Latest Report Update: Dec 29, 2019

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

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Thailand: Cinnamon Market Overview 2020

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Cinnamon Market Size in Thailand

The revenue of the cinnamon market in Thailand amounted to $X in 2018, going up 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). Over the period under review, cinnamon consumption, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the cinnamon market reached its maximum level in 2018 and is expected to retain its growth in the near future.

Cinnamon Exports

Exports from Thailand

In 2018, the exports of cinnamon (canella) from Thailand amounted to X tonnes, growing by X% against the previous year. Overall, cinnamon exports, however, continue to indicate an abrupt reduction. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. 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. In general, cinnamon exports, however, continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, cinnamon exports attained their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

India (X tonnes) was the main destination for cinnamon exports from Thailand, accounting for a X% share of total exports. Moreover, cinnamon exports to India exceeded the volume sent to the second major destination, Colombia (X tonnes), threefold. The third position in this ranking was occupied by Myanmar (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to India stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-X% per year) and Myanmar (+X% per year).

In value terms, the U.S. ($X), India ($X) and Colombia ($X) constituted the largest markets for cinnamon exported from Thailand worldwide, together comprising X% of total exports. Australia, the Netherlands, the UK, Panama, Germany, Canada, Maldives, Qatar and Myanmar lagged somewhat behind, together accounting for a further X UK (+X% per year) experienced the highest growth rate of exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average cinnamon export price amounted to $X per tonne, remaining relatively unchanged against the previous year. Overall, the cinnamon export price, however, continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. In that year, the average export prices for cinnamon (canella) reached their peak level of $X per tonne, and then declined slightly in the following year.

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

Cinnamon Imports

Imports into Thailand

In 2018, the amount of cinnamon (canella) imported into Thailand totaled X tonnes, approximately equating the previous year. Overall, cinnamon imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, cinnamon imports totaled $X in 2018. Overall, cinnamon imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, Indonesia (X tonnes) constituted the largest supplier of cinnamon to Thailand, with a X% share of total imports. Moreover, cinnamon imports from Indonesia exceeded the figures recorded by the second-largest supplier, Viet Nam (X tonnes), more than tenfold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (-X% per year) and China (+X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of cinnamon to Thailand, comprising X% of total cinnamon imports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Indonesia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (+X% per year) and China (+X% per year).

Import Prices by Country

In 2018, the average cinnamon import price amounted to $X per tonne, picking up by X% against the previous year. In general, the cinnamon import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2017 when the average import price increased by X% y-o-y. The import price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Viet Nam ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2018, 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

Product coverage:
• FCL 693 - Cinnamon (canella)

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


Country coverage:
• Thailand

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Thailand
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
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, 2007–2018
Figure 22:
Production, In Value Terms, 2007–2018
Figure 23:
Area Harvested, 2007–2018
Figure 24:
Yield, 2007–2018
Figure 25:
Imports, In Physical Terms, 2007–2018
Figure 26:
Imports, In Value Terms, 2007–2018
Figure 27:
Imports, In Physical Terms, By Country, 2018
Figure 28:
Imports, In Physical Terms, By Country, 2007–2018
Figure 29:
Imports, In Value Terms, By Country, 2007–2018
Figure 30:
Import Prices, By Country Of Origin, 2007–2018
Figure 31:
Exports, In Physical Terms, 2007–2018
Figure 32:
Exports, In Value Terms, 2007–2018
Figure 33:
Exports, In Physical Terms, By Country, 2018
Figure 34:
Exports, In Physical Terms, By Country, 2007–2018
Figure 35:
Exports, In Value Terms, By Country, 2007–2018
Figure 36:
Export Prices, By Country Of Destination, 2007–2018

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