Africa: Cinnamon Market 2024

Cinnamon Market Size in Africa

The African cinnamon market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption saw a strong expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cinnamon Production in Africa

In value terms, cinnamon production shrank notably to $X in 2022 estimated in export price. Overall, production saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Madagascar (X tons), Uganda (X tons) and Tanzania (X tons), together accounting for X% of total production. Namibia and Guinea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Namibia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average cinnamon yield expanded significantly to X tons per ha in 2022, increasing by X% compared with 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of yield peaked in 2022 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cinnamon (canella) production in Africa fell slightly to X ha, dropping by X% on the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the cinnamon harvested area remained at a lower figure.

Cinnamon Exports

Exports in Africa

In 2022, the amount of cinnamon (canella) exported in Africa reduced to X tons, falling by X% on the previous year. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cinnamon exports shrank modestly to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Madagascar (X tons) represented the major exporter of cinnamon (canella), mixing up X% of total exports. Tanzania (X tons) ranks second in terms of the total exports with a X% share, followed by Namibia (X%).

From 2012 to 2022, average annual rates of growth with regard to cinnamon exports from Madagascar stood at X%. At the same time, Tanzania (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Madagascar (X p.p.), Tanzania (X p.p.) and Namibia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Madagascar ($X) remains the largest cinnamon supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with an X% share of total exports.

In Madagascar, cinnamon exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cinnamon export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the other leaders experienced a decline in the export price figures.

Cinnamon Imports

Imports in Africa

In 2022, approx. X tons of cinnamon (canella) were imported in Africa; rising by X% against the year before. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, cinnamon imports soared to $X in 2022. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the nine major importers of cinnamon (canella), namely Morocco, Sudan, Ethiopia, South Africa, South Sudan, Algeria, Egypt, Somalia and Djibouti, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for South Sudan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cinnamon importing markets in Africa were Morocco ($X), Egypt ($X) and Sudan ($X), together accounting for X% of total imports. Algeria, South Africa, South Sudan, Somalia, Ethiopia and Djibouti lagged somewhat behind, together comprising a further X%.

South Sudan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, dropping by X% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cinnamon import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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