Vietnam - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCinnamon Price in Vietnam - 2022
Contents:
- Cinnamon Price in Vietnam (FOB) - 2022
- Cinnamon Price in Vietnam (CIF) - 2022
- Cinnamon Exports in Vietnam
- Cinnamon Imports in Vietnam
Cinnamon Price in Vietnam (FOB) - 2022
The average cinnamon export price stood at $5,308 per ton in December 2022, surging by 1.9% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 7.8% month-to-month. As a result, the export price reached the peak level of $5,573 per ton. From February 2022 to December 2022, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($7,513 per ton), while the average price for exports to Bangladesh ($3,774 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cinnamon Price in Vietnam (CIF) - 2022
In 2022, the average cinnamon import price amounted to $6,227 per ton, reducing by -3.4% against the previous year. Over the period under review, the import price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of 50% against the previous year. Over the period under review, average import prices reached the peak figure at $6,447 per ton in 2021, and then fell in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($6,253 per ton), while the price for Indonesia totaled $6,081 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.3%).
Cinnamon Exports in Vietnam
In 2022, shipments abroad of cinnamon (canella) decreased by -6.5% to 49K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year. As a result, the exports reached the peak of 53K tons, and then dropped in the following year.
In value terms, cinnamon exports dropped slightly to $260M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 38% against the previous year.
| Export of Cinnamon in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 72.7 | 101 | 91.3 | 97.1 | 10.1% |
| United States | 24.1 | 36.7 | 54.1 | 47.2 | 25.1% |
| Bangladesh | 15.1 | 11.0 | 13.9 | 12.5 | -6.1% |
| Indonesia | 9.2 | 15.1 | 17.7 | 8.2 | -3.8% |
| South Korea | 6.7 | 7.0 | 6.3 | 8.0 | 6.1% |
| Netherlands | 3.2 | 4.2 | 6.9 | 7.9 | 35.2% |
| Brazil | 2.4 | 4.0 | 5.2 | 7.1 | 43.6% |
| Germany | 2.1 | 3.3 | 5.2 | 5.1 | 34.4% |
| Dominican Republic | 2.1 | 6.0 | 5.0 | 4.6 | 29.9% |
| United Arab Emirates | 1.2 | 1.5 | 2.5 | 4.5 | 55.4% |
| Malaysia | 1.8 | 3.8 | 5.1 | 3.8 | 28.3% |
| Algeria | 1.5 | 2.1 | 1.7 | 3.2 | 28.7% |
| Others | 30.4 | 42.1 | 51.4 | 50.8 | 18.7% |
| Total | 172 | 238 | 266 | 260 | 14.8% |
Top Export Markets for Cinnamon from Vietnam in 2022:
- India (21.3K tons)
- United States (7.5K tons)
- Bangladesh (2.9K tons)
- Netherlands (1.4K tons)
- Brazil (1.1K tons)
- Indonesia (1.1K tons)
- South Korea (1.1K tons)
- Germany (0.9K tons)
- Algeria (0.8K tons)
- United Arab Emirates (0.8K tons)
- Dominican Republic (0.8K tons)
- Malaysia (0.7K tons)
Cinnamon Imports in Vietnam
After three years of growth, overseas purchases of cinnamon (canella) decreased by -4.2% to 8.5K tons in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 78%. As a result, imports attained the peak of 8.9K tons, and then shrank in the following year.
In value terms, cinnamon imports declined to $53M in 2022. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 94% against the previous year. As a result, imports reached the peak of $58M, and then reduced in the following year.
| Import of Cinnamon in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 21.9 | 42.4 | 45.0 | 73.6% |
| Indonesia | 7.1 | 7.4 | 14.5 | 7.9 | 3.6% |
| Others | 0.4 | 0.4 | 0.6 | 0.4 | 0.0% |
| Total | 16.1 | 29.6 | 57.5 | 53.2 | 48.9% |
Top Suppliers of Cinnamon to Vietnam in 2022:
- China (7.2K tons)
- Indonesia (1.3K tons)
This report provides an in-depth analysis of the cinnamon market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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 Vietnam.
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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 Vietnam.
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This report provides an in-depth analysis of the global cinnamon market.
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2614
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
9522
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
2239
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
1071
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2614
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
9522
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
