Vietnam is the world’s leading exporter of cinnamon

Vietnam is the world’s leading exporter of cinnamon

Vietnam is the world’s leading cinnamon producer. With about 180,000 hectares, mainly in the Northern and North Central mountainous areas…

In 2022, Vietnamese cinnamon accounts for 18.2% of output but 34.4% of the global cinnamon export market share. Vietnam is also the number 1 cinnamon exporter in the world with a turnover of over 292 million USD.

According to the Vietnam Pepper Association, by the end of October 2023, Vietnam exported 74,744 tons of cinnamon, with 220.3 million USD, an increase of 19.2% in volume and a decrease of 1.3% in value compared to the same period last year. The 10-month average cinnamon export price reached 2,948 USD/ton, down 17.2% over the same period in 2022.

Up to now, Vietnam’s agriculture and cinnamon and medicinal plant processing industry has gradually transitioned to a stage of sustainable development by reducing progressively raw products, traditional farming, and increasing specialized processed products. Worms have more competitive value, promoting production along the value chain.

Currently, Vietnamese cinnamon and anise are strongly consumed in many regions of South Asia (such as India, and Bangladesh), the Middle East (UAE, Pakistan), East Asia (Japan, Taiwan – China, Korea), America, and countries of the European Union – EU. Which, India and China are the two main export markets of Vietnam Anise, accounting for about 50% and 25% respectively.