What is the price of cinnamon per kilogram/pound in Malaysia today?
The retail price range for Malaysia cinnamon is between US$ 5.91 and US$ 6.13 per kilogram or between US$ 2.68 and US$ 2.78 per pound(lb). Click here to see today's exact prices of cinnamon in Malaysia
The retail price range in Malaysian Ringgit for cinnamon is between MYR 26.81 and MYR 27.81 per kilogram or between MYR 12.16 and MYR 12.61 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia cinnamon is between US$ 4.14 and US$ 4.29 per kilogram or between US$ 1.88 and US$ 1.95 per pound(lb).
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Malaysia Cinnamon Export Prices - Historical, Trends and Prediction
In the years 2015, 2016, 2017, 2018 and 2019, the export prices of Cinnamon from Malaysia per Kg were US$ 1.59, US$ 2.73, US$ 2.20, US$ 3.39 and US$ 2.94 respectively. For the year 2021, the export price was US$ 4.69 per Kg. It is difficult to predict the export price for the year 2023, as it is still two years away.The Malaysia 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 and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
Malaysia Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into Malaysia over the last five years has been quite varied. In 2017, the price was 4.12 US dollars per kilogram, followed by a significant increase to 7.11 US dollars per kilogram in 2018. The price then dropped to 6.2 US dollars per kilogram in 2019, before rising again to 9.8 US dollars per kilogram in 2020. The most recent data shows that the price has dropped to 6.77 US dollars per kilogram in 2021. Based on this data, it is likely that the price of Cinnamon imported into Malaysia will remain around the 6.77 US dollars per kilogram mark in 2022. For 2023 and 2024, it is predicted that the price of Cinnamon imported into Malaysia will remain relatively stable, with a slight increase to around 7.00 US dollars per kilogram.Export values for Malaysia cinnamon
The total values in export for cinnamon in Malaysia were US$ 735, US$ 1,236, US$ 930 and US$ 1,073 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 Malaysia: 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.
Malaysia cinnamon - Production, Exports, Imports, Seasons and HS Codes
The volume of cinnamon shipped by Malaysia in 2020 was 141 tonnes. In 2019 Malaysia sold 168 tonnes of cinnamon. For 2019 alone, the interest in Malaysia cinnamon (herbs and spices category) has escalated, with a change of 11.258 pc compared to the year 2018. Between 2017 and 2019, cinnamon's exports decreased by -25.66% netting Malaysia US$1.07m for the year 2019. Malaysia's cinnamon exports are categorised as:
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
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Malaysia cinnamon export values
In 2019, Malaysia shipped cinnamon worth 1.07m USD, a growth of 15.05% from 2018's total cinnamon export of 0.93m USD. The yearly increase in value of Malaysia cinnamon between 2017 to 2018 was -24.757%.
The yearly change in the volume of Malaysia's cinnamon exports between 2017 and 2019 was -25.66 pc in comparison to a variation of 11.258% in the period between 2018 and 2019.
Malaysia's share of the world's total cinnamon's exports in 2019 was less than 1%. Malaysia holds number 36 in world exports of cinnamon.
Export markets for Malaysia cinnamon ( in '000$ )
Malaysia's top export markets for cinnamon are Japan, Indonesia, Australia, South Africa and Hong Kong.
Import/Export Trends
Malaysia is a net importer of cinnamon. The annual growth of Malaysia cinnamon in value between 2015 to 2019 was 6%, per annum, while annual growth in quantity for the same period was -7%, per annum.
Malaysia brought in 1,640 tonnes of cinnamon in 2019.