Germany: Cinnamon Market 2022

Cinnamon Market Size in Germany

The German cinnamon market soared to $X in 2021, growing 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 posted prominent growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Cinnamon Exports

Exports from Germany

After six years of growth, overseas shipments of cinnamon (canella) decreased by -X% to X tons in 2021. Overall, 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 2013 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, cinnamon exports shrank modestly to $X in 2021. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2020, and then fell in the following year.

Exports by Country

Poland (X tons), France (X tons) and Denmark (X tons) were the main destinations of cinnamon exports from Germany, together accounting for X% of total exports. Austria, the Czech Republic, the Netherlands, the UK, Switzerland, Spain, Italy, Sweden, Belgium and Romania lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cinnamon exported from Germany were Poland ($X), Switzerland ($X) and Austria ($X), with a combined X% share of total exports. France, Denmark, the Netherlands, the UK, Spain, Italy, the Czech Republic, Sweden, Belgium and Romania lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Belgium, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cinnamon export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated strong 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 most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Germany

In 2021, after two years of decline, there was significant growth in purchases abroad of cinnamon (canella), when their volume increased by X% to X tons. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume 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. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, cinnamon imports surged to $X in 2021. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X tons), Vietnam (X tons) and Madagascar (X tons) were the main suppliers of cinnamon imports to Germany, together accounting for X% of total imports. Indonesia, China, Sri Lanka and France lagged somewhat behind, together accounting for a further X 2012 to 2021, 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 largest cinnamon suppliers to Germany were the Netherlands ($X), Vietnam ($X) and China ($X), together accounting for X% of total imports. Indonesia, Sri Lanka, Madagascar and France lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among 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 2021, increasing by X% against the previous year. Overall, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by the country of origin: 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 2021, 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 Market Intelligence Platform

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