Sweden: Cinnamon Market Overview 2021

Cinnamon Market Size in Sweden

In 2019, the Swedish cinnamon market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Overall, consumption, however, showed a strong increase. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2018, and then dropped in the following year.

Cinnamon Exports

Exports from Sweden

In 2019, approx. X tonnes of cinnamon (canella) were exported from Sweden; increasing by X% against the previous year. Overall, exports continue to indicate a noticeable expansion. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum in 2019 and are likely to see steady growth in the immediate term.

In value terms, cinnamon exports skyrocketed to $X in 2019. In general, exports recorded resilient growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

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

From 2007 to 2019, the average annual rate of growth in terms of volume to Norway totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and Denmark (+X% per year).

In value terms, the largest markets for cinnamon exported from Sweden were Denmark ($X), Norway ($X) and Finland ($X), together accounting for X% of total exports. These countries were followed by Estonia and Indonesia, which together accounted for a further X the main countries of destination, Estonia 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

The average cinnamon export price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2007 to 2019: its price 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, cinnamon export price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

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

Cinnamon Imports

Imports into Sweden

In 2019, approx. X tonnes of cinnamon (canella) were imported into Sweden; growing by X% against 2018 figures. The total import volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, cinnamon imports expanded remarkably to $X in 2019. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum in 2019 and are likely to see steady growth in years to come.

Imports by Country

Indonesia (X tonnes), the Netherlands (X tonnes) and Estonia (X tonnes) were the main suppliers of cinnamon imports to Sweden, together comprising X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cinnamon suppliers to Sweden were Indonesia ($X), Estonia ($X) and the Netherlands ($X), together accounting for X% of total imports. These countries were followed by Germany and Singapore, which together accounted for a further X terms of the main suppliers, Germany 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 tonne in 2019, leveling off at the previous year. Overall, the import price showed strong growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Estonia ($X per tonne), while the price for Singapore ($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), comprising approx. 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), with a combined 88% share of global production.

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

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In value terms, the largest cinnamon suppliers to Sweden were Indonesia ($1.7M), Estonia ($1.1M) and the Netherlands ($1M), with a combined 81% share of total imports. Germany and Singapore lagged somewhat behind, together comprising a further 11%.

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

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In value terms, the largest markets for cinnamon exported from Sweden were Denmark ($929K), Norway ($556K) and Finland ($357K), with a combined 84% share of total exports. These countries were followed by Estonia and Indonesia, which together accounted for a further 14%.

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

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The average cinnamon export price stood at $7,896 per tonne in 2019, increasing by 4.7% against the previous year.

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

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In 2019, the average cinnamon import price amounted to $5,330 per tonne, approximately mirroring the previous year.