United Kingdom - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCinnamon Price in the UK - 2023
Contents:
- Cinnamon Price in the UK (CIF) - 2023
- Cinnamon Price in the UK (FOB) - 2023
- Cinnamon Imports in the UK
- Cinnamon Exports in the UK
Cinnamon Price in the UK (CIF) - 2023
In May 2023, the average cinnamon import price amounted to $4,502 per ton, dropping by -19.3% against the previous month. In general, the import price recorded a mild decline. The growth pace was the most rapid in February 2023 an increase of 37% m-o-m. The import price peaked at $6,602 per ton in November 2022; however, from December 2022 to May 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Indonesia ($8,038 per ton), while the price for Vietnam ($3,493 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Cinnamon Price in the UK (FOB) - 2023
In May 2023, the average cinnamon export price amounted to $5,467 per ton, declining by -32.6% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 45% month-to-month. Over the period under review, the average export prices attained the peak figure at $9,321 per ton in January 2023; however, from February 2023 to May 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In May 2023, the country with the highest price was Ireland ($13,414 per ton), while the average price for exports to the Netherlands totaled $4,847 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Cinnamon Imports in the UK
In 2022, approx. 3.3K tons of cinnamon (canella) were imported into the UK; increasing by 3.1% on the previous year's figure. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, cinnamon imports stood at $17M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 21%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Cinnamon in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.4 | 0.8 | 1.1 | 3.9 | 40.7% |
| Vietnam | 1.6 | 1.6 | 3.0 | 3.3 | 27.3% |
| Sri Lanka | 1.7 | 2.4 | 1.9 | 2.5 | 13.7% |
| China | 2.2 | 3.4 | 2.7 | 2.4 | 2.9% |
| India | 1.4 | 1.0 | 1.2 | 1.3 | -2.4% |
| Madagascar | 0.4 | 0.7 | 0.7 | 1.0 | 35.7% |
| Spain | 0.4 | 0.8 | 0.9 | 0.7 | 20.5% |
| Netherlands | 1.0 | 1.5 | 2.0 | 0.6 | -15.7% |
| Germany | 0.8 | 0.9 | 0.7 | 0.3 | -27.9% |
| Tanzania | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| France | 1.8 | 2.3 | 1.9 | N/A | 2.7% |
| Others | 0.7 | 0.9 | 0.8 | 1.0 | 12.6% |
| Total | 13.6 | 16.6 | 17.1 | 17.2 | 8.1% |
Top Suppliers of Cinnamon to the UK in 2022:
- Vietnam (749.8 tons)
- China (508.6 tons)
- Indonesia (497.8 tons)
- India (388.3 tons)
- Madagascar (309.0 tons)
- Sri Lanka (237.7 tons)
- Netherlands (166.2 tons)
- Spain (144.5 tons)
- Germany (78.5 tons)
- Tanzania (67.5 tons)
Cinnamon Exports in the UK
After three years of growth, overseas shipments of cinnamon (canella) decreased by -45% to 445 tons in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 44%.
In value terms, cinnamon exports contracted remarkably to $3M in 2022. In general, total exports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 41% against the previous year.
| Export of Cinnamon in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 510 | 799 | 2,457 | 1,175 | 32.1% |
| Ireland | 513 | 885 | 799 | 754 | 13.7% |
| United States | 148 | 312 | 219 | 259 | 20.5% |
| Armenia | N/A | N/A | N/A | 148 | 0% |
| Germany | 205 | 521 | 118 | 98.6 | -21.6% |
| Denmark | 94.8 | 89.0 | 12.7 | 74.3 | -7.8% |
| France | 178 | 117 | 90.7 | 70.8 | -26.5% |
| Bahrain | N/A | 1.3 | N/A | 43.0 | 475.1% |
| Russia | 6.3 | 6.0 | 104 | 40.3 | 85.6% |
| Spain | 165 | 200 | 94.2 | 11.3 | -59.1% |
| Italy | 119 | 179 | 12.2 | 5.4 | -64.3% |
| Austria | 264 | 267 | 121 | 3.3 | -76.8% |
| Others | 637 | 625 | 510 | 299 | -22.3% |
| Total | 2,841 | 4,001 | 4,538 | 2,982 | 1.6% |
Top Export Markets for Cinnamon from the UK in 2022:
- Netherlands (242.6 tons)
- Ireland (71.9 tons)
- United States (29.6 tons)
- Armenia (17.3 tons)
- Germany (16.3 tons)
- France (11.3 tons)
- Denmark (11.0 tons)
- Russia (7.1 tons)
- Bahrain (6.7 tons)
- Spain (2.1 tons)
- Italy (0.8 tons)
- Austria (0.4 tons)
This report provides an in-depth analysis of the cinnamon market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
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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 the UK.
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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 the UK.
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This report provides an in-depth analysis of the global cinnamon market.
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The growth rate of Cinnamon reached its peak in May 2023 with a remarkable 75% increase compared to the previous month. However, by August 2023, the value of cinnamon imports experienced a decline, reaching $1.5M.
1067
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
9497
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.
2852
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
2234
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
350
The growth rate of Cinnamon reached its peak in May 2023 with a remarkable 75% increase compared to the previous month. However, by August 2023, the value of cinnamon imports experienced a decline, reaching $1.5M.
1067
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
