Ireland: Cinnamon Market 2022

Cinnamon Market Size in Ireland

The Irish cinnamon market soared to $X in 2021, picking up 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, consumption showed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cinnamon Exports

Exports from Ireland

Cinnamon exports from Ireland soared to X tons in 2021, growing by X% compared with the previous year. In general, exports showed significant growth. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, cinnamon exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X tons) was the main destination for cinnamon exports from Ireland, with a X% share of total exports. It was followed by Malta (X kg), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +X%.

In value terms, the UK ($X) remains the key foreign market for cinnamon exports from Ireland, comprising X% of total exports. The second position in the ranking was held by Malta ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +X%.

Export Prices by Country

In 2021, the average cinnamon export price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the export price, however, posted a slight expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Malta totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%).

Cinnamon Imports

Imports into Ireland

Cinnamon imports into Ireland soared to X tons in 2021, increasing by X% on the previous year's figure. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, cinnamon imports surged to $X in 2021. In general, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), the UK (X tons) and China (X tons) were the main suppliers of cinnamon imports to Ireland, together comprising X% of total imports. These countries were followed by Sri Lanka, Vietnam, Germany and the Netherlands, which together accounted for a further X 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cinnamon suppliers to Ireland were Indonesia ($X), the UK ($X) and Sri Lanka ($X), together accounting for X% of total imports. These countries were followed by China, Germany, Vietnam and the Netherlands, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cinnamon import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sri Lanka ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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