Report Update: Dec 1, 2023

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

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Cinnamon Market

Name: Cinnamon Market
Creator: IndexBox Inc.
Published: 2023-12-01T00:00:00+00:00
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Cinnamon market, IndexBox, market research, global market, publisher

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

Rating	Country
1	Indonesia
2	United States
3	India
4	Mexico
5	China

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
China	2254	2794	2787	11.2%
Vietnam	2709	3043	3375	11.6%
Indonesia	3418	3638	4086	9.3%
Netherlands	4185	4135	5292	12.5%
Sri Lanka	9627	10246	11026	7.0%
Average	3710	3954	4305	7.7%

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Mexico	5426	5861	7389	16.7%
United States	4466	4579	5032	6.1%
Germany	4005	4447	4539	6.5%
Vietnam	3069	3709	4038	14.7%
Netherlands	3431	3555	3928	7.0%
Brazil	3195	3159	3773	8.7%
United Arab Emirates	2165	2928	3184	21.3%
Bangladesh	2757	3717	3099	6.0%
India	2197	2703	2868	14.3%
Indonesia	2569	3426	2815	4.7%
Saudi Arabia	1781	2453	2771	24.7%
Iran	2047	2561	2285	5.7%
Pakistan	1717	1928	2269	15.0%
Average	3533	3832	4016	6.6%

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
United States	125	130	154	11.2%
India	72	86	108	22.7%
Mexico	100	76	72	-14.9%
Vietnam	43	47	48	5.9%
Bangladesh	24	38	34	18.2%

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

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Sri Lanka	206	176	216	2.5%
Vietnam	124	156	212	30.8%
China	136	162	163	9.6%
Indonesia	141	134	151	3.4%
Netherlands	21	21	24	5.6%

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

Source: IndexBox Market Intelligence Platform

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 2030.

Product coverage:

• FCL 693 - Cinnamon (canella)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

• Global market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Global production, split by region and country

• Global trade (exports and imports)

• 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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2022
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles

This Chapter is Available Only for the Professional Edition PRO
1. United States
2. China
3. Japan
4. Germany
5. United Kingdom
6. France
7. Brazil
8. Italy
9. Russian Federation
10. India
11. Canada
12. Australia
13. Republic of Korea
14. Spain
15. Mexico
16. Indonesia
17. Netherlands
18. Turkey
19. Saudi Arabia
20. Switzerland
21. Sweden
22. Nigeria
23. Poland
24. Belgium
25. Argentina
26. Norway
27. Austria
28. Thailand
29. United Arab Emirates
30. Colombia
31. Denmark
32. South Africa
33. Malaysia
34. Israel
35. Singapore
36. Egypt
37. Philippines
38. Finland
39. Chile
40. Ireland
41. Pakistan
42. Greece
43. Portugal
44. Kazakhstan
45. Algeria
46. Czech Republic
47. Qatar
48. Peru
49. Romania
50. Vietnam
LIST OF TABLES
1. Key Findings In 2022
2. Market Volume, In Physical Terms, 2012–2022
3. Market Value, 2012–2022
4. Per Capita Consumption, By Country, 2018–2022
5. Production, In Physical Terms, By Country, 2012–2022
6. Harvested Area, By Country, 2012-2022
7. Yield, By Country, 2012-2022
8. Imports, In Physical Terms, By Country, 2012–2022
9. Imports, In Value Terms, By Country, 2012–2022
10. Import Prices, By Country Of Destination, 2012–2022
11. Exports, In Physical Terms, By Country, 2012–2022
12. Exports, In Value Terms, By Country, 2012–2022
13. Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2022
2. Market Value, 2012–2022
3. Consumption, By Country, 2022
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2022
19. Production, In Value Terms, 2012–2022
20. Area Harvested, 2012–2022
21. Yield, 2012–2022
22. Production, By Country, 2022
23. Production, In Physical Terms, By Country, 2012–2022
24. Harvested Area, By Country, 2022
25. Harvested Area, By Country, 2012-2022
26. Yield, By Country, 2012-2022
27. Imports, In Physical Terms, 2012–2022
28. Imports, In Value Terms, 2012–2022
29. Imports, In Physical Terms, By Country, 2022
30. Imports, In Physical Terms, By Country, 2012–2022
31. Imports, In Value Terms, By Country, 2012–2022
32. Import Prices, By Country, 2012–2022
33. Exports, In Physical Terms, 2012–2022
34. Exports, In Value Terms, 2012–2022
35. Exports, In Physical Terms, By Country, 2022
36. Exports, In Physical Terms, By Country, 2012–2022
37. Exports, In Value Terms, By Country, 2012–2022
38. Export Prices, 2012–2022