South Africa: Cinnamon Market 2022

Cinnamon Market Size in South Africa

For the eighth consecutive year, the South African cinnamon market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Cinnamon Exports

Exports from South Africa

In 2021, shipments abroad of cinnamon (canella) increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted resilient growth. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cinnamon exports expanded sharply to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Botswana (X tons), Zambia (X tons) and Namibia (X tons) were the main destinations of cinnamon exports from South Africa, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in Botswana (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cinnamon exported from South Africa were Botswana ($X), Zambia ($X) and the United States ($X), together comprising X% of total exports.

Botswana, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cinnamon export price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Cinnamon Imports

Imports into South Africa

In 2021, imports of cinnamon (canella) into South Africa soared to X tons, picking up by X% compared with the previous year's figure. Overall, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cinnamon imports soared to $X in 2021. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Vietnam (X tons) and India (X tons) were the main suppliers of cinnamon imports to South Africa, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

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

Among the main suppliers, India, with a CAGR of +X%, saw the highest rates of growth with regard to 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

The average cinnamon import price stood at $X per ton in 2021, dropping by -X% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price 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. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2020, and then contracted in the following year.

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

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

Source: IndexBox Market Intelligence Platform

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