China - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCinnamon Prices in China
China Cinnamon Export Price in September 2022
In September 2022, the cinnamon price stood at $5,044 per ton (FOB, China), picking up by 35% against the previous month. Overall, export price indicated buoyant growth from January 2022 to September 2022: its price increased at an average monthly rate of +7.1% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, cinnamon export price increased by +35.0% against August 2022 indices. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 38% against the previous month. Over the period under review, the average export prices hit record highs in September 2022.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($8,569 per ton), while the average price for exports to Iran ($1,975 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
China Cinnamon Exports
In September 2022, shipments abroad of cinnamon (canella) was finally on the rise to reach 7.3K tons for the first time since June 2022, thus ending a two-month declining trend. Overall, total exports indicated notable growth from January 2022 to September 2022: its volume increased at an average monthly rate of +3.0% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports decreased by -14.2% against June 2022 indices. The pace of growth was the most pronounced in June 2022 when exports increased by 58% m-o-m. As a result, the exports attained the peak of 8.5K tons. From July 2022 to September 2022, the growth of the exports remained at a lower figure.
In value terms, cinnamon exports soared to $37M (IndexBox estimates) in September 2022. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in June 2022 when exports increased by 85% against the previous month. The exports peaked in September 2022.
China Cinnamon Exports by Country
Vietnam (3.1K tons) was the main destination for cinnamon exports from China, with a 43% share of total exports. Moreover, cinnamon exports to Vietnam exceeded the volume sent to the second major destination, Pakistan (806 tons), fourfold. Bangladesh (703 tons) ranked third in terms of total exports with a 9.7% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to Vietnam amounted to +28.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Pakistan (+7.1% per month) and Bangladesh (-8.0% per month).
In value terms, Vietnam ($27M) remains the key foreign market for cinnamon exports from China, comprising 73% of total exports. The second position in the ranking was taken by Pakistan ($1.6M), with a 4.5% share of total exports. It was followed by Bangladesh, with a 4.1% share.
From January 2022 to September 2022, the average monthly growth rate of value to Vietnam amounted to +30.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Pakistan (+4.9% per month) and Bangladesh (-9.4% per month).
This report provides an in-depth analysis of the cinnamon market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Area Harvested, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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This report provides an in-depth analysis of the cinnamon market in China.
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This report provides an in-depth analysis of the global cinnamon market.
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This report provides an in-depth analysis of the cinnamon market in China.
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This report provides an in-depth analysis of the global cinnamon market.
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China exported 7.2K tons of cinnamon in February 2023, a 20% increase from the previous month, with Vietnam being the main destination, accounting for 44% of total exports. In value terms, Vietnam remained the key foreign market, comprising 72% of total exports. The cinnamon price stood at $4,331 per ton in February 2023 with an increase of 24% against the previous month.
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
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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
9150
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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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.
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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.
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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
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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
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China exported 7.2K tons of cinnamon in February 2023, a 20% increase from the previous month, with Vietnam being the main destination, accounting for 44% of total exports. In value terms, Vietnam remained the key foreign market, comprising 72% of total exports. The cinnamon price stood at $4,331 per ton in February 2023 with an increase of 24% against the previous month.
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
