India - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCinnamon Price in India - 2023
Contents:
- Cinnamon Price in India (CIF) - 2023
- Cinnamon Price in India (FOB) - 2023
- Cinnamon Imports in India
- Cinnamon Exports in India
Cinnamon Price in India (CIF) - 2023
In July 2023, the average cinnamon import price amounted to $2,620 per ton, dropping by -2.3% against the previous month. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 9.2% against the previous month. The import price peaked at $3,246 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Sri Lanka ($7,163 per ton), while the price for China ($1,129 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Nepal (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Cinnamon Price in India (FOB) - 2023
The average cinnamon export price stood at $5,796 per ton in July 2023, declining by -10.9% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average export price increased by 27% against the previous month. As a result, the export price reached the peak level of $7,251 per ton. From June 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($12,441 per ton), while the average price for exports to Venezuela ($2,627 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Cinnamon Imports in India
In 2022, cinnamon imports into India was estimated at 37K tons, picking up by 8.9% against the previous year. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year. As a result, imports reached the peak of 38K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, cinnamon imports rose slightly to $113M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Cinnamon in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 71.6 | 93.8 | 93.8 | 96.6 | 10.5% |
| Sri Lanka | 5.8 | 6.1 | 6.0 | 6.5 | 3.9% |
| Indonesia | 3.8 | 3.8 | 5.1 | 5.1 | 10.3% |
| China | 4.3 | 3.9 | 3.2 | 3.6 | -5.8% |
| Nepal | 0.4 | 0.8 | 0.9 | 1.0 | 35.7% |
| Others | 0.1 | N/A | 0.3 | 0.3 | 44.2% |
| Total | 85.9 | 108 | 109 | 113 | 9.6% |
Top Suppliers of Cinnamon to India in 2022:
- Vietnam (31.7K tons)
- China (3.0K tons)
- Indonesia (0.9K tons)
- Sri Lanka (0.9K tons)
- Nepal (0.8K tons)
Cinnamon Exports in India
In 2022, after three years of growth, there was significant decline in shipments abroad of cinnamon (canella), when their volume decreased by -8.9% to 1.8K tons. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 14%.
In value terms, cinnamon exports declined to $11M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.0% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 37%.
| Export of Cinnamon in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,516 | 3,760 | 4,232 | 4,562 | 21.9% |
| Canada | 1,229 | 1,398 | 2,181 | 1,985 | 17.3% |
| Australia | 823 | 934 | 1,133 | 934 | 4.3% |
| United Kingdom | 378 | 442 | 875 | 456 | 6.5% |
| Indonesia | 51.4 | 1.3 | 1.9 | 268 | 73.4% |
| Italy | 1.8 | 31.0 | 41.6 | 206 | 385.5% |
| Netherlands | 4.7 | 24.6 | 199 | 186 | 240.8% |
| South Africa | 95.1 | 107 | 121 | 162 | 19.4% |
| New Zealand | 169 | 242 | 226 | 145 | -5.0% |
| Vietnam | 306 | 176 | 139 | 139 | -23.1% |
| Saudi Arabia | 71.5 | 46.8 | 33.0 | 104 | 13.3% |
| Kuwait | 38.5 | 51.6 | 22.3 | 60.7 | 16.4% |
| Poland | 105 | 175 | 65.5 | 38.6 | -28.4% |
| Others | 1,294 | 2,289 | 1,963 | 1,592 | 7.2% |
| Total | 7,084 | 9,678 | 11,235 | 10,839 | 15.2% |
Top Export Markets for Cinnamon from India in 2022:
- United States (577.9 tons)
- Canada (316.2 tons)
- Australia (170.8 tons)
- United Kingdom (124.0 tons)
- Vietnam (49.0 tons)
- Indonesia (47.0 tons)
- Saudi Arabia (41.5 tons)
- South Africa (37.5 tons)
- New Zealand (34.1 tons)
- Netherlands (30.6 tons)
- Italy (29.6 tons)
- Kuwait (27.9 tons)
- Poland (10.1 tons)
This report provides an in-depth analysis of the cinnamon market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the cinnamon market in India.
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This report provides an in-depth analysis of the global cinnamon market.
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This report provides an in-depth analysis of the cinnamon market in India.
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This report provides an in-depth analysis of the global cinnamon market.
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The pace of growth for Cinnamon imports was most rapid in June 2023, increasing by 77% compared to the previous month. In October 2023, the value of cinnamon imports decreased significantly to $11M.
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
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From 2007 to 2016, the global cinnamon market value fluctuated perceptibly. According to IndexBox estimates, a significant increase in 2008 (X% Y-o-Y) was followed by a slight drop in 2009 (X% Y-o-Y). Over the next two years, the market gradually in
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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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In 2015, the countries with the highest levels of cinnamon production in 2015 were Indonesia (X thousand tons), China (X thousand tons), Vietnam (X thousand tons), together accounting for X% of total output.
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Cinnamon production reached X thousand tons in 2016, with a positive dynamic being recorded over the last few years, except for a slight decline in 2010.
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Cinnamon is one of the most common spices today. It can be used in cooking, when added to salads, soups, or beverages (cinnamon flavored tea is very popular nowadays), or pharmaceutical industry. Besides, it is one of the most repeatedly used additives
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Sri Lanka dominates in the global cinnamon trade. In 2014, Sri Lanka exported X thousand tons of сinnamon totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total сinnamon expor
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The pace of growth for Cinnamon imports was most rapid in June 2023, increasing by 77% compared to the previous month. In October 2023, the value of cinnamon imports decreased significantly to $11M.
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
