World - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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Cinnamon market: find newly released facts and figures secured by an Ai-driven business intelligence tool. Statistics contain imports, market prices, market size, companies, consumption, trade, production, and exports. Here is a breakdown by region, including Russia, Latin America, China, the U.S., EU, the U.K., Africa, and the Middle East. Market dynamics and forecast to 2030 are also featured in the snapshots.
Cinnamon - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | Indonesia |
| 2 | United States |
| 3 | India |
| 4 | Mexico |
| 5 | China |
In value terms, Indonesia, the United States and India were the countries with the highest levels of market value in 2020, together comprising 44% of the global market. These countries were followed by Mexico, China, Bangladesh, the United Arab Emirates, Saudi Arabia, Pakistan and Iran, which together accounted for a further 20%.
The United Arab Emirates (+73.1% per year) saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while cinnamon market for the other global leaders experienced more modest paces of growth.
Cinnamon Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| China | 2254 | 2794 | 2787 | 11.2% |
| Vietnam | 2709 | 3043 | 3375 | 11.6% |
| Indonesia | 3418 | 3638 | 4086 | 9.3% |
| Netherlands | 4185 | 4135 | 5292 | 12.5% |
| Sri Lanka | 9627 | 10246 | 11026 | 7.0% |
| Average | 3710 | 3954 | 4305 | 7.7% |
Prices varied noticeably by the country of origin; the country with the highest price was Sri Lanka ($11,026 per ton), while China ($2,787 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Mexico | 5426 | 5861 | 7389 | 16.7% |
| United States | 4466 | 4579 | 5032 | 6.1% |
| Germany | 4005 | 4447 | 4539 | 6.5% |
| Vietnam | 3069 | 3709 | 4038 | 14.7% |
| Netherlands | 3431 | 3555 | 3928 | 7.0% |
| Brazil | 3195 | 3159 | 3773 | 8.7% |
| United Arab Emirates | 2165 | 2928 | 3184 | 21.3% |
| Bangladesh | 2757 | 3717 | 3099 | 6.0% |
| India | 2197 | 2703 | 2868 | 14.3% |
| Indonesia | 2569 | 3426 | 2815 | 4.7% |
| Saudi Arabia | 1781 | 2453 | 2771 | 24.7% |
| Iran | 2047 | 2561 | 2285 | 5.7% |
| Pakistan | 1717 | 1928 | 2269 | 15.0% |
| Average | 3533 | 3832 | 4016 | 6.6% |
Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($7,389 per ton), while Pakistan ($2,269 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders experienced more modest paces of growth.
Cinnamon - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| United States | 125 | 130 | 154 | 11.2% |
| India | 72 | 86 | 108 | 22.7% |
| Mexico | 100 | 76 | 72 | -14.9% |
| Vietnam | 43 | 47 | 48 | 5.9% |
| Bangladesh | 24 | 38 | 34 | 18.2% |
In value terms, the United States ($154M), India ($109M) and Mexico ($72M) appeared to be the countries with the highest levels of imports in 2020, together accounting for 38% of global imports. Vietnam, Bangladesh, the Netherlands, Germany, the United Arab Emirates, Saudi Arabia, Pakistan, Brazil, Indonesia and Iran lagged somewhat behind, together accounting for a further 25%.
Indonesia (+82.0% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Cinnamon - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Sri Lanka | 206 | 176 | 216 | 2.5% |
| Vietnam | 124 | 156 | 212 | 30.8% |
| China | 136 | 162 | 163 | 9.6% |
| Indonesia | 141 | 134 | 151 | 3.4% |
| Netherlands | 21 | 21 | 24 | 5.6% |
In value terms, the largest cinnamon supplying countries worldwide were Sri Lanka ($216M), Vietnam ($212M) and China ($163M), together accounting for 69% of global exports.
Vietnam saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Cinnamon - Market Forecast
Driven by increasing demand for cinnamon worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Cinnamon - Top Companies
The Climate Corporation International SA, AJINOMOTO CO., INC., GLENCORE LAND (AUSTRALIA) PTY LTD, Hainan Huanhaicheng Trading Co., Ltd., McCormick & Company Incorporated, Luohe Jintudi Agriculture Development Co., Ltd., Qinghai Liansheng Grassland Ecology Development Co., Ltd., Clay Farms, CORPORACION ALIMENTARIA GUISSONA, SOCIEDAD ANONIMA, Xiaoyi Lvmuchang Agriculture & Animal Husbandry Co., Ltd., H.J. Heinz Supply Chain Europe B.V., FRUTAROM INDUSTRIES LTD, S&B FOODS INC., HOUSE FOODS CORPORATION, Luochuan County Angliqi Trading Co., Ltd., K+s Montana Holdings, LLC, K+s Salt LLC, KIKKOMAN FOOD PRODUCTS COMPANY, Griffith Foods Group Inc., PEANUT COMPANY OF AUSTRALIA LIMITED
Cinnamon - Product Coverage
- HS 0906 - Cinnamon and cinnamon-tree flowers
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:
- USA
- 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
+ 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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. 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
1018
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2527
From 2007 to 2016, the global cinnamon market value fluctuated perceptibly. According to IndexBox estimates, a significant increase in 2008 (X% Y-o-Y) was followed by a slight drop in 2009 (X% Y-o-Y). Over the next two years, the market gradually in
9149
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3687
In 2015, the countries with the highest levels of cinnamon production in 2015 were Indonesia (X thousand tons), China (X thousand tons), Vietnam (X thousand tons), together accounting for X% of total output.
4340
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.
2797
Cinnamon is one of the most common spices today. It can be used in cooking, when added to salads, soups, or beverages (cinnamon flavored tea is very popular nowadays), or pharmaceutical industry. Besides, it is one of the most repeatedly used additives
2189
Sri Lanka dominates in the global cinnamon trade. In 2014, Sri Lanka exported X thousand tons of сinnamon totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total сinnamon expor
