Latest Report Update: Nov 16, 2021

Spain - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Spain: Cinnamon Market Overview 2021

Cinnamon Market Size in Spain

The Spanish cinnamon market declined slightly to $X in 2020, falling 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, consumption showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X, and then declined in the following year.

Cinnamon Exports

Exports from Spain

After two years of decline, shipments abroad of cinnamon (canella) increased by X% to X tonnes in 2020. Over the period under review, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2020 and are likely to see steady growth in the near future.

In value terms, cinnamon exports skyrocketed to $X in 2020. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. Exports peaked in 2020 and are likely to see gradual growth in years to come.

Exports by Country

The UK (X tonnes), Portugal (X tonnes) and France (X tonnes) were the main destinations of cinnamon exports from Spain, together comprising X% of total exports. These countries were followed by Italy, Poland, Costa Rica, Morocco, the Netherlands, Nicaragua, Viet Nam, Belgium, Mexico and Greece, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Italy ($X) were the largest markets for cinnamon exported from Spain worldwide, with a combined X% share of total exports. Portugal, Costa Rica, Poland, Mexico, Morocco, Belgium, Nicaragua, Greece, the Netherlands and Viet Nam lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Morocco (+X% per year) recorded the highest rates of growth with regard to 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 2020, the average cinnamon export price amounted to $X per tonne, falling by -X% against the previous year. In general, export price indicated measured growth from 2007 to 2020: its price 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. The growth pace was the most rapid in 2010 an increase of X% against the previous year. The export price peaked at $X per tonne in 2019, and then fell markedly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per tonne), while the average price for exports to Portugal ($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 Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Spain

In 2020, imports of cinnamon (canella) into Spain soared to X tonnes, with an increase of X% compared with 2019. Overall, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in years to come.

In value terms, cinnamon imports expanded sharply to $X in 2020. In general, imports continue to indicate a strong increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the near future.

Imports by Country

In 2020, Viet Nam (X tonnes) constituted the largest cinnamon supplier to Spain, with a X% share of total imports. Moreover, cinnamon imports from Viet Nam exceeded the figures recorded by the second-largest supplier, Indonesia (X tonnes), twofold. Madagascar (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Viet Nam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Madagascar (+X% per year).

In value terms, Sri Lanka ($X), Viet Nam ($X) and Indonesia ($X) constituted the largest cinnamon suppliers to Spain, with a combined X% share of total imports.

Viet Nam (+X% per year) recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average cinnamon import price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, 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 52% share of global consumption. Bangladesh, Mexico, Pakistan, Sri Lanka, the United Arab Emirates, Saudi Arabia and Brazil lagged somewhat behind, together accounting for a further 18%.
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 (61K tonnes), with a combined 86% share of global production.
What are the leading suppliers of cinnamon (canella) to Spain?
+
In value terms, Sri Lanka ($4.7M), Viet Nam ($3M) and Indonesia ($1.5M) constituted the largest cinnamon suppliers to Spain, with a combined 73% share of total imports.
What are the leading importers of cinnamon (canella) from Spain?
+
In value terms, the largest markets for cinnamon exported from Spain were the UK ($829K), France ($485K) and Italy ($412K), with a combined 47% share of total exports. These countries were followed by Portugal, Costa Rica, Poland, Mexico, Morocco, Belgium, Nicaragua, Greece, the Netherlands and Viet Nam, which together accounted for a further 35%.
What is the average export price for cinnamon (canella) in Spain?
+
The average cinnamon export price stood at $4,576 per tonne in 2020, shrinking by -15.4% against the previous year.
What is the average import price for cinnamon (canella) in Spain?
+
The average cinnamon import price stood at $4,882 per tonne in 2020, declining by -6.6% against the previous year.

Product coverage:
• FCL 693 - Cinnamon (canella)

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Spain
• 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
Biodiesel Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global biodiesel market.



Monday, December 20th, 2021 @ 04:00 pm ET


Register
Biogas Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global biogas market.



Thursday, November 18th, 2021 @ 04:00 pm ET

Webinar: Global Animal Feed Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global animal feed market.



Thursday, February 11th, 2021 @ 04:00 pm ET

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data