Germany - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights

Germany: Cinnamon Market Overview 2020

Cinnamon Market Size in Germany

The revenue of the cinnamon market in Germany amounted to $X in 2018, 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, cinnamon consumption continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, the cinnamon market reached its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Cinnamon Exports

Exports from Germany

In 2018, the amount of cinnamon (canella) exported from Germany totaled X tonnes, stabilizing at the previous year. Overall, the total exports indicated a notable increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cinnamon 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 2018 and are likely to continue its growth in the near future.

In value terms, cinnamon exports totaled $X in 2018. Over the period under review, cinnamon exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Poland (X tonnes), France (X tonnes) and Austria (X tonnes) were the main destinations of cinnamon exports from Germany, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cinnamon exported from Germany were France ($X), Austria ($X) and Poland ($X), together comprising X% of total exports.

Poland experienced the highest growth rate of exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average cinnamon export price amounted to $X per tonne, picking up by X% against the previous year. In general, the export price indicated buoyant growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cinnamon export price increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The export price peaked in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to Romania ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Germany

In 2018, the amount of cinnamon (canella) imported into Germany stood at X tonnes, going up by X% against the previous year. Over the period under review, the total imports indicated a prominent expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cinnamon imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, cinnamon imports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, cinnamon imports stood at $X in 2018. In general, cinnamon imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, cinnamon imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, Indonesia (X tonnes) constituted the largest supplier of cinnamon to Germany, with a X% share of total imports. Moreover, cinnamon imports from Indonesia exceeded the figures recorded by the second-largest supplier, Madagascar (X tonnes), twofold. Sri Lanka (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Indonesia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+X% per year) and Sri Lanka (+X% per year).

In value terms, the largest cinnamon suppliers to Germany were Indonesia ($X), Madagascar ($X) and Sri Lanka ($X), together accounting for X% of total imports. These countries were followed by the Netherlands, China, Viet Nam and Austria, which together accounted for a further X terms of the main suppliers, Viet Nam recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average cinnamon import price amounted to $X per tonne, surging by X% against the previous year. In general, the import price indicated strong growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cinnamon import price increased by +X% against 2009 indices. The growth pace was the most rapid in 2011 when the average import price increased by X% year-to-year. The import price peaked in 2018 and is expected to retain its growth in the immediate term.

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

From 2007 to 2018, 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