Global Cinnamon Market 2022

Cinnamon Market Size

For the sixth year in a row, the global cinnamon market recorded growth in sales value, which increased by X% to $X in 2021. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2012 indices. Over the period under review, the global market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Cinnamon Production

In value terms, cinnamon production contracted to $X in 2021 estimated in export prices. Over the period under review, production, however, enjoyed a prominent increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, global production attained the peak level at $X in 2020, and then fell slightly in the following year.

The countries with the highest volumes of cinnamon production in 2021 were Indonesia (X tonnes), China (X tonnes) and Vietnam (X tonnes), together comprising X% of global production.

From 2012 to 2021, the biggest increases were in Vietnam (+X%), while cinnamon production for the other global leaders experienced more modest paces of growth.

In 2021, the global average cinnamon yield contracted to X kg per ha, which is down by -X% compared with 2020 figures. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% year-to-year. As a result, the yield reached the peak level of X kg per ha, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the global harvested area of cinnamon (canella) rose slightly to X ha, increasing by X% on 2020 figures. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to cinnamon production reached the maximum in 2021 and is likely to see steady growth in the near future.

Production By Country

The countries with the highest volumes of cinnamon production in 2021 were Indonesia (X tonnes), China (X tonnes) and Vietnam (X tonnes), together comprising X% of global production.

From 2012 to 2021, the most notable rate of growth in terms of cinnamon production, amongst the key producing countries, was attained by Vietnam (+X%), while cinnamon production for the other global leaders experienced more modest paces of growth.

Cinnamon Exports

Exports

In 2021, global exports of cinnamon (canella) fell to X tonnes, dropping by -X% against the previous year. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2020 when exports increased by X% year-to-year. As a result, the exports attained the peak of X tonnes, and then contracted in the following year.

In value terms, cinnamon exports declined to $X in 2021. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by X% year-to-year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

China (X tonnes) and Vietnam (X tonnes) represented roughly X% of total exports of cinnamon (canella) in 2021. It was distantly followed by Indonesia (X tonnes) and Sri Lanka (X tonnes), together making up a X% share of total exports. The Netherlands (X tonnes) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Vietnam (+X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Sri Lanka ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2021, together comprising X% of global exports.

Vietnam, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cinnamon export price amounted to $X per tonne, declining by -X% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cinnamon export price increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% year-to-year. Over the period under review, the average export prices hit record highs at $X per tonne in 2020, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sri Lanka ($X per tonne), while Vietnam ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+X%), while the other global leaders experienced more modest paces of growth.

Cinnamon Imports

Imports

In 2021, global cinnamon imports rose remarkably to X tonnes, increasing by X% on 2020. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. Over the period under review, global imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, cinnamon imports rose notably to $X in 2021. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, India (X tonnes), Bangladesh (X tonnes) and the United States (X tonnes) represented the largest importer of cinnamon (canella) in the world, constituting X% of total import. It was distantly followed by Vietnam (X tonnes), constituting a X% share of total imports. The following importers - Mexico (X tonnes), the Netherlands (X tonnes), the United Arab Emirates (X tonnes), Pakistan (X tonnes), Saudi Arabia (X tonnes), Germany (X tonnes) and Iran (X tonnes) - together made up X% of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (+X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Mexico ($X) were the countries with the highest levels of imports in 2021, together accounting for X% of global imports. Vietnam, Bangladesh, the Netherlands, Germany, the United Arab Emirates, Saudi Arabia, Iran and Pakistan lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average cinnamon import price stood at $X per tonne in 2021, with a decrease of -X% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cinnamon import price increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Global import price peaked at $X per tonne in 2020, and then declined in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform