in the coming years. We can predict that the price in 2023 will be around $5.20 per kilogram, and in 2024, it will be around $5.40 per kilogram.Export values for Indonesia cinnamon
The total values in export for cinnamon in Indonesia were US$ 94,155, US$ 148,076, US$ 141,445 and US$ 133,735 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 Indonesia: 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.
Indonesia cinnamon - Production, Exports, Imports, Seasons and HS Codes
In 2019 Indonesia shipped 36,765 tonnes of cinnamon. For 2019 alone, the demand for Indonesia cinnamon (herbs and spices category) has shrunk, with a change of -11.153 pc compared to the year 2018. Between 2017 and 2019, cinnamon's exports reduced by -27.14% earning the exporter US$133.74m for the year 2019. Indonesia's cinnamon exports are classified as:
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
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Indonesia cinnamon export values
In 2019, Indonesia shipped cinnamon worth 133.74m USD, a contraction of -5.45% from 2018's total cinnamon export of 141.445m USD. The annual change in value of Indonesia cinnamon between 2017 to 2018 was -4.478 percent.
The annual/yearly change in the quantity of Indonesia's cinnamon exports between 2017 and 2019 was -27.14 per cent compared to a variation of -11.153% in the period between 2018 and 2019.
Indonesia's stake of the world's total cinnamon's exports in 2019 was 1.2 per cent. Indonesia is ranked position 11 in world exports of cinnamon.
Export markets for Indonesia cinnamon ( in '000$ )
Indonesia's leading destinations for cinnamon are US, the Netherlands, Vietnam, Brazil and Thailand.
Import/Export Trends
Indonesia is a net exporter of cinnamon. The annual growth of Indonesia cinnamon in value between 2015 to 2019 was 57%, per annum, while annual growth in quantity for the same period was 59%, per annum.
Indonesia imported 3,376 tonnes of cinnamon in 2019.
Production
The production of cinnamon in Indonesia was 448,285 tonnes in 2019 and is forecast to change by an average of -0.51%. The country had an estimated 580,880.00 hectares under cinnamon cultivation.