Sweden - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights

Sweden: Cinnamon Market Overview 2020

Cinnamon Market Size in Sweden

The revenue of the cinnamon market in Sweden amounted to $X in 2018, jumping 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). Overall, cinnamon consumption continues to indicate buoyant growth. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Cinnamon consumption peaked in 2018 and is likely to see steady growth in the near future.

Cinnamon Exports

Exports from Sweden

In 2018, the cinnamon exports from Sweden amounted to X tonnes, going down by -X% against the previous year. In general, cinnamon exports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, cinnamon exports amounted to $X in 2018. Over the period under review, the total exports indicated a prominent expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cinnamon exports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

Denmark (X tonnes) was the main destination for cinnamon exports from Sweden, accounting for a X% share of total exports. Moreover, cinnamon exports to Denmark exceeded the volume sent to the second major destination, Norway (X tonnes), threefold. Estonia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Denmark totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-X% per year) and Estonia (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Denmark amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and Finland (+X% per year).

Export Prices by Country

In 2018, the average cinnamon export price amounted to $X per tonne, surging by X% against the previous year. In general, the export price indicated a prominent increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of X% year-to-year. In that year, the average export prices for cinnamon (canella) attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Finland ($X per tonne), while the average price for exports to Estonia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Estonia, while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Sweden

In 2018, the cinnamon imports into Sweden amounted to X tonnes, going up by X% against the previous year. Overall, cinnamon imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. In that year, cinnamon imports attained their peak of X tonnes. From 2015 to 2018, the growth of cinnamon imports remained at a somewhat lower figure.

In value terms, cinnamon imports amounted to $X in 2018. In general, cinnamon imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

Indonesia (X tonnes), the Netherlands (X tonnes) and Estonia (X tonnes) were the main suppliers of cinnamon imports to Sweden, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Estonia, while the other leaders experienced more modest paces of growth.

In value terms, the largest cinnamon suppliers to Sweden were Indonesia ($X), the Netherlands ($X) and Estonia ($X), together comprising X% of total imports. Germany, India, Denmark and Singapore lagged somewhat behind, together accounting for a further X experienced the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average cinnamon import price amounted to $X per tonne, rising by X% against the previous year. In general, the cinnamon import price continues to indicate a remarkable expansion. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Over the period under review, the average import prices for cinnamon (canella) attained their peak figure in 2018 and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform