Report Southern Asia - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 19, 2022

Southern Asia - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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Southern Asia: Cinnamon Market 2022

Cinnamon Market Size in Southern Asia

The South Asian cinnamon market surged to $X in 2021, jumping by X% against the previous year. Over the period under review, consumption recorded a buoyant expansion. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Cinnamon Production in Southern Asia

In value terms, cinnamon production totaled $X in 2021 estimated in export prices. The total production indicated a prominent increase from 2012 to 2021: its value 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. Based on 2021 figures, production increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Sri Lanka (X tonnes) remains the largest cinnamon producing country in Southern Asia, accounting for X% of total volume.

From 2012 to 2021, the average annual growth rate of volume in Sri Lanka totaled +X%.

The average cinnamon yield expanded modestly to X kg per ha in 2021, growing by X% on the year before. The yield indicated measured growth from 2012 to 2021: its figure increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cinnamon yield decreased by -X% against 2017 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the cinnamon yield attained the maximum level at X kg per ha in 2017; however, from 2018 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of cinnamon (canella) were harvested in Southern Asia; rising by X% on the previous year's figure. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2018 when the harvested area increased by X% against the previous year. The level of harvested area peaked in 2021 and is expected to retain growth in the immediate term.

Production By Country in Southern Asia

Sri Lanka (X tonnes) constituted the country with the largest volume of cinnamon production, comprising approx. X% of total volume.

From 2012 to 2021, the average annual rate of growth in terms of volume in Sri Lanka totaled +X%.

Cinnamon Exports

Exports in Southern Asia

In 2021, approx. X tonnes of cinnamon (canella) were exported in Southern Asia; which is down by -X% compared with 2020. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tonnes. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, cinnamon exports dropped to $X in 2021. Total exports indicated a measured expansion from 2012 to 2021: its value 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. Based on 2021 figures, exports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2020, and then shrank in the following year.

Exports by Country

Sri Lanka prevails in cinnamon exports structure, accounting for X tonnes, which was approx. X% of total exports in 2021. It was distantly followed by India (X tonnes), mixing up a X% share of total exports. Nepal (X tonnes) followed a long way behind the leaders.

Sri Lanka was also the fastest-growing in terms of the cinnamon (canella) exports, with a CAGR of +X% from 2012 to 2021. India experienced a relatively flat trend pattern. Nepal (-X%) illustrated a downward trend over the same period. Sri Lanka (+X p.p.) significantly strengthened its position in terms of the total exports, while India and Nepal saw its share reduced by -X% and -X% from 2012 to 2021, respectively.

In value terms, Sri Lanka ($X) remains the largest cinnamon supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sri Lanka stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+X% per year) and Nepal (+X% per year).

Export Prices by Country

The cinnamon export price in Southern Asia stood at $X per tonne in 2021, with a decrease of -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per tonne. From 2018 to 2021, the the export prices remained at a lower figure.

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

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

Cinnamon Imports

Imports in Southern Asia

In 2021, the amount of cinnamon (canella) imported in Southern Asia soared to X tonnes, growing by X% against 2020. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, cinnamon imports rose modestly to $X in 2021. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

India (X tonnes) and Bangladesh (X tonnes) prevails in cinnamon imports structure, together mixing up X% of total imports. It was distantly followed by Pakistan (X tonnes), comprising a X% share of total imports.

From 2012 to 2021, the biggest increases were in Bangladesh (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported cinnamon (canella) in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+X% per year) and Pakistan (+X% per year).

Import Prices by Country

The cinnamon import price in Southern Asia stood at $X per tonne in 2021, falling by -X% against the previous year. Import price indicated prominent growth 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. Based on 2021 figures, cinnamon import price decreased by -X% against 2019 indices. The growth pace was the most rapid in 2014 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for cinnamon (canella) in Southern Asia?
+
The countries with the highest volumes of cinnamon consumption in 2021 were Bangladesh, India and Sri Lanka, with a combined 93% share of total consumption.
What are the largest producers of cinnamon (canella) in Southern Asia?
+
Sri Lanka constituted the country with the largest volume of cinnamon production, comprising approx. 100% of total volume.
What are the leading suppliers of cinnamon (canella) in Southern Asia?
+
In value terms, Sri Lanka remains the largest cinnamon supplier in Southern Asia, comprising 94% of total exports. The second position in the ranking was occupied by India, with a 5.4% share of total exports.
What are the leading importers of cinnamon (canella) in Southern Asia?
+
In value terms, India constitutes the largest market for imported cinnamon canella) in Southern Asia, comprising 70% of total imports. The second position in the ranking was occupied by Bangladesh, with a 23% share of total imports.
What is the average export price for cinnamon (canella) in Southern Asia?
+
In 2021, the cinnamon export price in Southern Asia amounted to $10,068 per tonne, shrinking by -1.7% against the previous year.
What is the average import price for cinnamon (canella) in Southern Asia?
+
The cinnamon import price in Southern Asia stood at $2,104 per tonne in 2021, declining by -23.6% against the previous year.

This report provides an in-depth analysis of the cinnamon market in Southern Asia. 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.


Product coverage:
• FCL 693 - Cinnamon (canella)
Country coverage:
• Afghanistan
• Bhutan
• Maldives
• Nepal

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Southern Asia, split by region and country
• Trade (exports and imports) in Southern Asia
• 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
CONSUMPTION BY COUNTRY
3.3
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 VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Bangladesh
• Bhutan
• India
• Maldives
• Nepal
• Pakistan
• Sri Lanka
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Harvested Area, By Country, 2007–2021
Table 7:
Yield, By Country, 2007–2021
Table 8:
Imports, In Physical Terms, By Country, 2007–2021
Table 9:
Imports, In Value Terms, By Country, 2007–2021
Table 10:
Import Prices, By Country Of Destination, 2007–2021
Table 11:
Exports, In Physical Terms, By Country, 2007–2021
Table 12:
Exports, In Value Terms, By Country, 2007–2021
Table 13:
Export Prices, By Country Of Origin, 2007–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2021
Figure 18:
Production, In Value Terms, 2007–2021
Figure 19:
Area Harvested, 2007–2021
Figure 20:
Yield, 2007–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2007–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2007–2021
Figure 25:
Yield, By Country, 2007–2021
Figure 26:
Imports, In Physical Terms, 2007–2021
Figure 27:
Imports, In Value Terms, 2007–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2007–2021
Figure 30:
Imports, In Value Terms, By Country, 2007–2021
Figure 31:
Import Prices, By Country, 2007–2021
Figure 32:
Exports, In Physical Terms, 2007–2021
Figure 33:
Exports, In Value Terms, 2007–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2007–2021
Figure 36:
Exports, In Value Terms, By Country, 2007–2021
Figure 37:
Export Prices, 2007–2021
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