Cinnamon Crushed or Ground - Price and Quantitiy Values by Year from 2000 to 2007

2.3.3      Cinnamon Crushed or Ground - Price and Quantitiy Values by Year from 2000 to 2007

 2.3.3.1    Product Specifications

Scientific name:

Cinnamomum zeylanicum 

Plant part used:

Bark of plant, flowers

HS Code:

090620000

SITC Code:

075230000

2.3.3.2    Analysis 

The plant’s barks and flowers need to be processed before the product is to be ready to be used. Imports of this item were mainly utilized by the food industry or for its medicinal value. The total values imported reach its peak in year 2003 amounting to RM1.1109 million with a correspondingly quantity of 300,745 kg. These values increased at the initial stage but declined after year 2003. The probable causes for the receding demand for the product may be due to high unit cost and the availability of alternative raw material for the same uses. The highest unit cost per kg for the product was in year 2005 at RM20.98.

 

Table 6: Summary of import values and quantities

7

 

Figure 6: Malaysia’s import 2000 – 2007 for cinnamon crushed or Ground

8

 

Figure 7: Imported cinnamon crushed or ground Price Trend 2000 – 2007

9