Netherlands: Cinnamon Market 2022

Cinnamon Market Size in the Netherlands

The Dutch cinnamon market contracted sharply to $X in 2021, which is down 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, however, enjoyed a strong increase. Cinnamon consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Cinnamon Exports

Exports from the Netherlands

In 2021, after four years of decline, there was significant growth in overseas shipments of cinnamon (canella), when their volume increased by X% to X tonnes. In general, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. As a result, the exports reached the peak of X tonnes. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, cinnamon exports surged to $X in 2021. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tonnes) was the main destination for cinnamon exports from the Netherlands, accounting for a X% share of total exports. Moreover, cinnamon exports to Germany exceeded the volume sent to the second major destination, Austria (X tonnes), twofold. The third position in this ranking was occupied by Belgium (X tonnes), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Belgium (+X% per year).

In value terms, Germany ($X) remains the key foreign market for cinnamon exports from the Netherlands, comprising X% of total exports. The second position in the ranking was occupied by Austria ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+X% per year) and Belgium (+X% per year).

Export Prices by Country

The average cinnamon export price stood at $X per tonne in 2021, increasing by X% against the previous year. In general, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% y-o-y. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Belgium ($X per tonne) and Spain ($X per tonne), while the average price for exports to Finland ($X per tonne) and Slovakia ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into the Netherlands

In 2021, imports of cinnamon (canella) into the Netherlands declined slightly to X tonnes, reducing by -X% on 2020 figures. In general, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, cinnamon imports rose notably to $X in 2021. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Indonesia (X tonnes) constituted the largest supplier of cinnamon to the Netherlands, accounting for a X% share of total imports. Moreover, cinnamon imports from Indonesia exceeded the figures recorded by the second-largest supplier, Vietnam (X tonnes), twofold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and France (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from Indonesia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Madagascar (+X% per year).

Import Prices by Country

In 2021, the average cinnamon import price amounted to $X per tonne, surging by X% against the previous year. In general, the import price saw a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform