What is the price of cinnamon per kilogram/pound in New Zealand today?
The retail price range for New Zealand cinnamon is between US$ 16.48 and US$ 24.24 per kilogram or between US$ 7.47 and US$ 10.99 per pound(lb). Click here to see today's exact prices of cinnamon in New Zealand
The retail price range in New Zealand Dollar for cinnamon is between NZD 26.22 and NZD 38.57 per kilogram or between NZD 11.89 and NZD 17.49 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand cinnamon is between US$ 11.54 and US$ 16.97 per kilogram or between US$ 5.23 and US$ 7.70 per pound(lb).
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New Zealand Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from New Zealand over the last five years has been quite varied. In 2017, the price was 2.22 US dollars per kg, followed by a significant increase to 8.5 US dollars per kg in 2018. The price then dropped to 5.6 US dollars per kg in 2020, before rising again to 5.8 US dollars per kg in 2021. The most recent year, 2022, saw the price reach 9.0 US dollars per kg. Based on this data, it is likely that the export price of Cinnamon from New Zealand will remain around the 9.0 US dollars per kg mark in 2023 and 2024.The New Zealand cinnamon exports are classified as:
- 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)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
New Zealand Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into New Zealand over the last five years has been quite varied. In 2017, the price was 2.22 US dollars per kg, followed by a significant increase to 8.5 US dollars per kg in 2018. The price then remained steady at 8.5 US dollars per kg in 2019, before dropping to 5.6 US dollars per kg in 2020. The price then increased slightly to 5.8 US dollars per kg in 2021, before rising again to 9.0 US dollars per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Cinnamon into New Zealand will be around 9.50 US dollars per kg in 2023 and 10.00 US dollars per kg in 2024.Export values for New Zealand cinnamon
The total values in export for cinnamon in New Zealand were US$ 12, US$ 20, US$ 17 and US$ 17 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 New Zealand: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of cinnamon in other countries across Oceania: Fiji cinnamon, French Polynesia cinnamon, Guam cinnamon, Micronesia cinnamon, New Caledonia cinnamon, Papua New Guinea cinnamon, Samoa cinnamon, Solomon Islands cinnamon, Tonga cinnamon & Vanuatu cinnamon.
New Zealand cinnamon - Production, Exports, Imports, Seasons and HS Codes
The amount of cinnamon exported by New Zealand in 2020 was 5 tonnes. In 2019 New Zealand shipped 2 tonnes of cinnamon. Through 2019 alone, the market for New Zealand cinnamon (herbs and spices category) has been contant, recording a change of 0 % compared to the year 2018. Between 2017 and 2019, cinnamon's exports went down by -77.78 pc netting the exporter US$0.02m for the year 2019. New Zealand's cinnamon exports are classified as:
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
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New Zealand cinnamon export values
In 2019, New Zealand supplied cinnamon with a value of 0.02m USD, an increment of 17.65% from 2018's total cinnamon export of 0.017m USD. The annual change in value of New Zealand cinnamon between 2017 to 2018 was -15 pc.
The annual/yearly variation in the quantity of New Zealand's cinnamon exports between 2017 and 2019 was -77.78 per cent in comparison to a variation of 0% in the period between 2018 and 2019.
New Zealand's share of the world's total cinnamon's exports in 2019 was 1.1%. The country is ranked position 12 in world exports of cinnamon.
Export markets for New Zealand cinnamon ( in '000$ )
New Zealand's leading destinations for cinnamon are Australia, Samoa and Tonga.
Import/Export Trends
New Zealand is a net exporter of cinnamon. The annual growth of New Zealand cinnamon in value between 2015 to 2019 was 12%, per year, while annual growth in quantity for the same period was 4%, per annum.
New Zealand purchased 261 tonnes of cinnamon in 2019.