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

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Cinnamon Market Size in Mexico

In 2019, after three years of growth, there was significant decline in the Mexican cinnamon market, when its value decreased by -X% to $X. Overall, consumption, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

Cinnamon Exports

Exports from Mexico

In 2019, shipments abroad of cinnamon (canella) increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2015 to 2019, the growth exports failed to regain the momentum.

In value terms, cinnamon exports skyrocketed to $X in 2019. In general, exports saw prominent growth. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in years to come.

Exports by Country

The U.S. (X tonnes) was the main destination for cinnamon exports from Mexico, accounting for a X% share of total exports. Moreover, cinnamon exports to the U.S. exceeded the volume sent to the second major destination, Belize (X tonnes), fivefold.

From 2007 to 2019, the average annual growth rate of volume to the U.S. stood at +X%.

In value terms, the U.S. ($X) remains the key foreign market for cinnamon exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Belize ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to the U.S. totaled +X%.

Export Prices by Country

The average cinnamon export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2016; afterwards, it flattened through to 2019.

Average prices varied noticeably for the major foreign markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Belize totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Cinnamon Imports

Imports into Mexico

In 2019, overseas purchases of cinnamon (canella) decreased by -X% to X tonnes for the first time since 2015, thus ending a three-year rising trend. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes, and then dropped sharply in the following year.

In value terms, cinnamon imports shrank rapidly to $X in 2019. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2018, and then shrank markedly in the following year.

Imports by Country

In 2019, Sri Lanka (X tonnes) constituted the largest supplier of cinnamon to Mexico, with a X% share of total imports. Moreover, cinnamon imports from Sri Lanka exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), more than tenfold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Sri Lanka totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Indonesia (+X% per year).

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

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

Import Prices by Country

The average cinnamon import price stood at $X per tonne in 2019, increasing by X% against the previous year. Overall, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, 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 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cinnamon (canella) in the world?
+
The country with the largest volume of cinnamon consumption was Indonesia (53K tonnes), comprising approx. 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 Mexico?
+
In value terms, Sri Lanka ($71M) constituted the largest supplier of cinnamon to Mexico, comprising 93% of total imports. The second position in the ranking was occupied by the U.S. ($2.3M), with a 3% share of total imports. It was followed by Viet Nam, with a 2.7% share.
What are the leading importers of cinnamon (canella) from Mexico?
+
In value terms, the U.S. ($1.5M) remains the key foreign market for cinnamon exports from Mexico, comprising 79% of total exports. The second position in the ranking was occupied by Belize ($306K), with a 17% share of total exports.
What is the average export price for cinnamon (canella) in Mexico?
+
In 2019, the average cinnamon export price amounted to $3,157 per tonne, increasing by 8% against the previous year.
What is the average import price for cinnamon (canella) in Mexico?
+
The average cinnamon import price stood at $5,327 per tonne in 2019, picking up by 14% against the previous year.

Product coverage:
• FCL 693 - Cinnamon (canella)

This report provides an in-depth analysis of the cinnamon market in Mexico. 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:
• Mexico

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Mexico
• 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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