What is the price of cinnamon per kilogram/pound in Vietnam today?
The retail price range for Vietnam cinnamon is between US$ 2.47 and US$ 4.95 per kilogram or between US$ 1.12 and US$ 2.24 per pound(lb). Click here to see today's exact prices of cinnamon in Vietnam
The retail price range in Dong for cinnamon is between VND 61,818.75 and VND 123,637.50 per kilogram or between VND 28,035.71 and VND 56,071.43 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam cinnamon is between US$ 1.73 and US$ 3.46 per kilogram or between US$ 0.79 and US$ 1.57 per pound(lb).
Related: Kenya Cinnamon prices, South Africa Cinnamon prices, Malaysia Cinnamon prices, Philippines Cinnamon prices, India Cinnamon prices, United Arab Emirates (UAE) Cinnamon prices, Canada Cinnamon prices, US Cinnamon prices, Australia Cinnamon prices, New Zealand Cinnamon prices, Germany Cinnamon prices, Netherlands Cinnamon prices, Spain Cinnamon prices, United Kingdom (UK) Cinnamon prices,
Price Finder Tool
Search for prices of Vietnam cinnamon and other products in different countries.
Vietnam Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from Vietnam over the last five years has been quite volatile. In 2013, the price was 2.91 US dollars per kg, which increased to 4.75 US dollars per kg in 2014. However, the price dropped to 3.29 US dollars per kg in 2015 and then increased to 3.77 US dollars per kg in 2016. In 2017, the price rose to 4.08 US dollars per kg and then skyrocketed to 12.42 US dollars per kg in 2018. The price remained relatively stable in 2019 at 12.53 US dollars per kg, before dropping to 7.16 US dollars per kg in 2020. Based on this data, it is predicted that the export price per kilogram of Cinnamon from Vietnam will be 8.45 US dollars per kg in 2023 and 10.17 US dollars per kg in 2024.Vietnam Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into Vietnam has seen a steady increase over the last five years. In 2016, the price was 3.77 US dollars per kg, and in 2020, it was 7.16 US dollars per kg. This represents an increase of 88.7% over the five-year period. The highest price was recorded in 2018, when the price was 12.42 US dollars per kg. This was followed by a slight decrease in 2019, when the price was 12.53 US dollars per kg. The most recent price in 2020 was 7.16 US dollars per kg. Based on this trend, it is predicted that the price of Cinnamon in Vietnam will continue to increase in the coming years, reaching 8.50 US dollars per kg in 2023 and 9.50 US dollars per kg in 2024.Export values for Vietnam cinnamon
The total values in export for cinnamon in Vietnam were US$ 76,093, US$ 103,132, US$ 134,063 and US$ 172,450 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 Vietnam: 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.
Vietnam cinnamon - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam shipped 13,759 tonnes of cinnamon. For the year 2019 alone, the interest in Vietnam cinnamon (herbs and spices category) has escalated, changing by 27.481 pc compared to the year 2018. Between 2017 and 2019, cinnamon's exports decreased by -45.61 pc bringing the exporter US$172.45m for the year 2019. Vietnam's cinnamon exports are classified as:
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
Are you a producer of cinnamon or other products?
Sign up today for FREE to buy or sell cinnamon.
Vietnam cinnamon export values
In 2019, Vietnam supplied cinnamon worth 172.45m USD, an improvement of 28.63% from 2018's total cinnamon export of 134.063m USD. The yearly increase in value of Vietnam cinnamon between 2017 to 2018 was 29.992%.
The per year variation in the amount of Vietnam's cinnamon exports between 2017 and 2019 was -45.61 per cent compared to a variation of 27.481% in the period between 2018 and 2019.
Vietnam's share of the world's total cinnamon's exports in 2019 was less than 1%. The country is ranked number 20 in world exports of cinnamon.
Export markets for Vietnam cinnamon ( in '000$ )
Import/Export Trends
Vietnam is a net importer of cinnamon. The annual growth of Vietnam cinnamon in value between 2015 to 2019 was 73%, per annum, while annual growth in quantity through the same period was 133%, per annum.
Vietnam bought 2,822 tonnes of cinnamon in 2019.
Production
The production of cinnamon in Vietnam was 207,230 tonnes in 2019 and is projected to change by an average of 5.43%. The country had approximately 571,120.00 hectares under cinnamon cultivation.