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Asia - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Cinnamon Market Overview 2021

Cinnamon Market Size in Asia

The Asian cinnamon market expanded slightly to $X in 2020, increasing by X% against the previous year. Over the period under review, consumption enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level in 2020 and is likely to continue growth in years to come.

Cinnamon Production in Asia

In value terms, cinnamon production rose significantly to $X in 2020 estimated in export prices. in general, production saw a remarkable increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in the near future.

The countries with the highest volumes of cinnamon production in 2020 were Indonesia (X tonnes), China (X tonnes) and Viet Nam (X tonnes), with a combined X% share of total production.

From 2007 to 2020, the biggest increases were in Viet Nam, while cinnamon production for the other leaders experienced more modest paces of growth.

The average cinnamon yield rose modestly to X kg per ha in 2020, growing by X% on 2019 figures. Overall, the yield, however, saw a relatively flat trend pattern. The level of yield peaked at X kg per ha in 2009; however, from 2010 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cinnamon harvested area amounted to X ha in 2020, picking up by X% compared with the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to cinnamon production reached the maximum in 2020 and is likely to see gradual growth in the immediate term.

Production by Country in Asia

The countries with the highest volumes of cinnamon production in 2020 were Indonesia (X tonnes), China (X tonnes) and Viet Nam (X tonnes), together comprising X% of total production.

From 2007 to 2020, the biggest increases were in Viet Nam, while cinnamon production for the other leaders experienced more modest paces of growth.

Cinnamon Exports

Exports in Asia

In 2020, the amount of cinnamon (canella) exported in Asia skyrocketed to X tonnes, picking up by X% against 2019 figures. Total exports indicated a prominent increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cinnamon exports surged to $X in 2020. in general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

Exports by Country

China (X tonnes) and Viet Nam (X tonnes) were the main exporters of cinnamon (canella) in 2020, finishing at approx. X% and X% of total exports, respectively. Indonesia (X tonnes) occupied the next position in the ranking, distantly followed by Sri Lanka (X tonnes). All these countries together occupied near X% share of total exports.

From 2007 to 2020, the biggest increases were in Viet Nam, while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Sri Lanka ($X) and Viet Nam ($X) appeared to be the countries with the highest levels of exports in 2020, together comprising X% of total exports.

Viet Nam recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the cinnamon export price in Asia amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price posted a remarkable increase. The growth pace was the most rapid in 2011 when the export price increased by X% year-to-year. The level of export peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Sri Lanka ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Cinnamon Imports

Imports in Asia

For the fifth consecutive year, Asia recorded growth in purchases abroad of cinnamon (canella), which increased by X% to X tonnes in 2020. Overall, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cinnamon imports surged to $X in 2020. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the immediate term.

Imports by Country

India was the major importer of cinnamon (canella) in Asia, with the volume of imports resulting at X tonnes, which was approx. X% of total imports in 2020. Viet Nam (X tonnes) ranks second in terms of the total imports with a X% share, followed by Bangladesh (X%), Pakistan (X%), the United Arab Emirates (X%) and Saudi Arabia (X%). Iran (X tonnes), Indonesia (X tonnes), China (X tonnes), Turkey (X tonnes), South Korea (X tonnes), Iraq (X tonnes) and Malaysia (X tonnes) occupied a minor share of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2020. at the same time, Viet Nam (+X%), Indonesia (+X%), China (+X%), Iraq (+X%), Turkey (+X%), Bangladesh (+X%), Iran (+X%), Saudi Arabia (+X%), Malaysia (+X%), Pakistan (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. by contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.), Viet Nam (+X p.p.), Indonesia (+X p.p.), China (+X p.p.) and Iraq (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Saudi Arabia (-X p.p.), South Korea (-X p.p.), Pakistan (-X p.p.) and the United Arab Emirates (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported cinnamon (canella) in Asia, comprising X% of total imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

In India, cinnamon imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

In 2020, the cinnamon import price in Asia amounted to $X per tonne, dropping by -X% against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2014 an increase of X% year-to-year. The level of import peaked at $X per tonne in 2019, and then fell in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Malaysia ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cinnamon (canella) in Asia?
+
The countries with the highest volumes of cinnamon consumption in 2020 were Indonesia (56K tonnes), India (49K tonnes) and Bangladesh (11K tonnes), together accounting for 66% of total consumption. Pakistan, Sri Lanka, the United Arab Emirates, Saudi Arabia, Iran, Turkey, South Korea, Iraq and Viet Nam lagged somewhat behind, together accounting for a further 24%.
What are the largest producers of cinnamon (canella) in Asia?
+
The countries with the highest volumes of cinnamon production in 2020 were Indonesia (89K tonnes), China (86K tonnes) and Viet Nam (53K tonnes), together accounting for 89% of total production.
What are the leading suppliers of cinnamon (canella) in Asia?
+
In value terms, China ($293M), Sri Lanka ($216M) and Viet Nam ($212M) were the countries with the highest levels of exports in 2020, with a combined 81% share of total exports.
What are the leading importers of cinnamon (canella) in Asia?
+
In value terms, India ($109M) constitutes the largest market for imported cinnamon (canella) in Asia, comprising 31% of total imports. The second position in the ranking was occupied by Viet Nam ($49M), with a 14% share of total imports. It was followed by Bangladesh, with a 9.8% share.
What is the average export price for cinnamon (canella) in Asia?
+
In 2020, the cinnamon export price in Asia amounted to $4,196 per tonne, picking up by 9.9% against the previous year.
What is the average import price for cinnamon (canella) in Asia?
+
The cinnamon import price in Asia stood at $2,618 per tonne in 2020, dropping by -10.1% against the previous year.

Product coverage:
• FCL 693 - Cinnamon (canella)

This report provides an in-depth analysis of the cinnamon market in Asia. 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 2025.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Harvested Area, by Country, 2007–2020
Table 7:
Yield, by Country, 2007–2020
Table 8:
Imports, in Physical Terms, by Country, 2007–2020
Table 9:
Imports, in Value Terms, by Country, 2007–2020
Table 10:
Import Prices, by Country of Destination, 2007–2020
Table 11:
Exports, in Physical Terms, by Country, 2007–2020
Table 12:
Exports, in Value Terms, by Country, 2007–2020
Table 13:
Export Prices, by Country of Origin, 2007–2020
Table 14:
Producer Prices, by Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), by Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
Figure 5:
Products: Market Size and Growth, by Type
Figure 6:
Products: Average Per Capita Consumption, by Type
Figure 7:
Products: Exports and Growth, by Type
Figure 8:
Products: Export Prices and Growth, by Type
Figure 9:
Production Volume and Growth
Figure 10:
Yield and Growth
Figure 11:
Exports and Growth
Figure 12:
Export Prices and Growth
Figure 13:
Market Size and Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports and Growth
Figure 16:
Import Prices
Figure 17:
Production, in Physical Terms, 2007–2020
Figure 18:
Production, in Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, by Country, 2020
Figure 22:
Production, in Physical Terms, by Country, 2007–2020
Figure 23:
Harvested Area, by Country, 2020
Figure 24:
Harvested Area, by Country, 2007–2020
Figure 25:
Yield, by Country, 2007–2020
Figure 26:
Imports, in Physical Terms, 2007–2020
Figure 27:
Imports, in Value Terms, 2007–2020
Figure 28:
Imports, in Physical Terms, by Country, 2020
Figure 29:
Imports, in Physical Terms, by Country, 2007–2020
Figure 30:
Imports, in Value Terms, by Country, 2007–2020
Figure 31:
Import Prices, by Country, 2007–2020
Figure 32:
Exports, in Physical Terms, 2007–2020
Figure 33:
Exports, in Value Terms, 2007–2020
Figure 34:
Exports, in Physical Terms, by Country, 2020
Figure 35:
Exports, in Physical Terms, by Country, 2007–2020
Figure 36:
Exports, in Value Terms, by Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
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