What is the price of cinnamon per kilogram/pound in Madagascar today?
The retail price range for Madagascar cinnamon is between US$ 7.89 and US$ 10.85 per kilogram or between US$ 3.58 and US$ 4.92 per pound(lb). Click here to see today's exact prices of cinnamon in Madagascar
The retail price range in Malagasy Ariary for cinnamon is between MGA 34,913.27 and MGA 48,005.75 per kilogram or between MGA 15,833.68 and MGA 21,771.32 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar cinnamon is between US$ 5.52 and US$ 7.59 per kilogram or between US$ 2.50 and US$ 3.44 per pound(lb).
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Madagascar Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from Madagascar over the last five years has seen a steady increase. In 2017, the price was $1.76, and by 2021 it had risen to $2.10. The highest price was recorded in 2018 at $2.58, while the lowest was in 2014 at $1.07. Looking ahead, the price is expected to remain relatively stable, with an estimated price of $2.02 in 2022 and a predicted price of $2.05 in 2023 and $2.08 in 2024.The Madagascar cinnamon exports 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)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
Madagascar Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into Madagascar over the last five years has seen a steady increase. In 2016, the price was $1.36, and in 2017 it rose to $1.76. In 2018, the price jumped to $2.58, and in 2019 it dropped slightly to $2.18. In 2020, the price decreased further to $2.04, and in 2021 it rose again to $2.10. The most recent data shows that the price in 2022 was $2.02. Looking ahead, it is likely that the import price per kilogram of Cinnamon into Madagascar will continue to increase. Based on the data, it is predicted that the price in 2023 will be $2.12 and in 2024 it will be $2.14.Export values for Madagascar cinnamon
The total values in export for cinnamon in Madagascar were US$ 3,674, US$ 5,745, US$ 7,348 and US$ 4,984 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 Madagascar: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of cinnamon in other countries across Africa: Algeria cinnamon, Angola cinnamon, Botswana cinnamon, Burundi cinnamon, Cameroon cinnamon, Cape Verde cinnamon, Central African Republic cinnamon, Comoros cinnamon, DRC Congo cinnamon & Benin cinnamon.
Madagascar cinnamon - Production, Exports, Imports, Seasons and HS Codes
The volume of cinnamon shipped by Madagascar in 2020 was 2,122 metric tonnes. In 2019 Madagascar shipped 2,282 tonnes of cinnamon. In 2019 alone, the market for Madagascar cinnamon (herbs and spices category) has decreased, flactuating by -19.93 pc compared to the year 2018. Between 2017 and 2019, cinnamon's exports reduced by -30.21 percent earning the nation US$4.98m for the year 2019. Madagascar's cinnamon exports are classified as:
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
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Madagascar cinnamon export values
In 2019, Madagascar supplied cinnamon with a value of 4.98m USD, a reduction of -32.23% from 2018's total cinnamon export of 7.348m USD. The annual change in value of Madagascar cinnamon between 2017 to 2018 was 27.903 percent.
The per year variation in the amount of Madagascar's cinnamon exports between 2017 and 2019 was -30.21 per cent in comparison to a variation of -19.93% in the period between 2018 and 2019.
Export markets for Madagascar cinnamon ( in '000$ )
Madagascar's top destinations for cinnamon are Germany, the Netherlands, France, Vietnam and Spain.
Madagascar brought in 1 tonnes of cinnamon in 2019.
Production
The production of cinnamon in Madagascar was 17,675 tonnes in 2019 and is estimated to change by an average of 1.73%. The country had approximately 10,365.00 hectares under cinnamon cultivation.