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Update news vietnam's cinnamon industry
According to the Việt Nam Pepper and Spice Association (VPSA), Việt Nam is the world’s largest cinnamon producer with a total plantation area of 180,000 ha and has become the world’s largest exporter of cinnamon products since 2021.
Asia is the largest cinnamon import market of Vietnam, with Indonesia and China representing the two major cinnamon suppliers to the Southeast Asian nation, reaching 148 tons and 54 tons, respectively.
The cinnamon sector needs to issue a reform strategy to keep Vietnam's position as the world’s biggest cinnamon exporter, which it has held since 2021.
With an export turnover reaching nearly US$300 million annually, Vietnam has become the leading exporter of cinnamon globally, heard a seminar held in Hanoi on November 15.
India, the United States, and Bangladesh were Vietnam’s three largest cinnamon export markets, accounting for 67.1% of the country’s total cinnamon exports during the first six months of the year.