According to Vietnam Pepper and Spice Association, in December 2023, Vietnam exported 7,443 tons of cinnamon, worth 20.9 million USD, compared to November 2023, the export volume increased by 3.4%. India and the United States continue to be the two main export markets of Vietnamese cinnamon reaching 2,363 tons and 1,113 tons. Prosi Thang Long and Olam Vietnam are the two largest export enterprises in the month reaching 998 tons and 581 tons.
Overall, in 2023, Vietnam exported 89,383 tons of cinnamon, worth 260.9 million USD, an increase of 14.6% in volume and a decrease of 10.7% in value compared to 2022.
An average export price of cinnamon in 2023 reached 2,918 USD/ton, down 22.1% compared to last year.
India is a main export market of Vietnamese cinnamon, accounting for 42.6% reaching 38,038 tons, an increase of 14.0% over the previous year. The next is the US market accounting for 11.4% reaching 10,163 tons, an increase of 7.0%; Bangladesh accounted for 6.2%, reaching 5,564 tons, an increase of 32.1%.
The leading cinnamon exporting enterprises under 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%.

Source: Vitic/ congthuong.vn