Latest Report Update: Dec 29, 2019

Peru - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Cinnamon Market Overview 2020

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Cinnamon Market Size in Peru

The revenue of the cinnamon market in Peru amounted to $X in 2018, 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, cinnamon consumption continues to indicate resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Cinnamon consumption peaked in 2018 and is likely to continue its growth in the immediate term.

Cinnamon Exports

Exports from Peru

Cinnamon exports from Peru amounted to X tonnes in 2018, reducing by -X% against the previous year. Overall, cinnamon exports, however, continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Over the period under review, cinnamon exports attained their maximum at X tonnes in 2012; however, from 2013 to 2018, exports remained at a lower figure.

In value terms, cinnamon exports amounted to $X in 2018. Over the period under review, cinnamon exports, however, continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

Sri Lanka (X kg) was the main destination for cinnamon exports from Peru, with a X% share of total exports. Moreover, cinnamon exports to Sri Lanka exceeded the volume sent to the second major destination, Spain (X kg), twofold. The third position in this ranking was occupied by Italy (X kg), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Sri Lanka totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Italy (+X% per year).

In value terms, the largest markets for cinnamon exported from Peru were Sri Lanka ($X), Spain ($X) and Italy ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Spain experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cinnamon export price stood at $X per tonne in 2018, reducing by -X% against the previous year. Over the period under review, the cinnamon export price continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. In that year, the average export prices for cinnamon (canella) reached their peak level of $X per tonne. From 2011 to 2018, the growth in terms of the average export prices for cinnamon (canella) remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Japan ($X per tonne), while the average price for exports to Saint Vincent and the Grenadines ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced a decline.

Cinnamon Imports

Imports into Peru

In 2018, the amount of cinnamon (canella) imported into Peru stood at X tonnes, going up by X% against the previous year. Overall, cinnamon imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, cinnamon imports totaled $X in 2018. Over the period under review, cinnamon imports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Imports peaked in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Sri Lanka (X tonnes) constituted the largest cinnamon supplier to Peru, with a X% share of total imports. It was followed by China (X tonnes), with a X% share of total imports. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Sri Lanka stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Germany (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from Sri Lanka totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2018, the average cinnamon import price amounted to $X per tonne, going up by X% against the previous year. In general, the cinnamon import price continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. Over the period under review, the average import prices for cinnamon (canella) attained their peak figure in 2018 and is likely to continue its growth in the near future.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 693 - Cinnamon (canella)

This report provides an in-depth analysis of the cinnamon market in Peru. 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 2030.


Country coverage:
• Peru

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Peru
• 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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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, 2007–2018
Figure 22:
Production, In Value Terms, 2007–2018
Figure 23:
Area Harvested, 2007–2018
Figure 24:
Yield, 2007–2018
Figure 25:
Imports, In Physical Terms, 2007–2018
Figure 26:
Imports, In Value Terms, 2007–2018
Figure 27:
Imports, In Physical Terms, By Country, 2018
Figure 28:
Imports, In Physical Terms, By Country, 2007–2018
Figure 29:
Imports, In Value Terms, By Country, 2007–2018
Figure 30:
Import Prices, By Country Of Origin, 2007–2018
Figure 31:
Exports, In Physical Terms, 2007–2018
Figure 32:
Exports, In Value Terms, 2007–2018
Figure 33:
Exports, In Physical Terms, By Country, 2018
Figure 34:
Exports, In Physical Terms, By Country, 2007–2018
Figure 35:
Exports, In Value Terms, By Country, 2007–2018
Figure 36:
Export Prices, By Country Of Destination, 2007–2018

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