Latest Report Update: Jan 17, 2020

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

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Vietnam: Cinnamon Market Overview 2020

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Cinnamon Market Size in Vietnam

The revenue of the cinnamon market in Viet Nam amounted to $X in 2018, falling by -X% against the previous year. In general, cinnamon consumption continues to indicate a prominent increase. The pace of growth was the most pronounced in 2014 when the market value increased by X% against the previous year. Over the period under review, the cinnamon market attained its maximum level at $X in 2016; however, from 2017 to 2018, consumption failed to regain its momentum.

Cinnamon Production in Vietnam

In value terms, cinnamon production totaled $X in 2018 estimated in export prices. Overall, cinnamon production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Cinnamon production peaked in 2018 and is likely to see steady growth in the immediate term.

In 2018, the average cinnamon yield in Viet Nam amounted to X kg per ha, remaining stable against the previous year. Overall, the cinnamon yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when yield increased by X% y-o-y. Over the period under review, the average cinnamon yield reached its maximum level at X kg per ha in 2009; however, from 2010 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of cinnamon (canella) production in Viet Nam amounted to X ha, increasing by X% against the previous year. In general, the cinnamon harvested area continues to indicate resilient growth. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to cinnamon production attained its peak figure in 2018 and is expected to retain its growth in the near future.

Cinnamon Exports

Exports from Vietnam

Cinnamon exports from Viet Nam amounted to X tonnes in 2018, surging by X% against the previous year. In general, cinnamon exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, cinnamon exports amounted to $X in 2018. Over the period under review, cinnamon exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Exports peaked 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 Viet Nam, with a X% share of total exports. Moreover, cinnamon exports to India exceeded the volume sent to the second major destination, the U.S. (X tonnes), fivefold. Bangladesh (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 India stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and Bangladesh (+X% per year).

In value terms, India ($X) remains the key foreign market for cinnamon exports from Viet Nam, comprising X% of total cinnamon exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

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

Export Prices by Country

The average cinnamon export price stood at $X per tonne in 2018, going up by X% against the previous year. Over the period under review, the cinnamon export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for cinnamon (canella) reached their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Taiwan, Chinese ($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 South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Vietnam

In 2018, the cinnamon imports into Viet Nam stood at X tonnes, rising by X% against the previous year. Over the period under review, cinnamon imports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, cinnamon imports stood at $X in 2018. Over the period under review, cinnamon imports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, cinnamon imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, Indonesia (X tonnes) constituted the largest supplier of cinnamon to Viet Nam, with a X% share of total imports. Moreover, cinnamon imports from Indonesia exceeded the figures recorded by the second-largest supplier, Madagascar (X tonnes), sevenfold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Indonesia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+X% per year) and China (+X% per year).

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

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

Import Prices by Country

In 2018, the average cinnamon import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the cinnamon import price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% against the previous year. The import price peaked in 2018 and is expected to retain its growth in the immediate term.

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

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