Sri Lanka Is the World’s Leading Cinnamon Exporter

Spices, Aromatic, Drug And Pharmaceutical Crops September 22, 2015
Author: Olga Minchina
Account Manager

Sri Lanka dominates in the global cinnamon trade. In 2014, Sri Lanka exported 14 thousand tonnes of сinnamon totaling 132 million USD, 1% under the previous year. Its primary trading partner was Mexico, where it supplied 48% of its total сinnamon exports in value terms, accounting for 90% of Mexico's total imports.

From 2007 to 2014, Sri Lanka was a net exporter of сinnamon. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was more pronounced, except for 2009, 2010 and 2012, when the difference was less notable. In 2009-2010, the difference narrowed due to low import prices, and it was less notable in 2012 due to high export prices.

Indonesia and China were among the other main global suppliers of cinnamon in 2014. However, the fastest growing exporters from 2007 to 2014 were France (+29% per year) and Indonesia (+17% per year). Indonesia significantly strengthened its position in the global export structure.

In 2014, Sri Lanka's top 5 trading partners were Mexico, the U.S., Peru, Colombia and Guatemala, with a combined 79% share of Sri Lanka's сinnamon exports. The share of the U.S. increased (+5 percentage points), while the share of Mexico illustrated negative dynamics (-6 percentage points).

Source: World: Cinnamon (Canella) - Market Report. Analysis And Forecast To 2020