Vietnam Leads the Way in Cinnamon Exports
Vietnam’s cinnamon exports continue to thrive, with the country solidifying its position as the world’s leading exporter of high-quality cinnamon. In the first eight months of 2024, cinnamon exports from Vietnam reached a value of $177 million, reflecting the rising global demand for this aromatic spice in key markets, such as India, the United States, and Bangladesh.
VietGlobal Export brings you the latest insights into the booming Vietnamese cinnamon market, where international demand is driving record growth.
Record-Breaking Cinnamon Export Figures
According to recent data from the Vietnam Pepper Association (VPA), Vietnam’s cinnamon exports in August alone generated nearly $23 million, totaling 8,186 tons. Cumulatively, the first eight months of 2024 saw cinnamon export volumes reach 62,918 tons, with a turnover of $177 million. This represents a 1.7% increase in volume compared to the same period last year, highlighting the strong and steady growth of Vietnam’s cinnamon exports.
India remains the largest market for Vietnamese cinnamon, importing 20,722 tons in 2024. Other major markets include the United States, Bangladesh, Indonesia, and the UAE, each experiencing significant growth in cinnamon imports from Vietnam.
This demand for Vietnamese cinnamon reflects the global appreciation of its superior quality and distinct flavor, making it highly sought after in the global spice market.
Cinnamon Cultivation: Economic Impact and Sustainability
With approximately 180,000 hectares dedicated to cinnamon cultivation, this spice is a vital source of livelihood for hundreds of thousands of ethnic minority households in Vietnam’s remote and mountainous regions.
Cinnamon farming contributes significantly to Vietnam’s economy and sustainable agricultural practices, helping these regions thrive while preserving traditional agricultural methods.
Vietnam is one of the world’s largest cinnamon-growing country, with an annual production capacity of 72,000 tons of cinnamon bark. In 2022, Vietnam ranked third globally in cinnamon production and was the world’s top cinnamon exporter. The primary export markets for Vietnamese cinnamon include India, the U.S., Bangladesh, Brazil, and Indonesia—all of which have increased their imports of this premium spice over recent years.
Sustainable Cinnamon Trade
To fully leverage free trade agreements and optimize cinnamon export potential, Vietnamese authorities are developing supportive trade ecosystems.
These ecosystems connect various actors within the cinnamon supply chain and enhance the value of Vietnamese cinnamon, ensuring consistent, high-quality products that meet international standards.
This focus on quality and sustainability reinforces Vietnam’s position as a top global exporter of premium cinnamon.
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