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

Cinnamon Market Size in Romania

In 2020, the Romanian cinnamon market increased by X% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption continues to indicate prominent growth. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in years to come.

Cinnamon Exports

Exports from Romania

Cinnamon exports from Romania declined sharply to X tonnes in 2020, which is down by -X% compared with the previous year. Over the period under review, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2019, and then reduced rapidly in the following year.

In value terms, cinnamon exports rose significantly to $X in 2020. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Exports peaked in 2020 and are likely to continue growth in years to come.

Exports by Country

Germany (X tonnes) was the main destination for cinnamon exports from Romania, accounting for a X% share of total exports. Moreover, cinnamon exports to Germany exceeded the volume sent to the second major destination, Hungary (X tonnes), twofold. Moldova (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Moldova (-X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Moldova (+X% per year).

Export Prices by Country

The average cinnamon export price stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. Over the period under review, average export prices hit record highs in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Italy ($X per tonne), while the average price for exports to Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic, while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Romania

In 2020, the amount of cinnamon (canella) imported into Romania totaled X tonnes, remaining relatively unchanged against the previous year. Overall, total imports indicated a buoyant increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2009 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, cinnamon imports rose notably to $X in 2020. In general, imports recorded a strong increase. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

Imports by Country

Germany (X tonnes), China (X tonnes) and Poland (X tonnes) were the main suppliers of cinnamon imports to Romania, together comprising X% of total imports. Viet Nam, the Netherlands, Latvia, Hungary and Austria lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cinnamon suppliers to Romania were Germany ($X), Poland ($X) and China ($X), with a combined X% share of total imports. These countries were followed by Austria, the Netherlands, Viet Nam, Hungary and Latvia, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cinnamon import price stood at $X per tonne in 2020, with an increase of X% against the previous year. In general, the import price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Austria ($X per tonne), while the price for Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cinnamon (canella) in the world?
+
The countries with the highest volumes of cinnamon consumption in 2020 were Indonesia (56K tonnes), India (49K tonnes) and the U.S. (28K tonnes), with a combined 50% share of global consumption. These countries were followed by Bangladesh, Mexico, Pakistan, Sri Lanka, the United Arab Emirates, Saudi Arabia and Iran, which together accounted for a further 19%.
What are the largest producers of cinnamon (canella) in the world?
+
The countries with the highest volumes of cinnamon production in 2020 were Indonesia (89K tonnes), China (86K tonnes) and Viet Nam (53K tonnes), with a combined 87% share of global production.
What are the leading suppliers of cinnamon (canella) to Romania?
+
In value terms, the largest cinnamon suppliers to Romania were Germany ($386K), Poland ($254K) and China ($165K), together comprising 58% of total imports. These countries were followed by Austria, the Netherlands, Viet Nam, Hungary and Latvia, which together accounted for a further 30%.
What are the leading importers of cinnamon (canella) from Romania?
+
In value terms, Germany ($178K) remains the key foreign market for cinnamon exports from Romania, comprising 48% of total exports. The second position in the ranking was occupied by Italy ($49K), with a 13% share of total exports. It was followed by Moldova, with a 7.6% share.
What is the average export price for cinnamon (canella) in Romania?
+
In 2020, the average cinnamon export price amounted to $12,631 per tonne, picking up by 32% against the previous year.
What is the average import price for cinnamon (canella) in Romania?
+
In 2020, the average cinnamon import price amounted to $5,239 per tonne, with an increase of 12% against the previous year.

Product coverage:
• FCL 693 - Cinnamon (canella)

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

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

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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