What is the price of cinnamon per kilogram/pound in Latvia today?
The retail price range for Latvia cinnamon is between US$ 2.76 and US$ 5.75 per kilogram or between US$ 1.25 and US$ 2.61 per pound(lb). Click here to see today's exact prices of cinnamon in Latvia
The retail price range in Euro for cinnamon is between EUR 2.55 and EUR 5.32 per kilogram or between EUR 1.15 and EUR 2.41 per pound(lb) in Riga and Daugavpils.
Wholesale prices
In 2024, the approximate wholesale price range for Latvia cinnamon is between US$ 1.93 and US$ 4.03 per kilogram or between US$ 0.88 and US$ 1.83 per pound(lb).
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Prices of other produce in the Herbs and Spices category in Latvia: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of cinnamon in other countries across Europe: Georgia cinnamon, Albania cinnamon, Belarus cinnamon, Bosnia and Herzegovina cinnamon, Bulgaria cinnamon, Croatia cinnamon, Czech Republic cinnamon, Estonia cinnamon, Greece cinnamon & Hungary cinnamon.
Latvia cinnamon - Production, Exports, Imports, Seasons and HS Codes
The amount of cinnamon exported by Latvia in 2020 was 143 tons. In 2019 Latvia sold 142 tonnes of cinnamon. For 2019 alone, the demand for Latvia cinnamon (herbs and spices category) has reduced, recording a change of -13.939 per cent compared to the year 2018. Between 2017 and 2019, cinnamon's exports went up by 2.16 percent earning the exporter US$0.40m for the year 2019. Latvia's cinnamon exports are categorised as:
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
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Latvia cinnamon export values
In 2019, Latvia sold cinnamon worth 0.40m USD, a reduction of -22.78% from 2018's total cinnamon export of 0.518m USD. The annual change in value of Latvia cinnamon between 2017 to 2018 was -7.993%.
The yearly variation in the volume of Latvia's cinnamon exports between 2017 and 2019 was 2.16 pc compared to a variation of -13.939% in the period between 2018 and 2019.
Latvia's portion of the world's total cinnamon's exports in 2019 was less than 1%. The country is ranked position 38 in world exports of cinnamon.
Export markets for Latvia cinnamon ( in '000$ )
Latvia's leading destinations for cinnamon are Poland, Russia, Romania, Bulgaria and Hungary.
Import/Export Trends
Latvia is a net importer of cinnamon. The annual growth of Latvia cinnamon in value between 2015 to 2019 was 37%, per annum, while annual growth in quantity was 91%, per annum.
Latvia imported 170 tonnes of cinnamon in 2019.