South Africa: Cinnamon Market Overview 2021

Cinnamon Market Size in South Africa

For the sixth year in a row, the South African cinnamon market recorded growth in sales value, which increased by X% to $X in 2019. In general, consumption posted a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Cinnamon consumption peaked in 2019 and is expected to retain growth in the near future.

Cinnamon Exports

Exports from South Africa

In 2019, after three years of growth, there was significant decline in overseas shipments of cinnamon (canella), when their volume decreased by -X% to X tonnes. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2018, and then dropped markedly in the following year.

In value terms, cinnamon exports fell markedly to $X in 2019. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2018, and then fell notably in the following year.

Exports by Country

Botswana (X tonnes), Zambia (X tonnes) and Namibia (X tonnes) were the main destinations of cinnamon exports from South Africa, together accounting for X% of total exports. The U.S., Zimbabwe, Swaziland, the United Arab Emirates, Sweden, Malawi, Canada, Nigeria, Angola and Mozambique lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Zambia ($X) and the U.S. ($X) were the largest markets for cinnamon exported from South Africa worldwide, with a combined X% share of total exports. Namibia, Swaziland, Zimbabwe, Sweden, Canada, Malawi, the United Arab Emirates, Angola, Mozambique and Nigeria lagged somewhat behind, together comprising a further X terms of the main countries of destination, Canada saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average cinnamon export price amounted to $X per tonne, approximately reflecting the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 an increase of X% against the previous year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Canada ($X per tonne), while the average price for exports to Namibia ($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 Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into South Africa

In 2019, purchases abroad of cinnamon (canella) increased by X% to X tonnes, rising for the sixth year in a row after two years of decline. Over the period under review, total imports indicated a measured expansion from 2007 to 2019: its volume increased 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, imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, imports reached the maximum in 2019 and are likely to see steady growth in the near future.

In value terms, cinnamon imports soared to $X in 2019. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, China (X tonnes) constituted the largest cinnamon supplier to South Africa, with a X% share of total imports. Moreover, cinnamon imports from China exceeded the figures recorded by the second-largest supplier, India (X tonnes), twofold. The third position in this ranking was occupied by the Philippines (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the Philippines (+X% per year).

In value terms, China ($X), Viet Nam ($X) and India ($X) appeared to be the largest cinnamon suppliers to South Africa, together accounting for X% of total imports.

Among the main suppliers, Viet Nam recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average cinnamon import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, import price indicated a measured expansion 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 2009 indices. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% y-o-y. The import price peaked in 2019 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was Sri Lanka ($X per tonne), while the price for Singapore ($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 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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The country with the largest volume of cinnamon consumption was Indonesia (53K tonnes), 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), together comprising 88% of global production.

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

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In value terms, China ($944K), Viet Nam ($616K) and India ($562K) were the largest cinnamon suppliers to South Africa, together accounting for 69% of total imports.

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

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In value terms, the largest markets for cinnamon exported from South Africa were Botswana ($43K), Zambia ($28K) and the U.S. ($18K), with a combined 55% share of total exports. Namibia, Swaziland, Zimbabwe, Sweden, Canada, Malawi, the United Arab Emirates, Angola, Mozambique and Nigeria lagged somewhat behind, together accounting for a further 36%.

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

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The average cinnamon export price stood at $4,085 per tonne in 2019, standing approx. at the previous year.

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

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The average cinnamon import price stood at $2,852 per tonne in 2019, growing by 9.7% against the previous year.