What is the price of cinnamon per kilogram/pound in Malaysia today, November 27th?
The retail price range for Malaysia cinnamon is between US$ 6 and US$ 6 per kilogram or between US$ 2.72 and US$ 2.72 per pound(lb). Click here to see today's exact prices of cinnamon in Malaysia
The retail price range in Malaysian Ringgit for cinnamon is between MYR 27.22 and MYR 27.22 per kilogram or between MYR 12.35 and MYR 12.35 per pound(lb) in Kuala Lumpur and George Town.
In 2023, the approximate wholesale price range for Malaysia cinnamon is between US$ 4.31 and US$ 4.47 per kilogram or between US$ 1.96 and US$ 2.03 per pound(lb).
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Malaysia Cinnamon Export Prices - Historical, Trends and Prediction
In the years 2015, 2016, 2017, 2018 and 2019, the export prices of Cinnamon from Malaysia per Kg were US$ 1.59, US$ 2.73, US$ 2.20, US$ 3.39 and US$ 2.94 respectively. For the year 2021, the export price was US$ 4.69 per Kg. It is difficult to predict the export price for the year 2023, as it is still two years away.
The Malaysia cinnamon exports are categorised as:
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- 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 "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
Malaysia Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into Malaysia over the last five years has been quite varied. In 2017, the price was 4.12 US dollars per kilogram, followed by a significant increase to 7.11 US dollars per kilogram in 2018. The price then dropped to 6.2 US dollars per kilogram in 2019, before rising again to 9.8 US dollars per kilogram in 2020. The most recent data shows that the price has dropped to 6.77 US dollars per kilogram in 2021. Based on this data, it is likely that the price of Cinnamon imported into Malaysia will remain around the 6.77 US dollars per kilogram mark in 2022. For 2023 and 2024, it is predicted that the price of Cinnamon imported into Malaysia will remain relatively stable, with a slight increase to around 7.00 US dollars per kilogram.
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Export values for Malaysia cinnamon
The total values in export for cinnamon in Malaysia were US$ 735, US$ 1,236, US$ 930 and US$ 1,073 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.