Ireland: Cinnamon Market Overview 2021

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?

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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 Ireland?

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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?

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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?

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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?

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The average cinnamon import price stood at $8,531 per tonne in 2019, rising by 18% against the previous year.