What is the price of cinnamon per kilogram/pound in South Korea today?
The retail price range for South Korea cinnamon is between US$ 3.33 and US$ 6.18 per kilogram or between US$ 1.51 and US$ 2.80 per pound(lb). Click here to see today's exact prices of cinnamon in South Korea
The retail price range in South Korean won for cinnamon is between KRW 4,439.40 and KRW 8,244.60 per kilogram or between KRW 2,013.33 and KRW 3,739.05 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea cinnamon is between US$ 2.33 and US$ 4.33 per kilogram or between US$ 1.06 and US$ 1.96 per pound(lb).
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South Korea Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from South Korea has seen a steady increase over the last five years. In 2017, the price was 3.50 US dollars per kilogram, and by 2021, it had risen to 7.79 US dollars per kilogram. The highest price was recorded in 2020, at 6.42 US dollars per kilogram. The latest figures show that the price has further increased to 7.79 US dollars per kilogram in 2021. Based on this trend, it is predicted that the export price per kilogram of Cinnamon from South Korea will be around 11.67 US dollars in 2022 and could reach 12.50 US dollars in 2023 and 13.50 US dollars in 2024.The South Korea cinnamon exports are categorised as:
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
South Korea Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into South Korea has seen a steady increase over the last five years. In 2017, the price was 3.50 US dollars per kg, and this increased to 5.73 US dollars per kg in 2019. The highest price was recorded in 2021, when it reached 7.79 US dollars per kg. The most recent data shows that the price has further increased to 6.42 US dollars per kg in 2020. Based on this trend, it is predicted that the import price per kilogram of Cinnamon into South Korea will reach 8.45 US dollars per kg in 2023 and 10.20 US dollars per kg in 2024.Export values for South Korea cinnamon
The total values in export for cinnamon in South Korea were US$ 10, US$ 14, US$ 34 and US$ 149 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in South Korea: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
See prices of cinnamon in other countries across Asia: Kazakhstan cinnamon, Kyrgyzstan cinnamon, Tajikistan cinnamon, Turkmenistan cinnamon, Uzbekistan cinnamon, China cinnamon, Hong Kong cinnamon, Macao cinnamon, North Korea cinnamon & Mongolia cinnamon.
South Korea cinnamon - Production, Exports, Imports, Seasons and HS Codes
The amount of cinnamon shipped by South Korea in 2020 was 12 metric tons. In 2019 South Korea shipped 26 tonnes of cinnamon. In 2019 alone, the market for South Korea cinnamon (herbs and spices category) has improved, changing by 136.364 % compared to the year 2018. Between 2017 and 2019, cinnamon's exports increased by 550% bringing the exporter US$0.15m for the year 2019. South Korea's cinnamon exports are classified as:
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
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South Korea cinnamon export values
In 2019, South Korea shipped cinnamon costing 0.15m USD, an improvement of 341.18% from 2018's total cinnamon export of 0.034m USD. The annual growth in value of South Korea cinnamon between 2017 to 2018 was 142.857%.
The yearly change in the quantity of South Korea's cinnamon exports between 2017 and 2019 was 550 per cent in comparison to a variation of 136.364% in the period between 2018 and 2019.
South Korea's portion of the world's total cinnamon's exports in 2019 was 3.7 per cent. The country is ranked position 5 in world exports of cinnamon.
Export markets for South Korea cinnamon ( in '000$ )
South Korea's leading destinations for cinnamon are US, Vietnam, Argentina, Saudi Arabia and Singapore.
Import/Export Trends
South Korea is a net importer of cinnamon. The annual growth of South Korea cinnamon in value between 2015 to 2019 was 6%, per year, while annual growth in quantity was 5%, per annum.
South Korea purchased 2,781 tonnes of cinnamon in 2019.