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

Global Cinnamon Market Overview 2019

Cinnamon Market Size

The global cinnamon market revenue amounted to $X in 2018, surging by X% against the previous year. Over the period under review, cinnamon consumption continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2018, when the market value increased by X% year-to-year. In that year, the global cinnamon market attained its peak level, and is likely to continue its growth in the immediate term.

Cinnamon Production

In value terms, cinnamon production stood at $X in 2018 estimated in export prices. In general, cinnamon production, however, continues to indicate a strong growth. The pace of growth appeared the most rapid in 2009, with an increase of X% against the previous year. Global cinnamon production peaked in 2018, and is expected to retain its growth in the immediate term.

The countries with the highest volumes of cinnamon production in 2018 were Indonesia (X tonnes), China (X tonnes) and Viet Nam (X tonnes), together accounting for X% of global production.

From 2007 to 2018, the most notable rate of growth in terms of cinnamon production, amongst the main producing countries, was attained by Viet Nam, while the other global leaders experienced mixed trends in the production figures.

Global average cinnamon yield amounted to X kg per ha in 2018, reducing by -X% against the previous year. Over the period under review, cinnamon yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, with an increase of X% y-o-y. In that year, the average cinnamon yield reached its peak level of X kg per ha. From 2015 to 2018, the growth of the average cinnamon yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the global cinnamon harvested area stood at X ha, going up by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2011, when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to cinnamon production attained its maximum in 2018, and is likely to continue its growth in the near future.

Cinnamon Exports

Exports 2007-2018

In 2018, the global exports of cinnamon (canella) totaled X tonnes, reducing by -X% against the previous year. In general, cinnamon exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010, when the exports increased by X% y-o-y. Global exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, cinnamon exports totaled $X in 2018. Over the period under review, cinnamon exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2011, with an increase of X% year-to-year. Global exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Viet Nam (X tonnes) and Indonesia (X tonnes) represented the main exporters of cinnamon (canella) in 2018, accounting for approx. X% and X% of total exports, respectively. China (X tonnes) occupied the next position in the ranking, followed by Sri Lanka (X tonnes). All these countries together took near X% share of total exports. The United Arab Emirates (X tonnes), the Netherlands (X tonnes) and Madagascar (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Viet Nam, while the other global leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Indonesia ($X) and Viet Nam ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of global exports. These countries were followed by China, the Netherlands, Madagascar and the United Arab Emirates, which together accounted for a further X the main exporting countries, Madagascar recorded the highest growth rate of exports, over the last decade, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average cinnamon export price amounted to $X per kg, rising by X% against the previous year. Over the period under review, the export price indicated a strong increase from 2007 to 2018: 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 most prominent rate of growth was recorded in 2018, an increase of X% against the previous year. In that year, the average export prices for cinnamon (canella) reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Sri Lanka ($X per tonne), while the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

Cinnamon Imports

Imports 2007-2018

In 2018, the amount of cinnamon (canella) imported worldwide totaled X tonnes, increasing by X% against the previous year. In general, the total imports indicated a remarkable growth from 2007 to 2018: its volume 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 2018 figures, the cinnamon imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. Global imports peaked in 2018, and are expected to retain its growth in the immediate term.

In value terms, cinnamon imports totaled $X in 2018. In general, cinnamon imports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2014, with an increase of X% year-to-year. Global imports peaked in 2018, and are likely to continue its growth in the near future.

Imports by Country

The imports of the three major importers of cinnamon (canella), namely India, Mexico and the U.S., represented more than half of total import. The Netherlands (X tonnes), Saudi Arabia (X tonnes), Germany (X tonnes), the United Arab Emirates (X tonnes), Pakistan (X tonnes), Iran (X tonnes) and Brazil (X tonnes) followed a long way behind the leaders.

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

In value terms, the largest cinnamon importing markets worldwide were the U.S. ($X), Mexico ($X) and India ($X), together comprising X% of global imports. These countries were followed by the Netherlands, Germany, Brazil, the United Arab Emirates, Saudi Arabia, Pakistan and Iran, which together accounted for a further X the main importing countries, Brazil recorded the highest rates of growth with regard to imports, over the last decade, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average cinnamon import price stood at $X per kg in 2018, jumping by X% against the previous year. Over the period under review, the import price indicated a strong growth from 2007 to 2018: 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 2018 figures, the cinnamon import price increased by +X% against 2013 indices. The growth pace was the most rapid in 2008, when the average import price increased by X% against the previous 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.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per tonne), while Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Brazil, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform