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

Global Cinnamon Market Overview 2020

Cinnamon Market Size

The global cinnamon market revenue amounted to $X in 2018, reducing by -X% against the previous year. Over the period under review, the total market indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The global cinnamon consumption peaked at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Cinnamon Production

In value terms, cinnamon production amounted to $X in 2018 estimated in export prices. In general, cinnamon production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. In that year, global cinnamon production reached its peak level of $X, and then declined slightly in the following year.

The countries with the highest volumes of cinnamon production in 2018 were Indonesia (X tonnes), China (X tonnes) and Viet Nam (X tonnes), with a combined X% share 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 cinnamon production for the other global leaders experienced mixed trends in the production figures.

Global average cinnamon yield stood at X kg per ha in 2018, picking up by X% against the previous year. Over the period under review, the cinnamon yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The global cinnamon yield peaked 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 worldwide 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 consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2011 with an increase of 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.

Production By Country

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 cinnamon production for the other global leaders experienced more modest paces of growth.

Cinnamon Exports

Exports 2007-2018

Global exports totaled X tonnes in 2018, growing by X% against the previous year. Overall, the total exports indicated a prominent increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cinnamon exports increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, global cinnamon exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, cinnamon exports totaled $X in 2018. Over the period under review, cinnamon exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. The global exports peaked in 2018 and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X tonnes), Viet Nam (X tonnes) and Indonesia (X tonnes) represented the largest exporters of cinnamon (canella) exported in the world, creating X% of total export. It was distantly followed by Sri Lanka (X tonnes), comprising a X% share of total exports. The following exporters - the Netherlands (X tonnes) and Madagascar (X tonnes) - together made up X% of total exports.

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

In value terms, the largest cinnamon markets worldwide were Sri Lanka ($X), Indonesia ($X) and China ($X), together accounting for X% of global exports. These countries were followed by Viet Nam, the Netherlands and Madagascar, which together accounted for a further X recorded the highest rates of growth with regard to market size, in terms of the main exporting countries over the period under review, while exports for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average cinnamon export price stood at $X per tonne in 2018, dropping by -X% against the previous year. Overall, the cinnamon export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. 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 origin; the country with the highest price was Sri Lanka ($X per tonne), while China ($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 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, rising by X% against the previous year. Overall, the total imports indicated a buoyant expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cinnamon imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The global imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, cinnamon imports stood at $X in 2018. Overall, cinnamon imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, global cinnamon imports reached their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, India (X tonnes) and the U.S. (X tonnes) were the key importers of cinnamon (canella)in the world, together generating X% of total imports. It was distantly followed by Mexico (X tonnes), creating a X% share of total imports. The following importers - the Netherlands (X tonnes), Bangladesh (X tonnes), Pakistan (X tonnes), Saudi Arabia (X tonnes), Germany (X tonnes), the United Arab Emirates (X tonnes), Iran (X tonnes), Brazil (X tonnes) and Viet Nam (X tonnes) - together made up X% of total imports.

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

In value terms, the U.S. ($X), Mexico ($X) and India ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of global imports. These countries were followed by the Netherlands, Germany, Bangladesh, Brazil, Saudi Arabia, the United Arab Emirates, Viet Nam, Pakistan and Iran, which together accounted for a further X terms of the main importing countries, Viet Nam recorded the highest growth rate of market size, over the period under review, while imports 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 2018, going up by X% against the previous year. In general, the import price indicated a resilient expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cinnamon import price increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. The global import price peaked in 2018 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox AI Platform