Vietnamese Cinnamon Exports Reach $249 Million: Logistics Sector Plays Key Role

According to the latest report from the Vietnam Pepper and Spice Association, import-export services for cinnamon recorded impressive results in the first 11 months of 2024, reaching a total turnover of $249.2 million with a volume of 90,270 tons, up 10.2% in volume and 3.9% in value year-over-year. This achievement has significant contributions from forwarder companies in optimizing supply chains and cross-border container shipping. #Vietnam Freight forwarder #international shipping companies #freight and logistics companies  

In November 2024 alone, cinnamon export services reached 10,754 tons, valued at $28.8 million, up 5.8% from the previous month. India and the United States continue to lead with import volumes of 4,429 tons and 1,253 tons respectively, accounting for 41.2% and 11.7% of market share. Logistics transportation companies have been continuously improving service quality to meet the increasing demands of these two major markets. #Vietnam Freight forwarder #international shipping companies #freight and logistics companies #freight and logistics services #shipping international

Cinnamon exports in 11 months of 2024 earned nearly $250 million

In maritime shipping, Prosi Thang Long maintains the leading position with 13,213 tons (14.6% market share), followed by Gia Vi Son Ha with 5,649 tons and Tuan Minh with 4,372 tons. These enterprises have built stable international transportation service networks, contributing to ensuring product quality throughout the shipping process.  

Entrusted export activities to the Indian market dominate with 31,829 tons (35.3%), followed by the US with 9,867 tons (10.9%) and Bangladesh with 7,536 tons (8.3%). This distribution requires import services and import entrustment services to have appropriate strategies to ensure stable supply for each market. #Vietnam Freight forwarder

To maintain growth momentum, forwarder companies are actively investing in technology and modern supply chain management systems. Optimizing transportation processes not only helps reduce logistics costs but also improves export service quality, meeting increasingly stringent international market standards. #Vietnam Freight forwarder

With positive market prospects, the cinnamon import-export service industry is forecast to continue strong growth in the coming period. International transportation service providers need to continue investing in capacity building and network expansion to capture opportunities from increasing global market demands. #Vietnam Freight forwarder

Success in cinnamon exports depends not only on product quality but also requires professionalism in logistics transportation services. Continuous improvement and enhancement of service quality will be key to helping Vietnam’s cinnamon industry continue to affirm its position in the international market. #Vietnam Freight forwarder