In 2023, India and the United States are the two main export markets of Vietnam’s cinnamon, of which India accounts for 42.6% and the US 11.4%.
According to the Vietnam Pepper and Spice Association, in December 2023, Vietnam exported 7,443 tons of cinnamon with a total export turnover of 20.9 million USD. Compared to November, the export quantity increased by 3.4%. India and the US continue to be the two main export markets of Vietnam’s cinnamon, reaching 2,363 tons and 1,113 tons. Prosi Thang Long and Olam Vietnam were the two largest exporters in the month, reaching 998 tons and 581 tons.
India and the US are the two main export markets for Vietnam’s cinnamon.
In general, in the whole year of 2023, Vietnam exported 89,383 tons of cinnamon with a total export turnover of 260.9 million USD. It was up 14.6% in volume but down 10.7% in value compared to 2022.
The average export price of cinnamon in 2023 reached 2,918 USD/ton, which was down 22.1% compared to last year.
India is the main export market of Vietnam’s cinnamon, accounting for 42.6%, reaching 38,038 tons, up 14.0% over the previous year. Next, the US accounted for 11.4%, reaching 10,163 tons, up 7.0%. Bangladesh accounts for 6.2%, reaching 5,564 tons, up 32.1%…
Leading cinnamon exporters of the Vietnam Pepper and Spice Association include Prosi Thang Long with 13,839 tons, accounting for 15.5% (down 8.4%); Senspices Vietnam with 5,131 tons, accounting for 5.7% (up 39.0%); Son Ha spices with 4,677 tons, accounting for 5.2% (down 0.7%); Olam Vietnam with 3,445 tons, accounting for 3.9% (down 27.1%), and Tuan Minh with 3,115 tons, accounting for 3.5% (down 0.1%)./.
