Vietnam - A Leading Cinnamon Supplier for the Global Market

Vietnam: A Leading Cinnamon Supplier for the Global Market

Vietnam’s cinnamon industry has cemented its position as a global leader in the export of high-quality cassia cinnamon. As one of the top three cinnamon producers worldwide, Vietnam boasts a thriving cinnamon industry supported by 180,000 hectares of cinnamon plantations in the mountainous regions of the North and North Central Coast.

In the first ten months of 2024 alone, Vietnam exported 79,516 tons of cinnamon, earning an impressive $220.5 million USD. This marked a 6.4% increase compared to the total exports of 2023, with India, the United States, and Bangladesh emerging as the largest buyers. India leads the market, importing 27,381 tons, followed by the U.S. at 8,562 tons, and Bangladesh at 6,850 tons.

A Versatile and Valuable Commodity

Vietnamese cinnamon is much more than a spice. Its unique flavor, rich aroma, and high oil content make it a sought-after ingredient in a wide range of industries:

  • Food and Beverages: Enhancing the taste of baked goods, teas, and savory dishes.
  • Pharmaceuticals: Used in traditional and modern medicine.
  • Cosmetics and Skincare: A key ingredient in natural beauty products.
  • Functional Foods: Incorporated into health supplements for its numerous benefits.

With annual harvests reaching 70,000–80,000 tons of cinnamon bark, Vietnam supplies 17% of the global cinnamon market, firmly establishing itself as the world’s leading cinnamon exporter.

Cinnamon Harvest Season
 

Why Choose Vietnam as Your Cinnamon Supplier?

Vietnam’s position as a trusted cinnamon supplier is supported by several competitive advantages:

Abundant Supply and Superior Quality

Vietnamese cinnamon is prized for its high oil content, rich flavor, and consistent quality. With a total estimated bark reserve of 1.2 million tons, Vietnam offers reliable and large-scale production to meet global demand.

Trade-Friendly Market Access

Vietnam benefits from 16 Free Trade Agreements (FTAs), including the UKVFTA, which provides advantageous tax rates for cinnamon exports to major markets like the EU and the UK. These agreements make Vietnamese cinnamon more accessible and cost-competitive globally.

Increasing Global Demand

The growing use of cinnamon in pharmaceuticals, cosmetics, and functional foods continues to expand its market potential. From health-conscious consumers to innovative manufacturers, the demand for cinnamon is rising worldwide.

Cinnamon Prices and Updates

As a leading cinnamon supplier, VietGlobal Export ensures competitive pricing and timely updates to help you stay ahead in the market. Here’s what’s happening:

  • In October 2024, Vietnam exported 10,166 tons of cinnamon, generating $26.2 million USD, a 58.1% increase in volume from September.
  • India, Vietnam’s largest buyer, imported 3,986 tons, reflecting its strong demand for premium Vietnamese cassia.
  • On the import side, Vietnam sourced 265 tons of cinnamon, mainly from Indonesia, showcasing its dual role as a producer and processor in the global market.

With this upward trend in global demand, Vietnamese cinnamon remains a reliable and valuable choice for importers worldwide.

cigarette cinnamon production

The Future of Vietnamese Cinnamon

Despite its success, Vietnam’s cinnamon industry has even greater potential. Investments in value-added products, such as cinnamon oils, powders, and extracts, are helping the industry evolve. By adopting sustainability practices and certified organic farming, Vietnam is addressing the growing global demand for ethically sourced and high-quality cinnamon.

With the global spice market expected to reach $27.4 billion USD by 2026, Vietnam is perfectly positioned to expand its share.


Partner with VietGlobal Export

At VietGlobal Export, we pride ourselves on being a trusted partner for cinnamon buyers worldwide. From sourcing premium-quality cassia cinnamon to offering competitive pricing, we ensure every product meets the highest international standards.

📩 Reach out today for the latest cinnamon prices and updates and discover how our products can elevate your business. Let’s work together to bring the exceptional quality of Vietnamese cinnamon to your market! 🌿

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