Germany: Cinnamon Market 2024

Cinnamon Market Size in Germany

The German cinnamon market contracted to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a prominent increase. Cinnamon consumption peaked at $X in 2021, and then declined modestly in the following year.

Cinnamon Exports

Exports from Germany

Cinnamon exports from Germany reached X tons in 2022, growing by X% against 2021. In general, total exports indicated prominent growth 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cinnamon exports fell modestly to $X in 2022. Overall, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for cinnamon exports from Germany, with a X% share of total exports. Moreover, cinnamon exports to Poland exceeded the volume sent to the second major destination, Denmark (X tons), fivefold. France (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and France (X% per year).

In value terms, Poland ($X) remains the key foreign market for cinnamon (canella) exports from Germany, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports. It was followed by Austria, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average cinnamon export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, export price indicated strong growth 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. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Germany

In 2022, imports of cinnamon (canella) into Germany reduced modestly to X tons, remaining stable against the year before. In general, total imports indicated a resilient expansion 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined modestly in the following year.

In value terms, cinnamon imports reached $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Vietnam (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of cinnamon imports to Germany, with a combined X% share of total imports. Indonesia, Madagascar, Sri Lanka and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Indonesia ($X) and China ($X) constituted the largest cinnamon suppliers to Germany, together comprising X% of total imports. Vietnam, Sri Lanka, Madagascar and France lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cinnamon import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price showed a prominent increase. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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