United Arab Emirates: Cinnamon Market 2024

Cinnamon Market Size in the United Arab Emirates

The cinnamon market in the United Arab Emirates contracted markedly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a slight shrinkage. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cinnamon Production in the United Arab Emirates

In value terms, cinnamon production stood at $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. Cinnamon production peaked in 2022 and is likely to see gradual growth in years to come.

In 2022, the average cinnamon yield in the United Arab Emirates totaled less than X kg per ha, remaining stable against the year before. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cinnamon (canella) production in the United Arab Emirates totaled less than X ha, remaining stable against the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Cinnamon Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of cinnamon (canella) increased by X% to X tons, rising for the fourth year in a row after four years of decline. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, cinnamon exports surged to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Sudan (X tons), Yemen (X tons) and South Sudan (X tons) were the main destinations of cinnamon exports from the United Arab Emirates, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cinnamon exported from the United Arab Emirates were Yemen ($X), Sudan ($X) and China ($X), with a combined X% share of total exports.

Among the main countries of destination, Yemen, with a CAGR of X%, saw the highest growth rate of 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 2022, the average cinnamon export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in supplies from abroad of cinnamon (canella), which increased by X% to X tons in 2022. In general, imports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cinnamon imports reduced to $X in 2022. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest cinnamon supplier to the United Arab Emirates, with a X% share of total imports. Moreover, cinnamon imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of cinnamon (canella) to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average cinnamon import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cinnamon import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :