Germany: Cinnamon Market Overview 2021

Cinnamon Market Size in Germany

In 2020, after four years of growth, there was significant decline in the German cinnamon market, when its value decreased by -X% to $X. In general, consumption, however, saw strong growth. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2019, and then reduced sharply in the following year.

Cinnamon Exports

Exports from Germany

For the sixth year in a row, Germany recorded growth in overseas shipments of cinnamon (canella), which increased by X% to X tonnes in 2020. Over the period under review, exports enjoyed moderate growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are likely to continue growth in years to come.

In value terms, cinnamon exports surged to $X in 2020. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Exports peaked in 2020 and are likely to continue growth in years to come.

Exports by Country

Poland (X tonnes), Switzerland (X tonnes) and Austria (X tonnes) were the main destinations of cinnamon exports from Germany, together comprising X% of total exports. Denmark, France, the UK, Italy, the Czech Republic, Sweden, Spain, China, the U.S. and the Netherlands lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China, while exports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Switzerland ($X) and Poland ($X) constituted the largest markets for cinnamon exported from Germany worldwide, together comprising X% of total exports. France, Denmark, the UK, Italy, Sweden, the Netherlands, Spain, the Czech Republic, the U.S. and China lagged somewhat behind, together comprising a further X saw the highest rates of growth with regard to the value of exports, in terms of 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

The average cinnamon export price stood at $X per tonne in 2020, picking up by X% against the previous year. In general, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure in 2020 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 the Netherlands ($X per tonne), while the average price for exports to China ($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 Poland, while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Germany

In 2020, supplies from abroad of cinnamon (canella) decreased by -X% to X tonnes for the first time since 2015, thus ending a four-year rising trend. Overall, total imports indicated a pronounced expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2019, and then fell in the following year.

In value terms, cinnamon imports dropped to $X in 2020. In general, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2019, and then contracted in the following year.

Imports by Country

Indonesia (X tonnes), Viet Nam (X tonnes) and China (X tonnes) were the main suppliers of cinnamon imports to Germany, together comprising X% of total imports. These countries were followed by Madagascar, the Netherlands, Sri Lanka and Tanzania, which together accounted for a further X 2007 to 2020, the biggest increases were in Tanzania, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Madagascar ($X) appeared to be the largest cinnamon suppliers to Germany, together accounting for X% of total imports. These countries were followed by Viet Nam, the Netherlands, Sri Lanka and Tanzania, which together accounted for a further X terms of the main suppliers, Tanzania recorded 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 2020, surging by X% against the previous year. Overall, the import price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The import price peaked in 2020 and is expected to retain growth in the immediate term.

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

From 2007 to 2020, 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 Platform