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

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

3.6.3.1 Overview

 

Scientific name:

Cinnamomum zeylanicum

Plant part used:

Bark of plant, flowers

HS Code:

090620000

SITC Code:

075230000

3.6.3.2 Analysis 

The profile for quantities of the product exported was inconsistent and the values streched from 50,285 kg to 135,257 kg during the observed period of year 2000 to 2007. Export revenues which ranged from RM484,460 to RM1,25,1074 million did not follow  the trend for the quantities exported. The cost per kg of product was also high compared to that  of garlic.   and the cost per unit kg of product started from RM7.88 to RM12.58. The profile for these costs was undulating   indicating  unstable demand for the product.

Trading in cinnamon,crushed or ground was also an entreport trade. Since the product finds many applications in industry, differences in prices per unit kg of product between export values and import values resulted in better profits from RM2.13 to RM10.30 per kg. There was only one year when the difference was in the negative,  i.e in year 2005 with negative RM13.10.

 

 Table 67: Summary of export values and volumes

 table_3.6

 

Figure 117: Malaysia’s export 2000 – 2007 for cinnamon crushed or ground

f_117

 

Figure 118: Exported cinnamon crushed or ground price trend 2000 – 2007

f_118

 

Table 68: Export and Import Unit Cost Differences of Herbal Products:

2000 -2007

 

Year

Export

(RM)

Import

(RM)

Diff (RM)

2000

11.35

3.45

7.9

2001

12.58

2.28

10.3

2002

12.02

2.83

9.19

2003

6.77

3.69

3.08

2004

12.60

2.57

10.03

2005

7.88

20.98

-13.1

2006

11.17

6.84

4.33

2007

9.86

7.73

2.13