Sri Lanka Cinnamon 2023 Retail Prices
The retail price range for Sri Lanka cinnamon in September is between US$ 27.5 and US$ 56.9 per kilogram or between US$ 12.47 and US$ 25.8 per pound(lb). Click here to see today's prices of cinnamon in Sri Lanka
The retail price range in Sri Lanka Rupee for cinnamon is between LKR 8461.54 and LKR 17507.69 per kilogram or between LKR 3837.43 and LKR 7940 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2023, the approximate wholesale price range for Sri Lanka cinnamon is between US$ 19.25 and US$ 39.83 per kilogram or between US$ 8.73 and US$ 18.06 per pound(lb).
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Sri Lanka Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from Sri Lanka over the last five years has been quite volatile. In 2012, the price was 9.04 US dollars per kg, which dropped to 5.57 US dollars per kg in 2013. However, the price rose again in 2014 to 9.66 US dollars per kg and continued to increase to 9.74 US dollars per kg in 2015. The highest price was recorded in 2016 at 10.83 US dollars per kg, followed by a slight decrease to 10.25 US dollars per kg in 2019. The price then rose again to 11.03 US dollars per kg in 2020 and 13.15 US dollars per kg in 2021. Based on this data, it is predicted that the export price per kilogram of Cinnamon from Sri Lanka will be 14.07 US dollars per kg in 2023 and 15.09 US dollars per kg in 2024.The exports of cinnamon from Sri Lanka are classified as:
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- 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)
Sri Lanka Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into Sri Lanka over the last five years has been quite volatile. In 2017, the price was at its highest at $12.19, before dropping to $10.25 in 2019. However, the price has been steadily increasing since then, reaching $11.03 in 2020 and $13.15 in 2021. Based on this trend, it is likely that the import price per kilogram of Cinnamon into Sri Lanka will continue to increase in the coming years, with an estimated price of $14.27 in 2023 and $15.40 in 2024.Export values for Sri Lanka cinnamon
The total values in export for cinnamon in Sri Lanka were US$ 159,111, US$ 202,516, US$ 206,118 and US$ 173,115 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 Sri Lanka: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cloves, Nutmeg, Mace, Cardamom, Anise & Coriander seeds.
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Nutrition: cinnamon calories and other nutrition facts
Sri Lanka cinnamon - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka exported 16,903 tonnes of cinnamon. In 2019 alone, the market for Sri Lanka cinnamon (herbs and spices category) has shrunk, flactuating by -5.114 pc compared to the year 2018. Between 2017 and 2019, cinnamon's exports increased by 1.72 percent bringing the exporter US$173.12m for the year 2019. Sri Lanka's cinnamon exports are classified as:
- Cinnamon and cinnamon-tree flowers (excluding cinnamon "Cinnamomum zeylanicum Blume" and crushed and ground cinnamon) (HS code 090619)
- Crushed or ground cinnamon and cinnamon-tree flowers (HS code 090620)
- Cinnamon "Cinnamomum zeylanicum Blume" (excluding crushed and ground) (HS code 090611)
- Cinnamon and cinnamon-tree flowers (excluding crushed and ground) (HS code 090610)
- Cinnamon (incl flowers), not crushed, not ground (HS code 0906XX)
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Sri Lanka cinnamon export values
In 2019, Sri Lanka exported cinnamon valued at 173.12m USD, a decrease of -16.01% from 2018's total cinnamon export of 206.118m USD. The yearly change in value of Sri Lanka cinnamon between 2017 to 2018 was 1.779%.
The annual variation in the quantity of Sri Lanka's cinnamon exports between 2017 and 2019 was 1.72% when compared to a variation of -5.114% in the growth rate between 2018 and 2019.
Sri Lanka's stake of the world's total cinnamon's exports in 2019 was less than 1%. Sri Lanka is ranked position 73 in world exports of cinnamon.
Export markets for Sri Lanka cinnamon ( in '000$ )
Sri Lanka's leading export markets for cinnamon are Mexico, US, Peru, India and Colombia.
Import/Export Trends
Sri Lanka is a net importer of cinnamon. The annual growth of Sri Lanka cinnamon in value between 2015 to 2019 was 19%, per annum, while annual growth in quantity through the same period was %, per annum.
Sri Lanka imported 95 tonnes of cinnamon in 2019.
Production
The production of cinnamon in Sri Lanka was 124,105 tonnes in 2019 and is estimated to change by an average of 3.33%. The country had an estimated 169,620.00 hectares under cinnamon cultivation.