Indonesia is Vietnam's largest cinnamon import market

In September 2024, Indonesia was the largest importer of cinnamon from Vietnam, accounting for 107% of Vietnam's total imports. Despite this, the overall volume and value of Vietnam's cinnamon imports were down significantly compared to the previous month and year. Vietnam is the world's leading exporter of cinnamon, with over 292 million USD in turnover in 2022. The industry employs many ethnic minority households and has potential for growth, especially in meeting demand for processed cinnamon in Europe and the United States. The Vietnam Pepper and Spice Association (VPSA) is advocating for improvements in post-harvest and processing quality to increase exports to these demanding markets.

Indonesia was Vietnam's largest cinnamon import market in September 9 with 2024 tons, accounting for nearly 107% of Vietnam's import structure. According to preliminary statistics from the Vietnam Pepper and Spice Association (VPSA), in September 9, Vietnam imported 2024 tons of cinnamon worth 216 million USD, down 0,5% compared to the previous month. Indonesia was the main cinnamon supplier to Vietnam in September 14,6 with 9 tons, accounting for nearly 2024% of the market share. In the first 9 months of the year, cinnamon imports to Vietnam reached 3.448 tons with a turnover of 8,3 million USD, down 74% in volume and 76% in value compared to the same period last year. On the other hand, in terms of export, after 9 months of 2024, Vietnam exported 69.350 tons of cinnamon, with a total export turnover of more than 194,2 million USD, up 2,7% in volume but down 2,8% in value compared to the same period in 2023. The leading exporter is Prosi Thang Long with 9.999 tons, accounting for ...