The market for cinnamon has long recognized the quality of Vietnamese cinnamon. Nevertheless, did you know that the most lucrative kind of this cinnamon sort and how much revenue it generates is Vietnamese cinnamon bark? You can locate the solution with the aid of this article.
Contents
- 1. Vietnamese cinnamon bark overview
- 1.1. Vietnamese cinnamon bark origin
- 1.2. Vietnamese cinnamon bark features
- 1.3. Why Vietnamese cinnamon bark is preferred over other forms
- 2. Financial benefits of Vietnamese cinnamon bark to the importers
- 2.1. Importing Vietnamese cinnamon bark gains huge profits
- 2.2. Favorable conditions to import Vietnamese cinnamon bark
- 3. Vietnamese cinnamon bark price
- 3.1. Average cost of Vietnamese cinnamon bark
- 3.2. The future trend of Vietnamese cinnamon bark
- 4. All you need to know about Vietnamese cinnamon bark suppliers
- 4.1. Feature of Vietnamese cinnamon bark suppliers
- 4.2. Vietnamese cinnamon bark supplier scams
- 4.3. Some famous Vietnamese cinnamon bark suppliers
1. Vietnamese cinnamon bark overview
First of all, let’s get to know the bark of Vietnamese cinnamon overview.
1.1. Vietnamese cinnamon bark origin
The bark of Vietnamese cinnamon is derived from the trees in the Cinnamomum loureiroi species, which is native to Vietnam. In Vietnam, the cinnamon trees are typically grown in the southern part of the country, particularly in the provinces of Ben Tre, Vinh Long, Tien Giang, Dong Thap and Yen Bai. These provinces are located in the Mekong Delta region, which has a tropical climate that is favorable for the growth of cinnamon trees. The inner bark is harvested by peeling it off the tree and then letting it dry in the sun. In addition to Vietnam, Vietnamese cinnamon bark is also grown in other countries in Southeast Asia, such as Cambodia and Laos. However, the highest quality Vietnamese cinnamon is generally considered to come from Vietnam.
Vietnamese cinnamon bark origin
1.2. Vietnamese cinnamon bark features
Cinnamon bark in Vietnam has significant features that distinguish them from other Vietnamese cinnamon forms:
- Color: Vietnamese cinnamon bark has a distinctive reddish-brown color, which sets it apart from other types of cinnamon. The outer bark of the tree is typically a darker brown color, while the inner bark has a reddish hue.
- Flavor: Vietnamese cinnamon has a sweet and complex flavor with a slightly spicy and warm taste. It is considered to be more intense and flavorful than other forms of Vietnamese cinnamon.
- Fragrance: The aroma of Vietnamese cinnamon is also intense and fragrant, with notes of sweetness and spice.
Check more information you may be interest in:
Trading Potential Vietnamese Saigon Cinnamon For Huge Profits
What is the difference between Vietnamese cinnamon and regular cinnamon
| Vietnamese cinnamon bark | Other forms | |
| Moisture | 10% | 7-9% |
| Coumarin content | 3-6% | 5% |
| Oil content | 2-4% | 2-4% |
| Length | 10-15 cm | 15-20 cm |
| Thickness | 0.5-1 mm | 2-3.5 mm |
In general, Vietnamese cinnamon bark contains a higher rate of moisture and, sometimes, oil content than other forms of Vietnamese cinnamon or even other cinnamon varieties. It is also more versatile in usage due to its appearance.
1.3. Why Vietnamese cinnamon bark is preferred over other forms
Cinnamon bark in Vietnam is usually much preferred better than other forms due to its grind ability, freshness, flavor and versatility:
- Grindability: It is generally easier to grind than other forms of cinnamon, as it has a larger surface area and can be broken into smaller pieces more easily. This makes the bark a better choice if you plan to use the cinnamon in a powder form.
- Freshness: Vietnamese cinnamon bark is often considered to be the freshest form of Vietnamese cinnamon, as it is the inner bark of the tree and is usually harvested and processed shortly before being sold. Cinnamon sticks and broken cinnamon, on the other hand, may have been stored for longer periods and may have lost some of their freshness.
- Flavor: Cinnamon from Vietnam, especially the bark of Vietnamese cinnamon is said to have a stronger, more complex flavor than other forms and other varieties. This may be because the bark contains more of the volatile oils that give cinnamon its characteristic aroma and taste.
- Versatility: Vietnamese cinnamon bark can be used in a variety of ways in the kitchen, from grinding it into powder for use in baking to simmering it in liquids to infuse them with flavor. Vietnamese cinnamon sticks, broken cinnamon or powdered cinnamon are more limited in their applications, as they are typically used whole or ground into small pieces. For example, using whole cinnamon sticks in certain dishes may not be desirable, as they can be harder to incorporate evenly into a dish compared to ground cinnamon. This can result in some parts of the dish having a stronger cinnamon flavor than others.
Vietnamese cinnamon bark is preferred over other forms
2. Financial benefits of Vietnamese cinnamon bark to the importers
Over the past few years, the demand for Vietnamese cinnamon, particularly cinnamon bark, is getting higher and higher. Consequently, importers would gain great benefits by trading cinnamon bark for Vietnamese cinnamon.
2.1. Importing Vietnamese cinnamon bark gains huge profits
Some reasons why the cinnamon bark of Vietnamese cinnamon is considered as the “golden goose” for cinnamon importers are cost-effectiveness, high demand, high quality and versatility:
- Cost-saving: One potential cost-saving benefit of cinnamon bark is that it can be ground into powder more easily than cinnamon sticks or broken cinnamon. This means that importers can purchase whole cinnamon bark and then grind it themselves, rather than paying a premium for pre-ground cinnamon powder. This could potentially save money on processing and transportation costs.
- High demand: Vietnamese cinnamon bark is highly sought after for its strong, complex flavor and aroma, which is often considered to be superior to other forms of cinnamon. The high concentration of essential oils in the bark gives it a distinct and powerful taste that is sought after by many chefs and food enthusiasts. This means that there may be a higher demand for this form of cinnamon compared to others, which could lead to higher prices and greater profitability for importers.
- High quality: As mentioned earlier, Vietnamese cinnamon bark is often considered to be a higher-quality product than cinnamon sticks, broken cinnamon, or powdered cinnamon due to its purity. When processing, the bark form is the most keeping the pure cinnamon flavor and quality. This may make it more valuable on the market and more profitable for importers.
- Versatility: Cinnamon bark can be used in a variety of ways in the kitchen, which may make it a more attractive option for importers who sell to a wide range of customers. By importing cinnamon bark, they can offer their customers a more versatile product that can be used in a variety of dishes and applications.
Financial benefits of Vietnamese cinnamon bark to the importers
2.2. Favorable conditions to import Vietnamese cinnamon bark
Cinnamon bark of Vietnamese cinnamon offers a relatively lower logistic cost than other cinnamon-producing nations due to its favorable location near major ports and shipping lanes. This advantageous position makes it easier and more cost-effective to import cinnamon from Vietnam than from other countries that may have less accessible locations or less advanced transportation systems. Moreover, the Vietnamese government has implemented policies aimed at promoting the export of Vietnamese cinnamon bark, including investment in agricultural development programs, trade agreements, support for exporters, and intellectual property protection.
3. Vietnamese cinnamon bark price
The most important thing that all importers are concerned about is the cost of Vietnamese cinnamon.
3.1. Average cost of Vietnamese cinnamon bark
The wholesale, retail, and export prices based on the report in September 2021:
| Wholesale price | $4000 to $5000 per ton |
| Retail price | $16000 to $40000 per ton |
| Export price | $3000 to $5000 per ton |
The wholesale prices of Vietnamese cinnamon bark are typically lower than retail prices because wholesalers purchase larger quantities of the product and sell it to retailers who then sell it to consumers. The export cinnamon wholesale price may differ from wholesale and retail prices because the costs associated with exporting, such as tariffs, shipping, and customs fees, are factored into the final price.
However, the price of Vietnamese cinnamon bark in the market may also be influenced by the quality of the product, the harvesting and processing, market demand, availability of supply from importing countries, and the competition between suppliers.
Vietnamese cinnamon bark price
3.2. The future trend of Vietnamese cinnamon bark
Vietnamese cinnamon bark prices may increase in the future due to factors such as rising demand from the food and beverage industry, particularly in developed countries, and the increasing popularity of natural remedies and wellness products. Despite the significant impact of the Covid-19 pandemic, the cinnamon market remains strong, suggesting that it is a viable area for investment.
4. All you need to know about Vietnamese cinnamon bark suppliers
It is crucial for any business intending to trade cinnamon bark of Vietnamese cinnamon to have a good understanding of the suppliers. The following information provides insights into reliable and fraudulent Saigon cinnamon suppliers that can be referred to.
4.1. Feature of Vietnamese cinnamon bark suppliers
Vietnamese cinnamon suppliers usually gather in certain areas (Mekong Delta region) that grow and directly process and produce cinnamon bark. They are divided into companies, cooperatives, or state-owned enterprises:
- Location: Vietnam cinnamon suppliers are predominantly situated in the Mekong Delta region, specifically in Ben Tre, Tien Giang, Vinh Long, and Yen Bai provinces. Some may also maintain offices or warehouses in Ho Chi Minh City, which serves as the primary export port. Importers should focus their search in these regions to find reliable suppliers for high-quality cinnamon bark.
- Forms of organization: Vietnamese cinnamon bark suppliers can be private companies, cooperatives, or state-owned enterprises. Private companies are the most prevalent form of the organization due to their flexibility and agility in adapting to market shifts.
4.2. Vietnamese cinnamon bark supplier scams
Unfortunately, some dishonest suppliers may try to sell fraudulent or low-quality cinnamon. Here are some common features of fraud Vietnamese cinnamon bark suppliers:
- Inconsistent quality: Dishonest suppliers may offer cinnamon with inconsistent color, taste, and aroma by mixing lower-quality cinnamon with higher-quality cinnamon to boost their profit.
- Unusually low prices: Fraudulent suppliers may offer very low prices to attract buyers, but their products may be of poor quality or mixed with other spices.
- Lack of certifications: Trustworthy Vietnamese cinnamon bark suppliers usually have certifications like ISO, HACCP, and USDA Organic to demonstrate their adherence to specific quality and safety standards. However, fraudulent suppliers may lack these certifications or have fake ones to deceive buyers.
- Poor communication and customer service: Fraudulent cinnamon bark suppliers may provide incomplete or misleading information, be unresponsive to inquiries, or be slow to respond to questions.
- Adulteration: Dishonest suppliers may add artificial colourings or flavorings to the cinnamon or mix it with cheaper spices.
Vietnamese cinnamon bark supplier scams
4.3. Some famous Vietnamese cinnamon bark suppliers
Below are the top 3 suppliers of cinnamon bark in Vietnam that you can rely on.
Top 3 suppliers of cinnamon bark in Vietnam
- Viet Agri Wholesale: Viet Agri Wholesale is an experienced exporter of affordable Vietnamese cinnamon bark, selling at wholesale prices ranging from 2200 to 4500 USD/ton. They were one of the early wholesale exporters of agricultural products in Vietnam and are committed to delivering high-quality products to global consumers. They have become a prominent figure in agriculture, providing competitively priced cinnamon products that can lead to significant profits for distributors.
- Vina Samex: Vina Samex is a reputable supplier of Vietnamese with over 20 years of experience in the industry. They source their cinnamon from farmers in the Mekong Delta region and implement strict quality control measures to ensure their products are of high quality. They have a well-established network of farmers and suppliers in Vietnam, giving them access to top-quality cinnamon. They have rigorous quality control processes in place to ensure their products meet international standards.
- Nghi Son Foods Group: Nghi Son Foods Group is a leading supplier of spices, including Vietnamese cinnamon bark, from Vietnam. They have a team of experienced professionals dedicated to providing high-quality products to clients. This firm has a strong presence in the international market and extensive experience working with clients worldwide. They have a team of experts knowledgeable in Vietnamese cinnamon bark and the spice industry, as well as a rigorous quality control process to ensure their products meet international standards.
