Cinnamon Market

Cinnamon market: find newly released facts and figures secured by an Ai-driven business intelligence tool. Statistics contain imports, market prices, market size, companies, consumption, trade, production, and exports. Here is a breakdown by region, including Russia, Latin America, China, the U.S., EU, the U.K., Africa, and the Middle East. Market dynamics and forecast to 2030 are also featured in the snapshots.


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Cinnamon - World's Largest Markets

RatingCountry
1Indonesia
2United States
3India
4Mexico
5China

In value terms, Indonesia, the United States and India were the countries with the highest levels of market value in 2020, together comprising 44% of the global market. These countries were followed by Mexico, China, Bangladesh, the United Arab Emirates, Saudi Arabia, Pakistan and Iran, which together accounted for a further 20%.

The United Arab Emirates (+73.1% per year) saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while cinnamon market for the other global leaders experienced more modest paces of growth.

Cinnamon Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
China22542794278711.2%
Vietnam27093043337511.6%
Indonesia3418363840869.3%
Netherlands41854135529212.5%
Sri Lanka962710246110267.0%
Average3710395443057.7%

Prices varied noticeably by the country of origin; the country with the highest price was Sri Lanka ($11,026 per tonne), while China ($2,787 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Mexico54265861738916.7%
United States4466457950326.1%
Germany4005444745396.5%
Vietnam30693709403814.7%
Netherlands3431355539287.0%
Brazil3195315937738.7%
United Arab Emirates21652928318421.3%
Bangladesh2757371730996.0%
India21972703286814.3%
Indonesia2569342628154.7%
Saudi Arabia17812453277124.7%
Iran2047256122855.7%
Pakistan17171928226915.0%
Average3533383240166.6%

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($7,389 per tonne), while Pakistan ($2,269 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced more modest paces of growth.

Cinnamon - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
United States12513015411.2%
India728610822.7%
Mexico1007672-14.9%
Vietnam4347485.9%
Bangladesh24383418.2%

In value terms, the United States ($154M), India ($109M) and Mexico ($72M) appeared to be the countries with the highest levels of imports in 2020, together accounting for 38% of global imports. Vietnam, Bangladesh, the Netherlands, Germany, the United Arab Emirates, Saudi Arabia, Pakistan, Brazil, Indonesia and Iran lagged somewhat behind, together accounting for a further 25%.

Indonesia (+82.0% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Cinnamon - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Sri Lanka2061762162.5%
Vietnam12415621230.8%
China1361621639.6%
Indonesia1411341513.4%
Netherlands2121245.6%

In value terms, the largest cinnamon supplying countries worldwide were Sri Lanka ($216M), Vietnam ($212M) and China ($163M), together accounting for 69% of global exports.

Vietnam saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Cinnamon - Market Forecast

Driven by increasing demand for cinnamon worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Cinnamon - Top Companies

The Climate Corporation International SA, AJINOMOTO CO., INC., GLENCORE LAND (AUSTRALIA) PTY LTD, Hainan Huanhaicheng Trading Co., Ltd., McCormick & Company Incorporated, Luohe Jintudi Agriculture Development Co., Ltd., Qinghai Liansheng Grassland Ecology Development Co., Ltd., Clay Farms, CORPORACION ALIMENTARIA GUISSONA, SOCIEDAD ANONIMA, Xiaoyi Lvmuchang Agriculture & Animal Husbandry Co., Ltd., H.J. Heinz Supply Chain Europe B.V., FRUTAROM INDUSTRIES LTD, S&B FOODS INC., HOUSE FOODS CORPORATION, Luochuan County Angliqi Trading Co., Ltd., K+s Montana Holdings, LLC, K+s Salt LLC, KIKKOMAN FOOD PRODUCTS COMPANY, Griffith Foods Group Inc., PEANUT COMPANY OF AUSTRALIA LIMITED

Cinnamon - Product Coverage

  • HS 0906 - Cinnamon and cinnamon-tree flowers
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World - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global cinnamon market.

Africa - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the cinnamon market in Africa.

South-Eastern Asia - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the cinnamon market in South-Eastern Asia.

Australia and Oceania - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the cinnamon market in Australia and Oceania.

Eastern Asia - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the cinnamon market in Eastern Asia.

Middle East - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the cinnamon market in the Middle East.

Latin America and the Caribbean - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the cinnamon market in Latin America and the Caribbean.

Northern America - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the cinnamon market in Northern America.

Southern Asia - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the cinnamon market in Southern Asia.

Central Asia - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the cinnamon market in Central Asia.

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