Vietnam ranks third globally in cinnamon spice production, with an export output of about 62,918 tons by the end of August 2024. Besides, the export price of Vietnam’s cinnamon is often at the highest level compared to rival cinnamon-growing countries such as China and Indonesia. Why is the price of Vietnamese cinnamon spice so high? And what is the trend of Vietnam cinnamon price fluctuations in 2025? Let’s read this article below!
Contents
An overview of the Vietnam cinnamon spice industry
Currently, the total area of cinnamon in Vietnam is about 180,000 hectares. Vietnam cinnamon spice export value has continuously increased in recent years.
Vietnam’s cinnamon spice production in recent years
In Vietnam, cinnamon is grown mostly in provinces such as Lao Cai (53.3 thousand ha), Yen Bai (81 thousand ha), and Quang Nam (about 15 thousand ha). These three provinces account for about 70% of the total cinnamon area in the country. The annual production of cinnamon spice is estimated at 900 thousand – 1.2 million tons. The average yield of cinnamon is from 70 to 80 thousand tons/per year.
Vietnam’s cinnamon spice production in recent years
According to the FAO report, The total cinnamon production by the end of August 2024 reached 62,918 tons, accounting for 29% of global production. It is expected that in 2025, the export value of cinnamon will reach about 447 million USD. The main markets of Vietnamese cinnamon spice are India, Bangladesh and the US. The export production to these three markets is 8,312 tons, 3,135 tons and 2,924 tons, respectively.
Vietnam cinnamon spice global trading potential
Vietnam cinnamon has a lot of potential as the demand from high-quality markets such as the US and Europe is constantly increasing. Besides, Vietnam also benefits from many new generation FTAs such as CPTPP, VPA/FLEGT Agreement. Many trading tax rates are reduced or eliminated.
Vietnam cinnamon spice global trading potential
The demand for cinnamon spice is growing faster than the global supply, currently estimated at 9 – 12%. Currently, Vietnamese cinnamon is strongly consumed in many regions of South Asia (such as India and Bangladesh), the Middle East (UAE, Pakistan), East Asia (Japan, Taiwan – China, Korea), the US, and countries of the European Union – EU.
K-Agriculture Cinnamon Factory 1
Cinnamon spice is always in short supply, so it is a very sought-after spice in the market and has a volatile price over time. Especially, currently, Vietnam is the country producing the best quality cinnamon in the world at a competitive price, so the demand for Vietnamese cinnamon is huge. If it is possible to take advantage of this to trade Vietnamese cinnamon spice in the international market, it will be very profitable. Or it can be said, the potential of Vietnam’s cinnamon trade is huge.
2024 export price of Vietnam cinnamon spice and price trend forecast
If you are a direct cinnamon importer from Vietnam or a cinnamon spice trader in the international market, you need to understand the current cinnamon price and the future trend of cinnamon price fluctuations. In general, the price of Vietnamese cinnamon in particular, and the global price of cinnamon in general will tend to increase over time.
Export price of Vietnam cinnamon in 2024
The special feature of cinnamon is that it is not a seasonal crop. If any year the cinnamon does not have a good price, the farmer may not harvest them but wait until the price rises to harvest cinnamon or store the cinnamon in a warehouse. Even after harvesting, with proper storage of cinnamon, farmers can keep cinnamon sticks fresh for 1 – 2 years without losing too much of their flavor. According to the latest price list from K-Agriculture Factory, the price of Vietnamese cinnamon spice FOB Hai Phong Port per 1 ton in August of 2024 is as follows:
| Split cinnamon (20 – 45 cm) | Cigar cinnamon (8 – 12 cm) | Stick cinnamon (20 – 45 cm) | Broken cinnamon (1 – 5 cm) | Broken KABC cinnamon (1 – 4cm) |
| $275x – $31xx | $521x – $56xx | $522x – $57xx | $234x – $29xx | $52xx |
Indian customers often prefer broken cinnamon the most as they have a much lower price compared to other types and is suitable to consume daily. If you want to buy broken cinnamon in bulk, K-Agriculture Factory is proud to be one of the best providers of broken cinnamon in Vietnam.
Broken cinnamon from K-Agriculture Factory
The older the cinnamon tree, the richer the bark is, so farmers can not harvest cinnamon for decades without worrying about the quality of cinnamon. In addition, the more essential oil in cinnamon, the higher the price of them, farmers do not worry about price pressure because they are the ones who can control the supply volume.
Price trend forecast of Vietnam cinnamon in 2025
The price of cinnamon spice in Vietnam is often higher than that of major cinnamon-growing countries such as China, Indonesia, and India. The reason is that consumers and trading partners in Europe quickly realize that Cassia cinnamon products from Vietnam have superior quality compared to that from China and Indonesia, so they pay the price to buy Cassia cinnamon from Vietnam.
K-Agriculture Cinnamon Factory 2
K-Agriculture Factory forecasts that Vietnam’s cinnamon price will continue to be high in the next few years, specifically in 2025, it will tend to increase around the average price of about 5 USD/kg. However, in the long run, if China and Indonesia promote the development of cinnamon, the risk is that Vietnam’s cinnamon price will tend to decrease slightly. Markets like South Asia and the Middle East often prioritize cheaper prices, so they may choose to buy cinnamon spice from China or Indonesia.
Where to buy the best cinnamon spice in Vietnam?
Because Vietnamese cinnamon is said to have the best use, if you want to buy high-quality cinnamon spice, you should choose reputable suppliers in Vietnam to buy it.
K-Agriculture: The leading supplier of Vietnamese cinnamon spice
K-Agriculture Factory is one of the most prestigious exporters of high-quality cinnamon spice in Vietnam with over 25 years of international business. We have a system of cinnamon factories up to thousands of square meters, so we are committed to the most competitive factory price in the market. K-Agriculture Factory guarantees product quality of 100% real cinnamon peeled, containing no preservatives, no fakes, and no poor quality Chinese goods. Being a giant in trading cinnamon products internationally in Vietnam – the biggest broken cinnamon, split cinnamon and cinnamon stick exporter since 1996, K-agriculture is proud to bring buyers broken cinnamon with uniform quality standards and affordable prices.
Main products: The company specializes in high-quality cinnamon products, including cigarette cinnamon, long-stick cinnamon, tube cinnamon, split cinnamon, and broken cinnamon.
Production capacity: K-Agriculture has an annual production capacity of approximately 200,000 tons of cinnamon products, enabling an effective response to international customer demands.
Average price: The average price for cinnamon products ranges from $600 to $730 per ton, depending on the product type and quality standards.
Strengths: K-Agriculture offers a diverse product range, providing customers with various choices, including cigarette cinnamon, long-stick cinnamon, tube cinnamon, split cinnamon, and broken cinnamon. Additionally, K-Agriculture is valued by its foreign clients for its amazing team of supporting staff. They are led by visionary and experienced managers.
Weakness: One of the challenges K-Agriculture faces is the potential inconsistency in the quality of cinnamon harvests, which can affect product supply stability.
Contact K-Agriculture Factory via:
- Website: k-agriculture.com
- Mail: sales@k-agriculture.com
- Phone/Whatsapp: +84855555837
Prosi Thang Long Joint Stock Company: A reliable trader of Vietnamese cinnamon in bulk
Prosi Thang Long Joint Stock Company is an exporter of cinnamon in bulk in Vietnam. The company owns four modern factories located in Yen Bai, Bac Giang, and Soc Son, with certifications including BRC, HACCP, ISO 22000:2018, and FDA. Over the past three years, this company’s export turnover of Cassia cinnamon has consistently ranked among the top in Vietnam, accounting for nearly 20% of the market. Prosi supplies all premium types of cinnamon, such as split, tube, sticks, and ground cinnamon, to customers worldwide.
Year established: 2014
Main products: The company focuses on five key products, including Cashew Nuts, Pepper, Cinnamon/Cassia, Star Anise, and Desiccated Coconut. Prosi’s products meet the demands of international markets, including the European Union, the US, the UAE, Africa, and Asian countries.
Production capacity: With modern production processes and large-scale factory systems, Prosi has the capacity to produce approximately 20,000 tons of cinnamon each year. This production capacity enables the company to ensure a stable supply and meet large export orders from customers.
Average price: The average price of Cassia cinnamon ranges from 700 to 820 USD per ton, depending on the type of product and specific requirements of the customer.
Strengths:
- A strong and loyal global customer network helps Prosi expand its export market.
- Product quality, food safety, and excellent customer service are Prosi’s top commitments. The company prioritizes ensuring food safety and security.
- Having large-scale manufacturing facilities allows for better quality control and production processes.
Weakness: The company’s complex production processes may lead to extended delivery times, affecting its ability to respond quickly to market demands.
Phalco Vietnam Import – Export Joint Stock Company: One of the most reputable Vietnamese cinnamon brands
Phalco Vietnam Import – Export Joint Stock Company is a trusted name for foreign businesses seeking to import high-quality Vietnamese cinnamon spice. With a robust network of partnerships across the globe, Phalco has become a go-to business for food exports from Vietnam. Phalco’s factory utilizes advanced technology and stringent quality control measures, positioning the company to deliver consistently high-quality products. Their focus on health and safety at every production stage ensures compliance with global food safety standards, including certifications such as FDA, HACCP, and ISO 22000.
The company is dedicated to meeting the demands of international markets, including the European Union, the United States, and various Asian and African countries.
Year established: 2013
Production capacity: Phalco’s state-of-the-art facility has a production capacity of approximately 2,000 tons of cinnamon per month, allowing the company to meet significant export demands efficiently.
Main products: Phalco specializes in a diverse range of agricultural products, including:
- Cinnamon/Cassia
- Star Anise
- Cashew Nuts
- Pepper
- Coffee
- Desiccated Coconut
Strengths:
- Quality assurance: Phalco emphasizes product quality and safety, ensuring that their products meet rigorous international standards. This commitment to quality helps establish long-term relationships with clients.
- Diverse product range: The company offers a wide variety of spices and agricultural products, allowing it to cater to different market needs and preferences.
Weaknesses: The sophisticated production methods may lead to longer delivery times, which can affect responsiveness to urgent market demands.
Phalco’s emphasis on quality, safety, and customer satisfaction makes it a prominent player in the Vietnamese spice export industry.
In conclusion, this article provides you with the information you need to know about Vietnam cinnamon spice. Hope you find this article useful. Please leave a comment for further explanation from experts from K-agriculture which is one of the biggest factories in agriculture in Vietnam!
