Report Update Nov 1, 2024

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

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Belgium: Cinnamon Market 2024

Cinnamon Market Size in Belgium

In 2022, the Belgian cinnamon market decreased by -12.7% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a abrupt decrease. Cinnamon consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cinnamon Exports

Exports from Belgium

After two years of growth, shipments abroad of cinnamon (canella) decreased by -35.6% to X tons in 2022. Overall, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 84% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cinnamon exports contracted notably to $X in 2022. In general, exports saw a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 57%. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

The UK (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of cinnamon exports from Belgium, together comprising 59% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +110.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and France ($X) appeared to be the largest markets for cinnamon exported from Belgium worldwide, together comprising 54% of total exports. The United States, Germany, South Korea, Luxembourg, the Czech Republic and Ukraine lagged somewhat behind, together comprising a further 39%.

The United States, with a CAGR of +86.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cinnamon export price stood at $X per ton in 2022, which is down by -13.7% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 71%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+45.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Belgium

In 2022, supplies from abroad of cinnamon (canella) decreased by -26.3% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 24%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cinnamon imports fell significantly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 35%. Over the period under review, imports hit record highs at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of cinnamon to Belgium, with a 68% share of total imports. Moreover, cinnamon imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by France (X tons), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.7% per year) and France (-26.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cinnamon (canella) to Belgium, comprising 72% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by France, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.6% per year) and France (-14.7% per year).

Import Prices by Country

In 2022, the average cinnamon import price amounted to $X per ton, picking up by 7.7% against the previous year. In general, the import price posted a remarkable increase. The growth pace was the most rapid in 2018 an increase of 101%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cinnamon (canella) in the world?

The countries with the highest volumes of cinnamon consumption in 2021 were Indonesia, Bangladesh and India, together accounting for 46% of global consumption.

What are the largest producers of cinnamon (canella) in the world?

The countries with the highest volumes of cinnamon production in 2021 were Indonesia, China and Vietnam, with a combined 88% share of global production.

What are the leading suppliers of cinnamon (canella) to Belgium?

In value terms, the Netherlands constituted the largest supplier of cinnamon to Belgium, comprising 63% of total imports. The second position in the ranking was occupied by Germany, with a 15% share of total imports. It was followed by France, with a 6.2% share.

What are the leading importers of cinnamon (canella) from Belgium?

In value terms, the largest markets for cinnamon exported from Belgium were the Netherlands, France and the UK, together accounting for 66% of total exports. Germany, South Korea, Luxembourg and the United States lagged somewhat behind, together comprising a further 28%.

What is the average export price for cinnamon (canella) in Belgium?

The average cinnamon export price stood at $10,368 per ton in 2021, falling by -6.5% against the previous year.

What is the average import price for cinnamon (canella) in Belgium?

In 2021, the average cinnamon import price amounted to $8,877 per ton, with an increase of 39% against the previous year.

This report provides an in-depth analysis of the cinnamon market in Belgium. 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:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023