Norway: Cinnamon Market Overview 2021

Cinnamon Market Size in Norway

After four years of growth, the Norwegian cinnamon market decreased by -X% to $X in 2019. In general, the total consumption indicated a buoyant expansion from 2007 to 2019: its value decreased 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, consumption increased by +X% against 2013 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2018, and then reduced modestly in the following year.

Cinnamon Exports

Exports from Norway

In 2019, approx. X kg of cinnamon (canella) were exported from Norway; which is down by -X% compared with 2018 figures. Overall, exports showed a significant curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2017 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, cinnamon exports dropped sharply to $X in 2019. In general, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Exports peaked at $X in 2018, and then declined sharply in the following year.

Exports by Country

The UK (X kg), the Netherlands (X kg) and Denmark (X kg) were the main destinations of cinnamon exports from Norway, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (+X% per year), while exports for the other leaders experienced a decline.

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

From 2007 to 2019, the average annual growth rate of value to the Netherlands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Denmark (-X% per year).

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. In general, the export price posted prominent growth. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices remained at a lower figure.

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

Cinnamon Imports

Imports into Norway

In 2019, cinnamon imports into Norway contracted to X tonnes, which is down by -X% against the previous year's figure. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2018, and then contracted in the following year.

In value terms, cinnamon imports shrank modestly to $X in 2019. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2018, and then dropped in the following year.

Imports by Country

In 2019, Indonesia (X tonnes) constituted the largest cinnamon supplier to Norway, with a X% share of total imports. Moreover, cinnamon imports from Indonesia exceeded the figures recorded by the second-largest supplier, Viet Nam (X tonnes), ninefold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and the Netherlands (+X% per year).

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

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

Import Prices by Country

The average cinnamon import price stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, import price indicated buoyant growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, cinnamon import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Sri Lanka ($X per tonne), while the price for Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands, 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. The third position in this ranking was occupied by India (23K tonnes), 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), with a combined 88% share of global production.

What are the leading suppliers of cinnamon (canella) to Norway?

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In value terms, Indonesia ($973K) constituted the largest supplier of cinnamon to Norway, comprising 64% of total imports. The second position in the ranking was occupied by Sri Lanka ($132K), with a 8.7% share of total imports. It was followed by the Netherlands, with a 8.5% share.

What are the leading importers of cinnamon (canella) from Norway?

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In value terms, the Netherlands ($102) remains the key foreign market for cinnamon exports from Norway, comprising 70% of total exports. The second position in the ranking was occupied by the UK ($27), with a 19% share of total exports.

What is the average export price for cinnamon (canella) in Norway?

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The average cinnamon export price stood at $7,632 per tonne in 2019, growing by 49% against the previous year.

What is the average import price for cinnamon (canella) in Norway?

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In 2019, the average cinnamon import price amounted to $8,256 per tonne, picking up by 12% against the previous year.