Asia-Pacific - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights

Asia-Pacific: Cinnamon Market Overview 2020

Cinnamon Market Size in Asia-Pacific

The revenue of the cinnamon market in Asia-Pacific amounted to $X in 2018, remaining constant against the previous year. The total market indicated a prominent increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cinnamon consumption increased by +X% against 2007 indices. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. The level of cinnamon consumption peaked in 2018 and is expected to retain its growth in the near future.

Cinnamon Production in Asia-Pacific

In value terms, cinnamon production stood at $X in 2018 estimated in export prices. In general, cinnamon production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. In that year, cinnamon production attained its peak level of $X, and then declined slightly in the following year.

The countries with the highest volumes of cinnamon production in 2018 were Indonesia (X tonnes), China (X tonnes) and Viet Nam (X tonnes), with a combined X% share of total production.

From 2007 to 2018, the most notable rate of growth in terms of cinnamon production, amongst the main producing countries, was attained by Viet Nam, while cinnamon production for the other leaders experienced mixed trends in the production figures.

The average cinnamon yield amounted to X kg per ha in 2018, increasing by X% against the previous year. In general, the cinnamon yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when yield increased by X% y-o-y. Over the period under review, the cinnamon yield reached its peak figure level at X kg per ha in 2009; however, from 2010 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of cinnamon (canella) were harvested in Asia-Pacific; picking up by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when harvested area increased by X% year-to-year. The level of cinnamon harvested area peaked in 2018 and is likely to see steady growth in the immediate term.

Production By Country in Asia-Pacific

The countries with the highest volumes of cinnamon production in 2018 were Indonesia (X tonnes), China (X tonnes) and Viet Nam (X tonnes), together accounting for X% of total production.

From 2007 to 2018, the most notable rate of growth in terms of cinnamon production, amongst the main producing countries, was attained by Viet Nam, while cinnamon production for the other leaders experienced more modest paces of growth.

Cinnamon Exports

Exports in Asia-Pacific

In 2018, approx. X tonnes of cinnamon (canella) were exported in Asia-Pacific; growing by X% against the previous year. The total exports indicated a buoyant increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cinnamon exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, cinnamon exports attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, cinnamon exports amounted to $X in 2018. Over the period under review, cinnamon exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

In 2018, China (X tonnes), Viet Nam (X tonnes) and Indonesia (X tonnes) were the key exporters of cinnamon (canella) exported in Asia-Pacific, achieving X% of total export. It was distantly followed by Sri Lanka (X tonnes), constituting a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Viet Nam, while exports for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Indonesia ($X) and China ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Viet Nam, which accounted for a further X terms of the main exporting countries, Viet Nam experienced the highest rates of growth with regard to market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the cinnamon export price in Asia-Pacific amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the cinnamon export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. In that year, the export prices for cinnamon (canella) attained their peak level of $X per tonne, and then declined slightly in the following year.

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 2018, 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-Pacific

In 2018, the amount of cinnamon (canella) imported in Asia-Pacific amounted to X tonnes, jumping by X% against the previous year. The total imports indicated a remarkable expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cinnamon imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. The volume of imports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, cinnamon imports totaled $X in 2018. Overall, cinnamon imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, cinnamon imports attained their peak figure in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

India was the main importer of cinnamon (canella) imported in Asia-Pacific, with the volume of imports resulting at X tonnes, which was approx. X% of total imports in 2018. Bangladesh (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by Viet Nam (X%) and Pakistan (X%). The following importers - South Korea (X tonnes), Japan (X tonnes), Malaysia (X tonnes), Taiwan, Chinese (X tonnes), Thailand (X tonnes) and Australia (X tonnes) - together made up X% of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2018. At the same time, Viet Nam (+X%), Bangladesh (+X%), Australia (+X%), Malaysia (+X%), Pakistan (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2018. Thailand and South Korea experienced a relatively flat trend pattern. By contrast, Taiwan, Chinese (-X%) illustrated a downward trend over the same period. India (+X p.p.), Viet Nam (+X p.p.), Bangladesh (+X p.p.) and Pakistan (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in India amounted to +X%. In the other countries, the average annual rates were as follows: Viet Nam (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

The cinnamon import price in Asia-Pacific stood at $X per tonne in 2018, rising by X% against the previous year. Over the period under review, the cinnamon import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when the import price increased by X% year-to-year. The level of import price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per tonne), while Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform