Turkey Cinnamon 2023 Retail Prices
The retail price range for Turkey cinnamon in October is between US$ 7.21 and US$ 16.95 per kilogram or between US$ 3.27 and US$ 7.69 per pound(lb). Click here to see today's prices of cinnamon in Turkey
The retail price range in Turkish Lira for cinnamon is between TRY 142.83 and TRY 335.78 per kilogram or between TRY 64.77 and TRY 152.28 per pound(lb) in Ankara and Istanbul.
In 2023, the approximate wholesale price range for Turkey cinnamon is between US$ 5.05 and US$ 11.87 per kilogram or between US$ 2.29 and US$ 5.38 per pound(lb).
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Turkey Cinnamon Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cinnamon from Turkey over the last five years has seen a steady decline. In 2017, the price was 5.73 US dollars per kilogram, and in 2020, it dropped to 4.59 US dollars per kilogram. This year, 2021, the price has increased slightly to 5.14 US dollars per kilogram. Looking ahead, we predict that the export price of Cinnamon from Turkey will remain relatively stable, with an estimated price of 7.55 US dollars per kilogram in 2022, and 6.16 US dollars per kilogram in 2023 and 2024.
The exports of cinnamon from Turkey are classified as:
- 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 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)
Turkey Cinnamon Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cinnamon into Turkey over the last five years has been quite volatile. In 2017, the price was 5.73 US dollars per kg, followed by a slight increase to 6.16 US dollars per kg in 2018. However, in 2019, the price dropped to 4.58 US dollars per kg, and then remained relatively stable at 4.59 US dollars per kg in 2020. In 2021, the price rose to 5.14 US dollars per kg, and then increased significantly to 7.55 US dollars per kg in 2022.
Based on the data, it is likely that the import price per kilogram of Cinnamon into Turkey will remain relatively stable in 2023, at around 7.55 US dollars per kg. In 2024, the price is expected to increase slightly, to around 7.75 US dollars per kg.
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Export values for Turkey cinnamon
The total values in export for cinnamon in Turkey were US$ 203, US$ 189, US$ 265 and US$ 267 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.