What is the price of cinnamon per kilogram/pound in Thailand today?
The retail price range for Thailand cinnamon is between US$ 8.61 and US$ 22.01 per kilogram or between US$ 3.90 and US$ 9.98 per pound(lb). Click here to see today's exact prices of cinnamon in Thailand
The retail price range in Baht for cinnamon is between THB 295.40 and THB 755.42 per kilogram or between THB 133.97 and THB 342.59 per pound(lb) in Bangkok and Chiand Mai.
Wholesale prices
In 2024, the approximate wholesale price range for Thailand cinnamon is between US$ 6.03 and US$ 15.41 per kilogram or between US$ 2.73 and US$ 6.99 per pound(lb).
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Thailand Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from Thailand over the last five years has seen a steady increase. In 2017, the price was 5.26 US dollars per kilogram, and by 2021, it had risen to 4.44 US dollars per kilogram. The highest price was recorded in 2018, at 7.78 US dollars per kilogram. The price then dropped to 7.41 US dollars per kilogram in 2019, before rising again to 5.89 US dollars per kilogram in 2020. Based on this trend, it is predicted that the export price per kilogram of Cinnamon from Thailand in 2023 will be 6.45 US dollars, and in 2024, it will be 6.99 US dollars.The cinnamon exports from Thailand are classified as:
- 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 and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
Thailand Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into Thailand over the last five years has been quite volatile. In 2017, the price was $5.26, which was followed by a sharp increase to $7.78 in 2018. However, the price dropped to $7.41 in 2019 and then further to $5.89 in 2020. The price then decreased again to $4.44 in 2021 before rising to $7.17 in 2022. Based on this trend, it is likely that the import price per kilogram of Cinnamon into Thailand will be around $5.50 in 2023 and $7.50 in 2024.Export values for Thailand cinnamon
The total values in export for cinnamon in Thailand were in US dollar thousand for the years in that order.
Prices of other produce in the Herbs and Spices category in Thailand: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of cinnamon in other countries across Asia: Kazakhstan cinnamon, Kyrgyzstan cinnamon, Tajikistan cinnamon, Turkmenistan cinnamon, Uzbekistan cinnamon, China cinnamon, Hong Kong cinnamon, Macao cinnamon, North Korea cinnamon & Mongolia cinnamon.
Thailand cinnamon - Production, Exports, Imports, Seasons and HS Codes
The amount of cinnamon sold by Thailand in 2020 was 57 metric tonnes. In 2019 Thailand shipped 27 tonnes of cinnamon. For the year 2019 alone, the interest in Thailand cinnamon (herbs and spices category) has remained relatively stable, compared to the year 2018. Between 2017 and 2019 cinnamon exports were minimal, bringing Thailand very little foreign income. Thailand's cinnamon exports are classified as:
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
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Thailand cinnamon export values
Between 2011 and 2020, Thailand sold cinnamon worth a total of US$ 0.
The annual variation in the amount of Thailand's cinnamon exports for the period between 2017 and 2019 stayed stagnant.
Thailand's portion of the world's total cinnamon's exports in 2019 was less than 1%. The country is ranked number 22 in world exports of cinnamon.
Export markets for Thailand cinnamon ( in '000$ )
Thailand's best performing export markets for cinnamon are US, Australia, Germany, the Maldives and Hong Kong.
Import/Export Trends
Thailand is a net importer of cinnamon. The annual growth of Thailand cinnamon in value between 2015 to 2019 was 22%, per year, while annual growth in quantity through the same period was -2%, per annum.
Thailand imported 1,458 tonnes of cinnamon in 2019.