What is the price of cinnamon per kilogram/pound in Turkey today?
The retail price range for Turkey cinnamon is between US$ 6.90 and US$ 16.21 per kilogram or between US$ 3.13 and US$ 7.35 per pound(lb). Click here to see today's exact prices of cinnamon in Turkey
The retail price range in Turkish Lira for cinnamon is between TRY 136.62 and TRY 321.17 per kilogram or between TRY 61.96 and TRY 145.66 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey cinnamon is between US$ 4.83 and US$ 11.35 per kilogram or between US$ 2.19 and US$ 5.15 per pound(lb).
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Turkey Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from Turkey over the last five years has seen a steady decline. In 2017, the price was 5.73 US dollars per kilogram, and in 2020, it dropped to 4.59 US dollars per kilogram. This year, 2021, the price has increased slightly to 5.14 US dollars per kilogram. Looking ahead, we predict that the export price of Cinnamon from Turkey will remain relatively stable, with an estimated price of 7.55 US dollars per kilogram in 2022, and 6.16 US dollars per kilogram in 2023 and 2024.The exports of cinnamon from Turkey are classified as:
- 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)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
Turkey Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into Turkey over the last five years has been quite volatile. In 2017, the price was 5.73 US dollars per kg, followed by a slight increase to 6.16 US dollars per kg in 2018. However, in 2019, the price dropped to 4.58 US dollars per kg, and then remained relatively stable at 4.59 US dollars per kg in 2020. In 2021, the price rose to 5.14 US dollars per kg, and then increased significantly to 7.55 US dollars per kg in 2022. Based on the data, it is likely that the import price per kilogram of Cinnamon into Turkey will remain relatively stable in 2023, at around 7.55 US dollars per kg. In 2024, the price is expected to increase slightly, to around 7.75 US dollars per kg.Export values for Turkey cinnamon
The total values in export for cinnamon in Turkey were US$ 203, US$ 189, US$ 265 and US$ 267 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 Turkey: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of cinnamon in other countries across Middle East: Bahrain cinnamon, Cyprus cinnamon, Iraq cinnamon, Israel cinnamon, Jordan cinnamon, Kuwait cinnamon, Lebanon cinnamon, Palestine cinnamon, Oman cinnamon & Qatar cinnamon.
Turkey cinnamon - Production, Exports, Imports, Seasons and HS Codes
The volume of cinnamon exported by Turkey in 2020 was 337 tons. In 2019 Turkey exported 38 tonnes of cinnamon. Across 2019 alone, the interest in Turkey cinnamon (herbs and spices category) has gone down, with a change of -11.628 per cent compared to the year 2018. Between 2017 and 2019, cinnamon's exports went up by 15.15 pc bringing the country US$0.27m for the year 2019. Turkey's cinnamon exports are classified as:
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
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Turkey cinnamon export values
In 2019, Turkey shipped cinnamon valued at 0.27m USD, a surge of 1.89% from 2018's total cinnamon export of 0.265m USD. The annual growth in value of Turkey cinnamon between 2017 to 2018 was 40.212 pc.
The annual/yearly variation in the quantity of Turkey's cinnamon exports between 2017 and 2019 was 15.15 percent when compared to a variation of -11.628% in the growth rate between 2018 and 2019.
Turkey's share of the world's total cinnamon's exports in 2019 was less than 1%. Turkey is ranked number 63 in world exports of cinnamon.
Export markets for Turkey cinnamon ( in '000$ )
Turkey's top destinations for cinnamon are US, Lebanon, Iran, Syria and Jordan.
Import/Export Trends
Turkey is a net exporter of cinnamon. The annual growth of Turkey cinnamon in value between 2015 to 2019 was -40%, per year, while annual growth in quantity during the same period was -29%, per annum.
Turkey procured 1,895 tonnes of cinnamon in 2019.