Germany: Cinnamon Market Overview 2021

Cinnamon Market Size in Germany

For the fourth consecutive year, the German cinnamon market recorded growth in sales value, which increased by X% to $X in 2019. Over the period under review, consumption, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2014 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to see gradual growth in the near future.

Cinnamon Exports

Exports from Germany

In 2019, approx. X tonnes of cinnamon (canella) were exported from Germany; with an increase of X% compared with the previous year's figure. In general, total exports indicated a perceptible increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2013 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, cinnamon exports contracted slightly to $X in 2019. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2018, and then fell in the following year.

Exports by Country

Poland (X tonnes), Austria (X tonnes) and France (X tonnes) were the main destinations of cinnamon exports from Germany, together accounting for X% of total exports. These countries were followed by Denmark, the UK, Romania, Switzerland, Sweden, Spain, Italy, the Netherlands, Canada and the Czech Republic, which together accounted for a further X 2007 to 2019, the biggest increases were in Canada (+X% per year), 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 ($X), Austria ($X) and France ($X), together comprising X% of total exports. Denmark, Switzerland, the UK, Italy, Sweden, the Netherlands, Romania, Spain, the Czech Republic and Canada lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average cinnamon export price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, export price indicated strong growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, cinnamon export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2018, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Poland ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Germany

In 2019, after three years of growth, there was decline in supplies from abroad of cinnamon (canella), when their volume decreased by -X% to X tonnes. In general, total imports indicated notable growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2018, and then dropped slightly in the following year.

In value terms, cinnamon imports expanded remarkably to $X in 2019. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

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

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Madagascar, while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Madagascar ($X) and Sri Lanka ($X) were the largest cinnamon suppliers to Germany, with a combined X% share of total imports.

Among the main suppliers, Madagascar saw the highest rates of growth with regard to the value of imports, 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 tonne in 2019, growing by X% against the previous year. In general, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Viet Nam ($X per tonne), while the price for Madagascar ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cinnamon (canella) in the world?

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Indonesia (53K tonnes) constituted the country with the largest volume of cinnamon consumption, accounting for 21% of total volume. Moreover, cinnamon consumption in Indonesia exceeded the figures recorded by the second-largest consumer, the U.S. (26K tonnes), twofold. India (23K tonnes) ranked third in terms of total consumption with a 9.2% share.

What are the largest producers of cinnamon (canella) in the world?

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The countries with the highest volumes of cinnamon production in 2019 were Indonesia (90K tonnes), China (83K tonnes) and Viet Nam (41K tonnes), together comprising 88% of global production.

What are the leading suppliers of cinnamon (canella) to Germany?

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In value terms, Indonesia ($6.2M), Madagascar ($4.1M) and Sri Lanka ($3.3M) constituted the largest cinnamon suppliers to Germany, together accounting for 60% of total imports.

What are the leading importers of cinnamon (canella) from Germany?

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In value terms, the largest markets for cinnamon exported from Germany were Poland ($1.3M), Austria ($1.3M) and France ($975K), together comprising 32% of total exports. Denmark, Switzerland, the UK, Italy, Sweden, the Netherlands, Romania, Spain, the Czech Republic and Canada lagged somewhat behind, together comprising a further 40%.

What is the average export price for cinnamon (canella) in Germany?

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In 2019, the average cinnamon export price amounted to $6,544 per tonne, which is down by -5.5% against the previous year.

What is the average import price for cinnamon (canella) in Germany?

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The average cinnamon import price stood at $4,448 per tonne in 2019, surging by 12% against the previous year.