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 2017, increasing by X% against the previous year. In general, cinnamon consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Global cinnamon consumption peaked in 2017, and is expected to retain its growth in the near future.

Cinnamon Production

Global cinnamon production totaled X tonnes in 2017, increasing by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed over the period under review. The growth pace was the most rapid in 2013, with an increase of X% y-o-y. Global cinnamon production peaked in 2017, and is likely to continue its growth in the immediate term. The general positive trend in terms of cinnamon output was largely conditioned by a modest increase of the harvested area and a relatively flat trend pattern in yield figures.

The countries with the highest volumes of cinnamon production in 2017 were Indonesia (X tonnes), China (X tonnes) and Viet Nam (X tonnes), with a combined X% share of global production.

From 2007 to 2017, the most notable rate of growth in terms of cinnamon production, amongst the main producing countries, was attained by China (+X% per year), while the other global leaders experienced mixed trends in the production figures.

In 2017, the global average yield of cinnamon (canella) amounted to X kg per ha, jumping by X% against the previous year. In general, cinnamon yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013, with an increase of X% y-o-y. Global cinnamon yield peaked of X kg per ha in 2007; however, from 2008 to 2017, it 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 2017, approx. X ha of cinnamon (canella) were harvested worldwide; stabilizing at the previous year. The harvested area increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded 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 reached its maximum in 2017, and is likely to continue its growth in the immediate term.

Cinnamon Exports

Exports 2007-2017

In 2017, the global exports of cinnamon (canella) stood at X tonnes, increasing by X% against the previous year. Overall, the total exports indicated a slight expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the cinnamon exports decreased by +X% against 2014 indices. The growth pace was the most rapid in 2013, when exports increased by X% year-to-year. Over the period under review, the global cinnamon exports reached its maximum volume in 2017, and are expected to retain its growth in the near future.

In value terms, cinnamon exports amounted to $X in 2017. In general, cinnamon exports continue to indicate a prominent expansion. Over the period under review, the global cinnamon exports reached its peak figure level in 2017, and are expected to retain its growth in the near future.

Exports by Country

In 2017, China (X tonnes), Indonesia (X tonnes), Sri Lanka (X tonnes) and Viet Nam (X tonnes) represented the main exporters of cinnamon (canella) in the world, making up X% of total export. The following exporters - the United Arab Emirates (X tonnes), the Netherlands (X tonnes) and Madagascar (X tonnes) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Indonesia ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of global exports. These countries were followed by Viet Nam, the Netherlands, the United Arab Emirates and Madagascar, which together accounted for a further X%.

In terms of the main exporting countries, Viet Nam (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the average cinnamon export price amounted to $X per tonne, surging by X% against the previous year. Overall, cinnamon export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2008, when the average export prices increased by X% y-o-y. Over the period under review, the average export prices for cinnamon (canella) attained its maximum level in 2017, and is expected to retain its growth in the near future.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, 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 2017, the most notable rate of growth in terms of export prices was attained by Indonesia (+X% per year), while the other global leaders experienced more modest paces of growth.

Cinnamon Imports

Imports 2007-2017

In 2017, the global cinnamon imports amounted to X tonnes, coming up by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2011, with an increase of X% year-to-year. Global imports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, cinnamon imports totaled $X in 2017. In general, cinnamon imports continue to indicate a remarkable expansion. Over the period under review, the global cinnamon imports attained its maximum level in 2017, and are likely to continue its growth in the immediate term.

Imports by Country

The imports of the three major importers of cinnamon (canella), namely the U.S., Mexico and India, represented more than third of total import. It was distantly followed by Bangladesh (X tonnes), achieving X% share of total imports. The Netherlands (X tonnes), Pakistan (X tonnes), Germany (X tonnes), Saudi Arabia (X tonnes), the United Arab Emirates (X tonnes), Colombia (X tonnes) and Iran (X tonnes) took the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Bangladesh (+X% per year), while 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 2017, together comprising X% of global imports.

In terms of the main importing countries, India (+X% per year) recorded the highest growth rate of 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 tonne in 2017, increasing by X% against the previous year. Overall, the import price indicated a prominent expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the cinnamon import price increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2017, when the average import prices increased by X% year-to-year. In that year, the average import prices for cinnamon (canella) attained their peak level, 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 ($X per tonne), while Iran ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the U.S. (+X% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform