Oct 10, 2019

World - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights

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May 29, 2018

Indonesia and China Are the Largest Suppliers of Cinnamon

IndexBox has just published a new report "World: Cinnamon (Canella) - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.

Global Cinnamon Consumption Posted an Upward Trend 

From 2007 to 2016, the global cinnamon market value fluctuated perceptibly. According to IndexBox estimates, a significant increase in 2008 (121% Y-o-Y) was followed by a slight drop in 2009 (96% Y-o-Y). Over the next two years, the market gradually increased until it plunged again in 2012-2013. Between 2014 and 2016, the cinnamon market increased steadily. In 2016, the global cinnamon market value reached 532 million USD.

From 2007 to 2016, global cinnamon consumption in physical terms experienced a steady growth, rising from 174 thousand tonnes in 2007 to 227 thousand tonnes in 2016. It expanded with a CAGR of +3.0% over the period under review.

Driven by the growth of population, the popularity of spices, and the growth of the pharmaceutical and cosmetic industry, the cinnamon sector is expected to continue an upward consumption trend, expanding with an anticipated CAGR of +2.0%, which will lead the market volume to 267 million tonnes.

Indonesia, China, the U.S. and India Lead Global Cinnamon Consumption

Indonesia (44 thousand tonnes), China (37 thousand tonnes), the U.S. (26 thousand tonnes) and India (25 thousand tonnes) were the countries with the highest consumption, together accounting for almost 57% of global figures. 

In terms of the key consumer countries in 2016, Indonesia (170 gr per year) and the U.S. (80 gr per year) registered a per capita consumption figure higher than the global average of 31 kg per 1,000 persons, while China (26 gr per year) and India (19 gr per year) recorded the lowest.

Production of Cinnamon Reached its Highest Level

Cinnamon production reached 229 thousand tonnes in 2016, with a positive dynamic being recorded over the last few years, except for a slight decline in 2010. From 2007 to 2016, cinnamon production grew at an annual average rate of growth of +2.1%.

Indonesia and China Were the Main Producers of Cinnamon

Indonesia was the key world cinnamon producing country with an output of about 91.6 thousand tonnes in 2016, which accounted for 40% of total global output. The other major producers were China (34%), Viet Nam (17%), Sri lanka (8%).

In Indonesia, production levels decreased by -1.2% annually from 2007 to 2016. The other major producing countries indicated an increase in cinnamon output in physical terms: Viet Nam (+8.7%), China (+4.0%) and Sri Lanka (+3.4%). 

Around 67% of Global Cinnamon Output Is Exported

Cinnamon is a widely traded commodity, with the share of export in total global output standing at approx. 67% in 2007-2016. The high trade intensity is determined mainly by substantial distances between the main cinnamon producing countries and the key consuming countries.

Indonesia and China Were the Largest Suppliers of Cinnamon

In 2016, the volume of global exports totaled 154.0 thousand tonnes, with a mixed dynamic being recorded over the last few years. A gradual increase over the period from 2013 to 2014 was followed by a slight decline in 2015; in 2016 it remained unchanged. 

In value terms, global exports showed steady growth over the last few years, at an average annual rate of growth of + 10.6%. In 2016, global cinnamon exports expanded to 484.4 million USD.

Indonesia (48.9 thousand tonnes) and China (42.4 thousand tonnes) were the main global suppliers of cinnamon, with a combined share of 60% of global exports. They were followed by Viet Nam (19%) and Sri Lanka (10%). 

From 2007 to 2016, Viet Nam (+7.6% per year) was the fastest growing supplier amongst the major exporters. The share of Viet Nam (+8 percentage points) and China (+2 percentage points) increased between 2007 and 2016, while the share of Indonesia (-7 percentage points) displayed a negative dynamic. The share of Sri Lanka remained relatively stable throughout the analyzed period.

India and Bangladesh Increased Cinnamon Imports

The volume of global imports totaled 151.6 thousand tonnes, or 468.8 million USD in 2016. The imports dynamic was generally in line with exports: these trade flows globally complement each other. Following the high trade intensity, the share of imports in global demand accounted for about 67%.

In 2016, the U.S. (27.4 thousand tonnes), India (25.7 thousand tonnes, and, lagging somewhat behind, Bangladesh (8.2 thousand tonnes), Mexico (7.7 thousand tonnes), the Netherlands (5.2 thousand tonnes), the United Arab Emirates (4.6 thousand tonnes) and Saudi Arabia (4.4 thousand tonnes) were the leading destinations for cinnamon imports, together making up 55% of global imports in physical terms. 

In terms of the major importing countries India (+8.4% per year) and Bangladesh (+8.0% per year) indicated the highest annual rates of growth from 2007 to 2016. While the shares of India (+6 percentage points) and Bangladesh (+2 percentage points) increased from 2007 to 2016, the share of the United Arab Emirates (-5 percentage points) illustrated a negative dynamic. The shares of the other countries remained relatively stable throughout the analyzed period. 

Do you want to know more about global cinnamon market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • cinnamon market share
  • cinnamon prices
  • cinnamon industry
  • cinnamon sales
  • cinnamon import
  • cinnamon export
  • cinnamon market forecast
  • cinnamon price forecast
  • key cinnamon producers

Source: IndexBox AI Platform

Product coverage:
• FCL 693 - Cinnamon (canella)

This report provides an in-depth analysis of the global cinnamon market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Harvested Area, By Country, 2007-2018
Table 7:
Yield, By Country, 2007-2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Area Harvested, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Harvested Area, By Country, 2018
Figure 24:
Harvested Area, By Country, 2007-2018
Figure 25:
Yield, By Country, 2007-2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
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