In 11 months of 2024, Vietnam exported 90,270 tons of cinnamon, with a total export value of 249.2 million USD.
According to the Vietnam Pepper and Spice Association, in November 2024, Vietnam exported 10,754 tons of cinnamon, with a total export value of 28.8 million USD, an increase of 5.8% compared to October. India and the US were the two main markets for Vietnamese cinnamon, with 4,429 tons and 1,253 tons, accounting for 41.2% and 11.7%, respectively.
In 11 months of 2024, Vietnam exported 90,270 tons of cinnamon, with a total export value of 249.2 million USD. Compared to the same period last year, the export volume increased by 10.2%, and the export value increased by 3.9%.
Cinnamon exports reached over 249 million USD.
The main export markets for Vietnamese cinnamon include India with 31,829 tons, accounting for 35.3%; the US with 9,867 tons, accounting for 10.9%; and Bangladesh with 7,536 tons, accounting for 8.3%.
Vietnam has about 180,000 hectares of cinnamon-growing area nationwide. Yen Bai province accounts for over 80,000 hectares, mainly concentrated in three districts: Tran Yen, Van Yen, and Van Chan. More than 7,000 hectares are certified organic cinnamon.
Vietnam’s cinnamon exports have established their position in the international market. However, experts said that the export value of cinnamon is still very low compared to its potential. Cinnamon products are mainly exported through intermediaries, so prices and markets are unstable, and the value is not high. On the other hand, Vietnam has not yet built a strategic direction for sustainable development at the national level for the cinnamon industry. Pesticide residues in cinnamon bark still occur.
According to the Ministry of Industry and Trade, the market is increasingly demanding strict standards for cinnamon products, such as green consumption, reducing carbon emissions, and products ensuring traceability and sustainable production, including environmental and social factors.To increase the value of cinnamon and promote the export, experts believe that it is necessary to improve the quality of the seedlings, focus on the planting and care stages, and ensure the integration of the supply and consumption chains nationwide.
The cinnamon industry also needs to have significant changes to adapt to the requirements of the export market in the upcoming time. Besides, additional scientific research is needed to promptly respond to market demands, especially issues related to maximum residue limits, and to find appropriate pest control solutions.