Report Asia-Pacific - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 19, 2022

Asia-Pacific - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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Asia-Pacific: Cinnamon Market 2022

Cinnamon Market Size in Asia-Pacific

For the third year in a row, the Asia-Pacific cinnamon market recorded growth in sales value, which increased by X% to $X in 2021. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Cinnamon Production in Asia-Pacific

In value terms, cinnamon production declined modestly to $X in 2021 estimated in export prices. Over the period under review, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2020, and then dropped in the following year.

The countries with the highest volumes of cinnamon production in 2021 were Indonesia (X tonnes), China (X tonnes) and Vietnam (X tonnes), together comprising X% of total production.

From 2012 to 2021, the biggest increases were in Vietnam (+X%), while cinnamon production for the other leaders experienced more modest paces of growth.

The average cinnamon yield dropped to X kg per ha in 2021, waning by -X% on the year before. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the yield attained the peak level of X kg per ha, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of cinnamon (canella) in Asia-Pacific rose slightly to X ha, picking up by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. The level of harvested area peaked in 2021 and is expected to retain growth in the near future.

Production By Country in Asia-Pacific

The countries with the highest volumes of cinnamon production in 2021 were Indonesia (X tonnes), China (X tonnes) and Vietnam (X tonnes), together comprising X% of total production.

From 2012 to 2021, the most notable rate of growth in terms of cinnamon production, amongst the key producing countries, was attained by Vietnam (+X%), while cinnamon production for the other leaders experienced more modest paces of growth.

Cinnamon Exports

Exports in Asia-Pacific

Cinnamon exports contracted to X tonnes in 2021, reducing by -X% against 2020 figures. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tonnes, and then declined in the following year.

In value terms, cinnamon exports reduced to $X in 2021. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% y-o-y. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

China (X tonnes) and Vietnam (X tonnes) represented roughly X% of total exports of cinnamon (canella) in 2021. It was distantly followed by Indonesia (X tonnes) and Sri Lanka (X tonnes), together comprising a X% share of total exports.

From 2012 to 2021, the biggest increases were in Vietnam (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Sri Lanka ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising X% of total exports.

Vietnam, with a CAGR of +X%, saw 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 2021, the cinnamon export price in Asia-Pacific amounted to $X per tonne, declining by -X% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cinnamon export price increased by +X% against 2012 indices. The growth pace was the most rapid in 2017 when the export price increased by X% y-o-y. Over the period under review, the export prices reached the maximum at $X per tonne in 2020, and then reduced modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the other leaders experienced more modest paces of growth.

Cinnamon Imports

Imports in Asia-Pacific

Cinnamon imports surged to X tonnes in 2021, jumping by X% on 2020. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, cinnamon imports reduced to $X in 2021. Overall, imports continue to indicate resilient growth. 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 at $X in 2020, and then fell modestly in the following year.

Imports by Country

In 2021, India (X tonnes) and Bangladesh (X tonnes) represented the key importers of cinnamon (canella) in Asia-Pacific, together making up X% of total imports. Vietnam (X tonnes) occupied the next position in the ranking, followed by Pakistan (X tonnes). All these countries together held approx. X% share of total imports. The following importers - Indonesia (X tonnes), South Korea (X tonnes), Malaysia (X tonnes) and Taiwan (Chinese) (X tonnes) - together made up X% of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (+X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2021, the average annual growth rate of value in India totaled +X%. In the other countries, the average annual rates were as follows: Vietnam (+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 2021, with a decrease of -X% against the previous year. Import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cinnamon import price decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for cinnamon (canella) in Asia-Pacific?
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The countries with the highest volumes of cinnamon consumption in 2021 were Indonesia, Bangladesh and India, together accounting for 80% of total consumption.
What are the largest producers of cinnamon (canella) in Asia-Pacific?
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The countries with the highest volumes of cinnamon production in 2021 were Indonesia, China and Vietnam, together accounting for 90% of total production.
What are the leading suppliers of cinnamon (canella) in Asia-Pacific?
+
In value terms, the largest cinnamon supplying countries in Asia-Pacific were China, Sri Lanka and Vietnam, with a combined 80% share of total exports.
What are the leading importers of cinnamon (canella) in Asia-Pacific?
+
In value terms, India constitutes the largest market for imported cinnamon canella) in Asia-Pacific, comprising 40% of total imports. The second position in the ranking was occupied by Vietnam, with a 17% share of total imports. It was followed by Bangladesh, with a 13% share.
What is the average export price for cinnamon (canella) in Asia-Pacific?
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The cinnamon export price in Asia-Pacific stood at $4,100 per tonne in 2021, dropping by -2.7% against the previous year.
What is the average import price for cinnamon (canella) in Asia-Pacific?
+
In 2021, the cinnamon import price in Asia-Pacific amounted to $2,611 per tonne, falling by -15.3% against the previous year.

This report provides an in-depth analysis of the cinnamon market in Asia-Pacific. 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:
• Afghanistan
• American Samoa
• Bhutan
• Brunei Darussalam
• Cambodia
• Cook Islands
• Democratic People's Republic of Korea
• Fiji
• French Polynesia
• Guam
• Kiribati
• Lao People's Democratic Republic
• Macao SAR
• Maldives
• Marshall Islands
• Micronesia
• Nauru
• Nepal
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Taiwan (Chinese)
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia-Pacific, split by region and country
• Trade (exports and imports) in Asia-Pacific
• 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 2007–2021
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 2007–2021
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
• Australia
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• India
• Indonesia
• Japan
• Kiribati
• Malaysia
• Maldives
• Marshall Islands
• Micronesia
• Myanmar
• Nepal
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Pakistan
• Palau
• Papua New Guinea
• Philippines
• Samoa
• Singapore
• Solomon Islands
• South Korea
• Sri Lanka
• Taiwan (Chinese)
• Thailand
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Vietnam
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Harvested Area, By Country, 2007–2021
Table 7:
Yield, By Country, 2007–2021
Table 8:
Imports, In Physical Terms, By Country, 2007–2021
Table 9:
Imports, In Value Terms, By Country, 2007–2021
Table 10:
Import Prices, By Country Of Destination, 2007–2021
Table 11:
Exports, In Physical Terms, By Country, 2007–2021
Table 12:
Exports, In Value Terms, By Country, 2007–2021
Table 13:
Export Prices, By Country Of Origin, 2007–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
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, 2007–2021
Figure 18:
Production, In Value Terms, 2007–2021
Figure 19:
Area Harvested, 2007–2021
Figure 20:
Yield, 2007–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2007–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2007–2021
Figure 25:
Yield, By Country, 2007–2021
Figure 26:
Imports, In Physical Terms, 2007–2021
Figure 27:
Imports, In Value Terms, 2007–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2007–2021
Figure 30:
Imports, In Value Terms, By Country, 2007–2021
Figure 31:
Import Prices, By Country, 2007–2021
Figure 32:
Exports, In Physical Terms, 2007–2021
Figure 33:
Exports, In Value Terms, 2007–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2007–2021
Figure 36:
Exports, In Value Terms, By Country, 2007–2021
Figure 37:
Export Prices, 2007–2021
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