Cinnamon Price Trend and Forecast 2026-2027

Cinnamon prices in Sri Lanka, the highest-cost reporting region, rose 2.4% in Q3 2026 to USD 8,700/MT from USD 8,500/MT in Q2, as origin prices firmed with strong spice markets across Asia, including small cardamom at INR 3,000 to 3,250 per kilogram, and steady retail, bakery, and beverage demand lifted prices modestly. Germany prices rose 1.8% to USD 5,650/MT, while Indonesia prices rose 2.4% to USD 4,250/MT. Globally, the average rose from USD 5,969/MT in Q2 to USD 6,097/MT in Q3, a 2.1% gain, following a gain of 2.2% in Q2. For H2 2026, this market is expected to stay firm, with strong spice prices and steady demand supporting cassia and Ceylon cinnamon.

Cinnamon is the dried inner bark of Cinnamomum trees, sold as true or Ceylon cinnamon from Cinnamomum verum in Sri Lanka and as cassia cinnamon from Cinnamomum cassia and related species in Indonesia, China, and Vietnam, in quills, sticks, and powder. It is used in baking, beverages, desserts, spice blends, savory dishes, and confectionery, and in flavors, fragrances, and traditional remedies. Because supply depends on tree bark harvests and weather in Sri Lanka, Indonesia, Vietnam, and China, this market follows crop size, quality grading, and regulation of coumarin in cassia cinnamon. Harvest size and weather, bakery, beverage, and spice demand, and coumarin regulation are what drive prices in this market.

Cinnamon Price Forecast for 2026

The outlook for Cinnamon through the end of 2026 stays firm. Spice prices are strengthening across Asia, demand from bakery and beverage users is steady, and attention to coumarin supports Ceylon cinnamon, though larger harvests could cap gains. Buyers are expected to keep procurement plans flexible, tracking feedstock and freight conditions closely through the fourth quarter.

The main upside risk is weather-reduced harvests or stricter coumarin rules. The main downside risk is larger harvests and weaker food demand. Contract negotiations for the coming months are likely to hinge on how feedstock costs and demand evolve. Buyers are expected to keep procurement plans flexible, tracking feedstock and freight conditions closely through the fourth quarter.

For the Quarter Ending September 2026

Cinnamon Prices Q3 2026:

• Indonesia: USD 4,250/MT
• Sri Lanka: USD 8,700/MT
• Germany: USD 5,650/MT
• United States: USD 5,860/MT

Cinnamon Prices in Indonesia

Indonesia Cinnamon prices averaged USD 4,250/MT in Q3 2026, the lowest of the four regions, up 2.4% from USD 4,150/MT in Q2, as steady cassia exports and firm spice prices lifted prices modestly. Buyers continued to absorb the higher offers, with procurement activity staying steady through September and inventories remaining broadly balanced across the supply chain.

Why did the price of Cinnamon change in Q3 2026 in Indonesia?

Indonesian cassia exporters raised offers modestly as spice prices strengthened across Asia, including small cardamom at INR 3,000 to 3,250 per kilogram, and demand from the Americas and Europe stayed steady. Buyers covered needs selectively as offers adjusted to weekly movements. Market participants continued to monitor feedstock and freight conditions closely for signs of the next directional move.

Cinnamon Prices in Sri Lanka

Sri Lanka Cinnamon prices averaged USD 8,700/MT in Q3 2026, the highest of any region tracked here, up 2.4% from USD 8,500/MT in Q2, as premium Ceylon demand and limited high-quality supply kept prices the highest. Converters and distributors kept order books active through the quarter, accepting the firmer quotations rather than delaying purchases into the fourth quarter.

Why did the price of Cinnamon change in Q3 2026 in Sri Lanka?

Sri Lankan Ceylon cinnamon prices rose as demand for true cinnamon, favored for its lower coumarin content, stayed firm and high-grade quills remained limited. Buyers covered needs selectively as offers adjusted to weekly movements. These conditions were widely expected to remain a key factor shaping offers and procurement planning into the fourth quarter. Regional supply and demand balances continued to evolve as the quarter progressed, keeping price discovery active.

Cinnamon Prices in Germany

Germany Cinnamon prices averaged USD 5,650/MT in Q3 2026, up 1.8% from USD 5,550/MT in Q2, as steady food industry demand lifted import prices. Suppliers held offers firm while spot availability stayed limited, which kept sentiment constructive heading into the final quarter of the year. These conditions were widely expected to remain a key factor shaping offers and procurement planning into the fourth quarter.

Why did the price of Cinnamon change in Q3 2026 in Germany?

German spice processors and bakers paid more as origin prices firmed, and regulatory attention to coumarin kept demand for Ceylon cinnamon high. Buyers covered needs selectively as offers adjusted to weekly movements. Market participants continued to monitor feedstock and freight conditions closely for signs of the next directional move. These conditions were widely expected to remain a key factor shaping offers and procurement planning into the fourth quarter.

Cinnamon Prices in United States

United States Cinnamon prices averaged USD 5,860/MT in Q3 2026, up 1.9% from USD 5,750/MT in Q2, as retail and foodservice demand lifted import prices. Contract negotiations for the fourth quarter opened with sellers seeking further increases, reflecting the tighter cost structure that producers faced through the period. Regional supply and demand balances continued to evolve as the quarter progressed, keeping price discovery active.

Why did the price of Cinnamon change in Q3 2026 in United States?

US importers paid more as origin prices firmed, with strong demand from the retail spice, bakery, and beverage sectors. Buyers covered needs selectively as offers adjusted to weekly movements. Regional supply and demand balances continued to evolve as the quarter progressed, keeping price discovery active. Market participants continued to monitor feedstock and freight conditions closely for signs of the next directional move.

For the Quarter Ending June 2026

Cinnamon Prices Q2 2026:

• Indonesia: USD 4,150/MT
• Sri Lanka: USD 8,500/MT
• Germany: USD 5,550/MT
• United States: USD 5,750/MT

Cinnamon Prices in Indonesia

Indonesia prices rose 2.5% in Q2 2026 to USD 4,150/MT from USD 4,050/MT in Q1, the lowest of the four regions, as steady demand lifted prices modestly. Quarter-end offers reflected the elevated cost base carried over from the first quarter, with demand holding firm and sellers reluctant to concede ground through June. These conditions were widely expected to remain a key factor shaping offers and procurement planning into the fourth quarter.

Why did the price of Cinnamon change in Q2 2026 in Indonesia?

In Q2, prices rose modestly as spice prices strengthened across the sector. Indonesian prices rose modestly on steady demand. These conditions were widely expected to remain a key factor shaping offers and procurement planning into the fourth quarter. Regional supply and demand balances continued to evolve as the quarter progressed, keeping price discovery active. Market participants continued to monitor feedstock and freight conditions closely for signs of the next directional move.

Cinnamon Prices in Sri Lanka

Sri Lanka prices rose 2.4% in Q2 2026 to USD 8,500/MT from USD 8,300/MT in Q1, the highest of any region tracked here, as steady demand lifted prices modestly. Quarter-end offers reflected the elevated cost base carried over from the first quarter, with demand holding firm and sellers reluctant to concede ground through June. Regional supply and demand balances continued to evolve as the quarter progressed, keeping price discovery active.

Why did the price of Cinnamon change in Q2 2026 in Sri Lanka?

In Q2, prices rose modestly as spice prices strengthened across the sector. Sri Lankan prices rose modestly on steady demand. These conditions were widely expected to remain a key factor shaping offers and procurement planning into the fourth quarter. Regional supply and demand balances continued to evolve as the quarter progressed, keeping price discovery active.

Cinnamon Prices in Germany

Germany prices rose 1.8% in Q2 2026 to USD 5,550/MT from USD 5,450/MT in Q1, within the middle of the range tracked here, as steady demand lifted prices modestly. Quarter-end offers reflected the elevated cost base carried over from the first quarter, with demand holding firm and sellers reluctant to concede ground through June. Market participants continued to monitor feedstock and freight conditions closely for signs of the next directional move.

Why did the price of Cinnamon change in Q2 2026 in Germany?

In Q2, prices rose modestly as spice prices strengthened across the sector. German prices rose modestly on steady demand. Market participants continued to monitor feedstock and freight conditions closely for signs of the next directional move. These conditions were widely expected to remain a key factor shaping offers and procurement planning into the fourth quarter.

Cinnamon Prices in United States

United States prices rose 1.8% in Q2 2026 to USD 5,750/MT from USD 5,650/MT in Q1, within the middle of the range tracked here, as steady demand lifted prices modestly. Quarter-end offers reflected the elevated cost base carried over from the first quarter, with demand holding firm and sellers reluctant to concede ground through June.

Why did the price of Cinnamon change in Q2 2026 in United States?

In Q2, prices rose modestly as spice prices strengthened across the sector. US prices rose modestly on steady demand. Regional supply and demand balances continued to evolve as the quarter progressed, keeping price discovery active. Market participants continued to monitor feedstock and freight conditions closely for signs of the next directional move. These conditions were widely expected to remain a key factor shaping offers and procurement planning into the fourth quarter.

Quarterly Cinnamon Price Trends

Global Cinnamon prices eased through 2025 on ample supply, then rose gradually through 2026 as spice prices strengthened across Asia and demand stayed steady across the regions tracked in this report. Market participants continued to monitor feedstock and freight conditions closely for signs of the next directional move. These conditions were widely expected to remain a key factor shaping offers and procurement planning into the fourth quarter.

What was Cinnamon Price in 2025?

Cinnamon eased across the markets covered in this report through 2025, tracking ample supply and softer demand, with the strongest annual move recorded in United States before the firmer Q1 2026 and the Q3 2026 developments that followed. Regional supply and demand balances continued to evolve as the quarter progressed, keeping price discovery active. Market participants continued to monitor feedstock and freight conditions closely for signs of the next directional move.

Cinnamon Prices in Indonesia in 2025

Indonesia prices eased from about USD 4,000/MT in Q1 2025 to USD 3,950/MT by Q4, a decline of roughly 1.3%, the smallest annual move of the four regions. Ample supply and softer demand weighed on pricing through the year. Buyers and sellers tracked ample supply and softer demand closely through the year, and the pattern left this market positioned for the firmer Q1 2026 that followed.

Cinnamon Prices in Sri Lanka in 2025

Sri Lanka prices eased from about USD 8,200/MT in Q1 2025 to USD 8,100/MT by Q4, a decline of roughly 1.2%. Ample supply and softer demand weighed on pricing through the year. Buyers and sellers tracked ample supply and softer demand closely through the year, and the pattern left this market positioned for the firmer Q1 2026 that followed.

Cinnamon Prices in Germany in 2025

Germany prices eased from about USD 5,400/MT in Q1 2025 to USD 5,350/MT by Q4, a decline of roughly 0.9%. Ample supply and softer demand weighed on pricing through the year. Buyers and sellers tracked ample supply and softer demand closely through the year, and the pattern left this market positioned for the firmer Q1 2026 that followed.

Cinnamon Prices in United States in 2025

United States prices eased from about USD 5,600/MT in Q1 2025 to USD 5,550/MT by Q4, a decline of roughly 0.9%, the strongest annual move of the four regions. Ample supply and softer demand weighed on pricing through the year. Buyers and sellers tracked ample supply and softer demand closely through the year, and the pattern left this market positioned for the firmer Q1 2026 that followed.

How We Can Help

Expert Market Research: Your Source for Real-Time Cinnamon Price Intelligence

Expert Market Research tracks Cinnamon prices continuously across every major producing and consuming region, combining harvest and weather data, bakery and spice demand signals, and coumarin regulation trends into a single, regularly updated view of the market. Our team can help your procurement function benchmark current offers, plan purchases around the trends covered in this report, and build a defensible view of where this bark spice is headed next. Reach out to our team for a tailored briefing or a deeper look at any of the regional markets covered here.