What is the price of cinnamon per kilogram/pound in Nigeria today?
The retail price range for Nigeria cinnamon is between US$ 5.81 and US$ 8.72 per kilogram or between US$ 2.64 and US$ 3.96 per pound(lb). Click here to see today's exact prices of cinnamon in Nigeria
The retail price range in Naira for cinnamon is between NGN 2,679.26 and NGN 4,018.89 per kilogram or between NGN 1,215.09 and NGN 1,822.63 per pound(lb) in Abuja and Lagos.
Wholesale prices
In 2024, the approximate wholesale price range for Nigeria cinnamon is between US$ 4.07 and US$ 6.10 per kilogram or between US$ 1.85 and US$ 2.77 per pound(lb).
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Nigeria Cinnamon Export Prices - Historical, Trends and Prediction
The export price of Cinnamon from Nigeria has seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that the export price per kilogram of Cinnamon from Nigeria in 2022 was $3.05. Looking at the trend, it is likely that the export price of Cinnamon from Nigeria will continue to increase in the coming years. Based on the data, it is predicted that the export price per kilogram of Cinnamon from Nigeria in 2023 will be around $3.20, and in 2024 it will be around $3.35.Nigeria Cinnamon Import Prices - Historical, Trends and Prediction
The import price of Cinnamon into Nigeria over the past five years has been quite volatile. In 2018, the price per kilogram was $2.50, which was the highest in the five-year period. This was followed by a sharp decline in 2019 to $1.50 per kilogram. In 2020, the price rose again to $2.00 per kilogram, before dropping back to $1.50 in 2021. The most recent data shows that the price of Cinnamon into Nigeria has remained steady at $1.50 per kilogram in 2022. Looking ahead, it is difficult to predict the exact prices for 2023 and 2024. However, based on the data from the past five years, it is likely that the price of Cinnamon into Nigeria will remain relatively stable in the near future.Export values for Nigeria cinnamon
Prices of other produce in the Herbs and Spices category in Nigeria: 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.
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