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World - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

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Sep 20, 2017

Global Cinnamon Market: Production Gained 229K Tons

Cinnamon production reached X thousand tons in 2016, with a positive dynamic being recorded over the last few years, except for a slight decline in 2010. According to market research conducted by IndexBox, from 2007 to 2016, cinnamon production grew at an annual average rate of growth of +X%.

Indonesia and China account for approx. three quarters of global cinnamon production. Indonesia was the key world cinnamon producing country with an output of about X thousand tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Vietnam (X%), Sri lanka (X%). All these countries are also major exporters of cinnamon: China and Indonesia export more than half of their own domestic cinnamon output. Despite the sizeable volume of cinnamon exports, both countries indicate significant volumes of domestic consumption (including processing), ensuring that both China and Indonesia remain dominant in terms of the key consuming countries.

Cinnamon is a widely traded commodity, with the share of export in total global output standing at approx. X% over 2007-2016. The high trade intensity is determined mainly by the substantial distancies between the key consuming countries and the main centers of cinnamon production. In 2016, the volume of global exports totaled X thousand tonnes, with a mixed trend pattern being recorded over the last few years. A gradual increase over the period from 2013 to 2014 was followed by a slight decline in 2015; in 2016 it remained unchanged. In value terms, global exports showed steady growth over the last few years, at an average annual rate of growth of +X%. In 2016, global cinnamon exports expanded to $X million.

In 2016, the U.S. (X thousand tons) and India (X thousand tons) were the leading destinations for cinnamon imports. They were followed by Bangladesh (X thousand tons), Mexico (X thousand tonnes), the Netherlands (X thousand tons), the United Arab Emirates (X thousand tons) and Saudi Arabia (X thousand tons); together all these countries made up X% of global imports in 2016. In terms of the major importing countries India (+X% per year) and Bangladesh (+X% per year) indicated the highest annual rates of growth from 2007 to 2016.

Cinnamon can be divided into X types: "cassia" (Cinnamomum aromaticum) and "true cinnamon" (Cinnamomum verum or Ceylon cinnamon). Ceylon cinnamon grows in Sri Lanka; it releases a more delicate aroma, and is the most valuable and expensive variety of cinnamon. Cassia cinnamon derives originally from Southeast Asia, primarily from China, Vietnam, and Indonesia. Cassia cinnamon is notable for its stronger and more intense flavour, due to its high concentration of cinnamaldehyde, up to X% by weight.

The U.S. is one of the major global consumers of cinnamon; the country's consumption is buoyed fully by imports. In the U.S., cassia cinnamon from Indonesia accounts for the largest share of imports, at X% (based on dollars), and cinnamon from Sri Lanka and Vietnam, at X% and X%, respectively. Unlike the U.S. and Canada, Mexico has expressed a preference for the consumption of cinnamon from Ceylon: X% of import supplies originate from Sri Lankan cinnamon.

This can be explained by the particularities of traditional Mexican cuisine, which has its origins in colonial times, when Ceylon cinnamon from Spain was brought into the country. Many traditional Mexican culinary dishes, therefore, are prepared using Ceylon cinnamon. However, the use of Ceylon cinnamon has been gaining ground in North America. Firstly, Ceylon cinnamon is healthier, as it contains a low coumarin threshold, unlike the cassia variety of cinnamon. In addition, Ceylon cinnamon is used to provide relief from a range of health issues, including diabetes and weight loss; this variety of cinnamon is considered suitable for daily use.

India has indicated a preference for the cheaper variety of cinnamon - cassia - mainly procuring it from Vietnam (X% of imports). Import supplies from China assumed X%, while Ceylon cinnamon from Sri Lanka amounted to a mere X% in Indian imports of the product. Due to the introduction of restrictions on the consumption of cassia cinnamon, as a result of its potential negative impact on health, the structure of imports may be subject to change in the immediate term, increasing the share of Ceylon cinnamon available on the market. The significant difference in price between the various varieties of cinnamon product, however, and the heavy reliance on imports, will result in the false replication and substitution of Ceylon cinnamon by the cassia variety.

In North America and Europe, cinnamon is a widely used product in the bakery industry; this sector is currently in the throes of negligible growth, due to public concern regarding a healthy balanced diet. In addition, the harmful substances present in cassia cinnamon may lead to cinnamon being replaced with other flavour additives in bakery products. Therefore, the growth of cinnamon consumption in developed countries will mainly be driven by the use of cinnamon as a key component ingredient in the pharmaceutical and cosmetics industries, as well as through the increased consumption of those various national dishes which boast a cinnamon component.

Due to the fact that cassia cinnamon contains a significant amount of the blood-thinning phytochemical coumarin, it also can be used as a fragrance chemical for perfumes, and in fragranced soaps and detergents. Coumarin, however, is a dangerous chemical that can have a negative impact on human health. As a result, some countries are introducing restrictions on the consumption of cassia cinnamon: in 2016 in India, for example, the Food Safety and Standards Agency imposed a ban on retail and wholesale sales of cassia cinnamon. This is evident in the current fall in trade of this variety of cinnamon, which was predominantly the most popular category in the cinnamon imports.

Driven by global population growth, the popularity of spices, and the growth of pharmaceutical and cosmetic industry, the cinnamon market as a whole is projected to continue an upward consumption trend over the next nine years. Market performance is forecast to grow with an anticipated CAGR of +X% for the nine-year period from 2016 to 2025, which is expected to lead the market volume to X million tons by the end of 2025.

Do you want to know more about the U.S. cinnamon market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • cinnamon market share
  • cinnamon prices
  • cinnamon industry
  • cinnamon sales
  • cinnamon market forecast
  • cinnamon price forecast
  • key cinnamon producers

Source: World: Cinnamon (Canella) - Market Report. Analysis And Forecast

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global cinnamon market. 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 2030.

Product coverage:

  • FCL 693 - Cinnamon (canella)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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