Angola: Cinnamon Market 2025

Cinnamon Market Size in Angola

The Angolan cinnamon market declined rapidly to $X in 2022, which is down by -15.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a mild decline. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cinnamon Exports

Exports from Angola

After seven years of growth, overseas shipments of cinnamon (canella) decreased by -24.6% to X kg in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 231% against the previous year. The exports peaked at X kg in 2021, and then reduced remarkably in the following year.

In value terms, cinnamon exports fell significantly to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 133%. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for cinnamon exports from Angola, with a 94% share of total exports. Moreover, cinnamon exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Namibia (X kg), more than tenfold.

From 2015 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo stood at +79.3%.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for cinnamon (canella) exports from Angola, comprising 100% of total exports. The second position in the ranking was held by Namibia ($X), with a 0.3% share of total exports.

From 2015 to 2022, the average annual growth rate of value to Democratic Republic of the Congo totaled +59.3%.

Export Prices by Country

The average cinnamon export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 51% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Namibia totaled $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (-11.1%).

Cinnamon Imports

Imports into Angola

Cinnamon imports into Angola dropped significantly to X tons in 2022, reducing by -20.1% on the previous year. In general, imports, however, saw perceptible growth. The pace of growth was the most pronounced in 2017 when imports increased by 257% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cinnamon imports fell to $X in 2022. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2017 with an increase of 119% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of cinnamon to Angola, with a 72% share of total imports. Moreover, cinnamon imports from Portugal exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold. The third position in this ranking was held by India (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+186.9% per year) and India (+99.9% per year).

In value terms, Portugal ($X) constituted the largest supplier of cinnamon (canella) to Angola, comprising 83% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 4.8% share of total imports. It was followed by India, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from Portugal amounted to -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+121.3% per year) and India (+70.8% per year).

Import Prices by Country

The average cinnamon import price stood at $X per ton in 2022, growing by 12% against the previous year. Overall, the import price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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