Wholesale cinnamon sticks are prevalent in various aspects of our daily lives. Therefore, they are an ideal product for importing and wholesaling.
An introduction to wholesale cinnamon sticks
First of all, buyers should understand what wholesale cinnamon sticks are, their features, and major clients.
Definition and characteristics
Wholesale cinnamon sticks are a product of the cinnamon tree, made from its inner barks. After the rough outer layer is scraped off, the soft inner bark will be washed and chopped into smaller pieces of 15-20 cm in length. After drying, they will curl to form sticks whose diameter is from 1 to 2 cm.
Wholesale cinnamon sticks are commonly distributed in large batches to importers, retailers, and shop owners. Buying cinnamon sticks in bulk helps buyers get a lower price and more discounts.
A batch of wholesale cinnamon sticks has a moisture index of less than 12%. However, the realistic figure ranges from 13% to 13.5%. Cinnamon sticks’ essential oil content is from 2 to 4%.
Biggest importers of wholesale cinnamon sticks
Most of the major cinnamon importers come from Asia and America. They accounted for about 71% of the world’s import value.
On the market, there are two varieties of cinnamon, namely Cassia and Ceylon, and they are distributed in different regions as well. A lot of Asian, European, and North American countries prefer Cassia wholesale cinnamon sticks due to their affordability and large supply. Meanwhile, Central and Southern America choose Ceylon.
Main exporters of wholesale cinnamon sticks
The four largest providers of wholesale cinnamon sticks in 2019 were Indonesia, Vietnam, China, and Sri Lanka, with Indonesia having the largest output of all. The first three countries are suppliers of Cassia cinnamon, while Sri Lanka dominated the provision of Ceylon cinnamon.
Elements that cause price changes of wholesale cinnamon sticks
Wholesale cinnamon sticks can experience an increase or decline in their price due to the following reasons:
- Supply: UNData predicts that global cinnamon production will continue to rise, and the market will develop at a compound annual growth rate of 2.21%. This means that the cinnamon supply will be steady, stabilizing its price.
- Demands: Consumers are increasingly aware of the positive influences of using wholesale cinnamon sticks. Therefore, their demand has been growing, showing that customers will pay for a product that they deem worthy.
- Unexpected incidents and climate change: A pandemic, together with storms, piracy, and terrorism, can disrupt and delay shipments. Also, unfavorable weather negatively impacts crop yields and can lead to a higher price.
- Governmental policies: Governments can reduce taxes, tariffs, and other legal barriers by signing trade agreements with other countries and international institutions. For example, the European Union – Vietnam Free Trade Agreement has removed 99% of tariffs, enabling importers to buy wholesale cinnamon sticks at a lower price.
Top 3 exporters of wholesale cinnamon sticks
The three prestigious companies below are trusted partners of importers and buyers due to their fine supplies of wholesale cinnamon sticks and excellent customer support service.
Established in 1996, K-Agriculture has long been known as a pioneering company in exporting Vietnamese cinnamon products. It has clients from Asia, Africa, as well as America and Europe, who praise the quality of its wholesale cinnamon sticks and clearly-defined price policy.
Contact K-Agriculture and start talking to them about wholesale cinnamon sticks:
- Phone: +84855 555 837 (Available on Whatsapp)
- Email: email@example.com
- Website: k-agriculture.com
- Business Site: https://k-agriculture.business.site/
Rempah Sari (Indonesia)
Rempah Sari is one of the most popular cinnamon exporters in Indonesia. It is known for having exported high-quality batches of Cassia wholesale cinnamon sticks.
Jining Sunagro Trade (China)
From a small business, Jining Sunagro Trade Co., Ltd. has developed into a large company specializing in exporting various agricultural products. Its wholesale cinnamon sticks receive certificates from ETI, SGS, and GRASP.