$2.82B

Vietnam's spice market in 2030, up from $1.82B in 2025 (7.5% growth a year)

72.1%

Share of Vietnam's cinnamon imports that comes from Indonesia (VPSA)

Duty under Form D on all HS 0906, 0907 and 0908 lines

3–5 d

Sea transit from Surabaya or Belawan to Cát Lái or Cái Mép

Executive summary

Five findings

1
Vietnam re-exports $2.12B of spices a year (up 20.1% from last year, to 125+ markets). Its own farms cannot keep up. Growing zones are full and farmers are moving land to durian and coffee.
2
Indonesia is already the main supplier. It provides 72.1% of Vietnam's cinnamon imports, about 80% of world nutmeg, and it is the world's largest clove producer.
3
Under Form D, duty on all HS 0906, 0907 and 0908 lines drops from 5–20% to 0%. That makes our landed cost 15–30% lower than suppliers outside ASEAN.
4
Lab results decide deals. Korintji coumarin is 700–1,500 mg/kg, nutmeg myristicin is 8.0–13.5%, and clove eugenol is 15–17%.
5
Vietnam cannot harvest from March to September, which is when Indonesia can supply. Imports peak in Q4, so September is the right time to start.