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

Cinnamon Market Size in China

In 2020, the Chinese cinnamon market decreased by -X% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption recorded a significant decline. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Cinnamon Production in China

In value terms, cinnamon production expanded modestly to $X in 2020 estimated in export prices. Overall, production saw a resilient expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level in 2020 and is expected to retain growth in years to come.

The average yield of cinnamon (canella) in China totaled X tonnes per ha in 2020, picking up by X% compared with the previous year's figure. The yield figure 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 pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The cinnamon yield peaked in 2020 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of cinnamon (canella) were harvested in China; almost unchanged from the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to cinnamon production attained the peak figure in 2020 and is expected to retain growth in the near future.

Cinnamon Exports

Exports from China

Cinnamon exports from China surged to X tonnes in 2020, with an increase of X% on 2019. in general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, cinnamon exports skyrocketed to $X in 2020. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

Viet Nam (X tonnes) was the main destination for cinnamon exports from China, with a X% share of total exports. Moreover, cinnamon exports to Viet Nam exceeded the volume sent to the second major destination, Bangladesh (X tonnes), threefold. Pakistan (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Viet Nam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+X% per year) and Pakistan (+X% per year).

In value terms, Viet Nam ($X) emerged as the key foreign market for cinnamon exports from China, comprising X% of total exports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Viet Nam stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+X% per year) and Pakistan (+X% per year).

Export Prices by Country

The average cinnamon export price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The export price peaked in 2020 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. in 2020, the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Kenya ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Iraq, while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into China

Cinnamon imports into China surged to X tonnes in 2020, with an increase of X% on the year before. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, cinnamon imports surged to $X in 2020. in general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the near future.

Imports by Country

Indonesia (X tonnes), Myanmar (X tonnes) and Viet Nam (X tonnes) were the main suppliers of cinnamon imports to China, with a combined X% share of total imports.

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

In value terms, Indonesia ($X) constituted the largest supplier of cinnamon to China, comprising X% of total imports. The second position in the ranking was occupied by Myanmar ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Indonesia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and Viet Nam (+X% per year).

Import Prices by Country

In 2020, the average cinnamon import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per tonne), while the price for Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Myanmar, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cinnamon (canella) in the world?
+
The countries with the highest volumes of cinnamon consumption in 2020 were Indonesia (56K tonnes), India (49K tonnes) and the U.S. (28K tonnes), with a combined 50% share of global consumption. Bangladesh, Mexico, Pakistan, Sri Lanka, the United Arab Emirates, Saudi Arabia and Iran lagged somewhat behind, together comprising a further 19%.
What are the largest producers of cinnamon (canella) in the world?
+
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 87% of global production.
What are the leading suppliers of cinnamon (canella) to China?
+
In value terms, Indonesia ($2.1M) constituted the largest supplier of cinnamon to China, comprising 71% of total imports. The second position in the ranking was occupied by Myanmar ($411K), with a 14% share of total imports.
What are the leading importers of cinnamon (canella) from China?
+
In value terms, Viet Nam ($144M) emerged as the key foreign market for cinnamon exports from China, comprising 49% of total exports. The second position in the ranking was occupied by Bangladesh ($23M), with a 7.8% share of total exports. It was followed by Pakistan, with a 5.4% share.
What is the average export price for cinnamon (canella) in China?
+
The average cinnamon export price stood at $3,326 per tonne in 2020, rising by 21% against the previous year.
What is the average import price for cinnamon (canella) in China?
+
The average cinnamon import price stood at $785 per tonne in 2020, with a decrease of -20.6% against the previous year.

Product coverage:
• FCL 693 - Cinnamon (canella)

This report provides an in-depth analysis of the cinnamon market in China. 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:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

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

The Largest Destinations for Exports

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

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 in 2007–2020
Table 5:
Imports, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Value Terms, by Country, 2007–2020
Table 7:
Import Prices, by Country of Origin, 2007–2020
Table 8:
Exports, in Physical Terms, by Country, 2007–2020
Table 9:
Exports, in Value Terms, by Country, 2007–2020
Table 10:
Export Prices, by Country of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, in Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, in Value Terms, 2007–2020
Figure 5:
Trade Balance, in Physical Terms, 2007–2020
Figure 6:
Trade Balance, in Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast to 2030
Figure 9:
Products: Market Size and Growth, by Type
Figure 10:
Products: Average Per Capita Consumption, by Type
Figure 11:
Products: Exports and Growth, by Type
Figure 12:
Products: Export Prices and Growth, by Type
Figure 13:
Production Volume and Growth
Figure 14:
Yield and Growth
Figure 15:
Exports and Growth
Figure 16:
Export Prices and Growth
Figure 17:
Market Size and Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports and Growth
Figure 20:
Import Prices
Figure 21:
Production, in Physical Terms, 2007–2020
Figure 22:
Production, in Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, in Physical Terms, 2007–2020
Figure 26:
Imports, in Value Terms, 2007–2020
Figure 27:
Imports, in Physical Terms, by Country, 2020
Figure 28:
Imports, in Physical Terms, by Country, 2007–2020
Figure 29:
Imports, in Value Terms, by Country, 2007–2020
Figure 30:
Import Prices, by Country of Origin, 2007–2020
Figure 31:
Exports, in Physical Terms, 2007–2020
Figure 32:
Exports, in Value Terms, 2007–2020
Figure 33:
Exports, in Physical Terms, by Country, 2020
Figure 34:
Exports, in Physical Terms, by Country, 2007–2020
Figure 35:
Exports, in Value Terms, by Country, 2007–2020
Figure 36:
Export Prices, by Country of Destination, 2007–2020
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