Chile: Cinnamon Market 2025

Cinnamon Market Size in Chile

After two years of growth, the Chilean cinnamon market decreased by -19.4% to $X in 2022. Overall, consumption, however, showed a resilient increase. Cinnamon consumption peaked at $X in 2021, and then shrank remarkably in the following year.

Cinnamon Exports

Exports from Chile

In 2022, approx. X kg of cinnamon (canella) were exported from Chile; waning by -91.7% compared with the previous year's figure. In general, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 15,620% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cinnamon exports dropped rapidly to $X in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2016 with an increase of 21,732% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X kg) was the main destination for cinnamon exports from Chile, with a 77% share of total exports. Moreover, cinnamon exports to Mexico exceeded the volume sent to the second major destination, Colombia (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to +200.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (0.0% per year) and Canada (-38.8% per year).

In value terms, Mexico ($X) emerged as the key foreign market for cinnamon (canella) exports from Chile, comprising 75% of total exports. The second position in the ranking was held by Colombia ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico stood at +202.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (0.0% per year) and Canada (-30.3% per year).

Export Prices by Country

In 2022, the average cinnamon export price amounted to $X per ton, rising by 27% against the previous year. Over the period under review, the export price showed prominent growth. The pace of growth was the most pronounced in 2013 an increase of 101% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Canada ($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 Canada (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Chile

After two years of growth, purchases abroad of cinnamon (canella) decreased by -26% to X tons in 2022. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by 82%. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted significantly in the following year.

In value terms, cinnamon imports contracted dramatically to $X in 2022. Overall, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2015 when imports increased by 78%. Imports peaked at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, Sri Lanka (X tons) constituted the largest cinnamon supplier to Chile, with a 89% share of total imports. It was followed by the United States (X tons), with a 2.1% share of total imports. The third position in this ranking was held by China (X tons), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sri Lanka stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+26.4% per year) and China (+7.7% per year).

In value terms, Sri Lanka ($X) constituted the largest supplier of cinnamon (canella) to Chile, comprising 92% of total imports. The second position in the ranking was held by the United States ($X), with a 2.5% share of total imports. It was followed by Indonesia, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value from Sri Lanka amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+39.5% per year) and Indonesia (+19.8% per year).

Import Prices by Country

In 2022, the average cinnamon import price amounted to $X per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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