What is the price of cinnamon per kilogram/pound in Seychelles today?
The retail price range for Seychelles cinnamon is between US$ 5.35 and US$ 8.15 per kilogram or between US$ 2.43 and US$ 3.70 per pound(lb). Click here to see today's exact prices of cinnamon in Seychelles
The retail price range in Seychelles Rupee for cinnamon is between SCR 73.96 and SCR 112.66 per kilogram or between SCR 33.54 and SCR 51.09 per pound(lb) in Victoria and Beau Vallon.
Wholesale prices
In 2024, the approximate wholesale price range for Seychelles cinnamon is between US$ 3.75 and US$ 5.71 per kilogram or between US$ 1.70 and US$ 2.59 per pound(lb).
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Seychelles Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from Seychelles over the last five years has been relatively stable. In 2016, the price was 1.40 US dollars per kilogram, followed by a slight increase to 2.16 US dollars per kilogram in 2017. In 2018, the price rose to 2.29 US dollars per kilogram and further increased to 2.50 US dollars per kilogram in 2019. However, in 2020, the price skyrocketed to 4.20 US dollars per kilogram. The price dropped to 0.00 US dollars per kilogram in 2021. Based on this trend, it is predicted that the export price per kilogram of Cinnamon from Seychelles in 2023 will be around 2.50 US dollars and in 2024 will be around 1.40 US dollars.The cinnamon exports from Seychelles are categorised as:
- 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)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
Seychelles Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into Seychelles over the last five years has been relatively stable. In 2016, the price was $1.40, followed by a slight increase to $2.16 in 2017. In 2018, the price rose to $2.29 and then to $2.50 in 2019. However, in 2020, the price saw a significant jump to $4.20. The price for 2021 is currently at $0.00. Based on this data, it is likely that the price of Cinnamon in Seychelles will remain relatively stable in the next two years, with a slight increase in 2023 to $4.50 and a further increase to $4.75 in 2024.Export values for Seychelles cinnamon
The total values in export for cinnamon in Seychelles were US$ 7, US$ 67, US$ 110 and US$ 80 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 Seychelles: 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.
Seychelles cinnamon - Production, Exports, Imports, Seasons and HS Codes
In 2019 Seychelles sold 32 tonnes of cinnamon. Across 2019 alone, the demand for Seychelles cinnamon (herbs and spices category) has decreased, recording a change of -33.333 % compared to the year 2018. Between 2017 and 2019, cinnamon's exports went up by 3.23 pc bringing the exporter US$0.08m for the year 2019. Seychelles' cinnamon exports are categorised as:
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
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Seychelles cinnamon export values
In 2019, Seychelles exported cinnamon valued at 0.08m USD, a drop of -27.27% from 2018's total cinnamon export of 0.11m USD. The yearly reduction in value of Seychelles cinnamon between 2017 to 2018 was 64.179 pc.
The per year variation in the quantity of Seychelles' cinnamon exports between 2017 and 2019 was 3.23 pc in comparison to a variation of -33.333% in the period between 2018 and 2019.
Export markets for Seychelles cinnamon ( in '000$ )
Seychelles' leading destinations for cinnamon are United Kingdom (UK), Spain, the Netherlands, Germany and Sudan.
Seychelles brought in 13 tonnes of cinnamon in 2019.
Production
The production of cinnamon in Seychelles was 125 tonnes in 2019 and is projected to change by an average of -21.88%. The country had an estimated 2,890.00 hectares under cinnamon cultivation.