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Ireland - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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Ireland: Cinnamon Market Overview 2021

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Cinnamon Market Size in Ireland

For the third year in a row, the Irish cinnamon market recorded decline in sales value, which decreased by -X% to $X in 2019. In general, consumption, however, showed perceptible growth. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2017 to 2019, the growth of the market remained at a lower figure.

Cinnamon Production in Ireland

In value terms, cinnamon production declined significantly to $X in 2019 estimated in export prices. Over the period under review, production recorded a dramatic slump. The growth pace was the most rapid in 2011 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2012 to 2019, production growth remained at a somewhat lower figure.

In 2019, the average cinnamon yield in Ireland totaled X kg per ha, approximately equating 2018 figures. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the cinnamon harvested area in Ireland was estimated at X ha, standing approx. at the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Cinnamon Exports

Exports from Ireland

For the sixth consecutive year, Ireland recorded decline in shipments abroad of cinnamon (canella), which decreased by -X% to X tonnes in 2019. Over the period under review, total exports indicated prominent growth 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 2012 indices. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

In value terms, cinnamon exports expanded notably to $X in 2019. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure in 2019 and are expected to retain growth in the near future.

Exports by Country

Greece (X tonnes) was the main destination for cinnamon exports from Ireland, with a X% share of total exports. Moreover, cinnamon exports to Greece exceeded the volume sent to the second major destination, the UK (X tonnes), fivefold. The Netherlands (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and the Netherlands (-X% per year).

In value terms, Greece ($X) emerged as the key foreign market for cinnamon exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Germany (X% per year).

Export Prices by Country

The average cinnamon export price stood at $X per tonne in 2019, rising by X% against the previous year. In general, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to the Netherlands ($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 the UK, while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Ireland

For the third consecutive year, Ireland recorded decline in purchases abroad of cinnamon (canella), which decreased by -X% to X tonnes in 2019. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2017 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, cinnamon imports expanded rapidly to $X in 2019. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Viet Nam (X tonnes) constituted the largest cinnamon supplier to Ireland, with a X% share of total imports. Moreover, cinnamon imports from Viet Nam exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), twofold. The third position in this ranking was occupied by Sri Lanka (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Viet Nam stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Sri Lanka (+X% per year).

In value terms, Viet Nam ($X) constituted the largest supplier of cinnamon to Ireland, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Viet Nam stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2019, the average cinnamon import price amounted to $X per tonne, picking up by X% against the previous year. In general, import price indicated a slight expansion from 2007 to 2019: its price 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. The growth pace was the most rapid in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, 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?
+
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?
+
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 Ireland?
+
In value terms, Viet Nam ($326K) constituted the largest supplier of cinnamon to Ireland, comprising 38% of total imports. The second position in the ranking was occupied by the UK ($159K), with a 18% share of total imports. It was followed by Indonesia, with a 14% share.
What are the leading importers of cinnamon (canella) from Ireland?
+
In value terms, Greece ($195K) emerged as the key foreign market for cinnamon exports from Ireland, comprising 67% of total exports. The second position in the ranking was occupied by the UK ($59K), with a 20% share of total exports. It was followed by Germany, with a 7.6% share.
What is the average export price for cinnamon (canella) in Ireland?
+
The average cinnamon export price stood at $6,931 per tonne in 2019, picking up by 15% against the previous year.
What is the average import price for cinnamon (canella) in Ireland?
+
The average cinnamon import price stood at $8,531 per tonne in 2019, rising by 18% against the previous year.

Product coverage:
• FCL 693 - Cinnamon (canella)

This report provides an in-depth analysis of the cinnamon market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ireland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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