Cote d'Ivoire: Cinnamon Market 2025

Cinnamon Market Size in Cote d'Ivoire

The Cote d'Ivoire's cinnamon market shrank remarkably to $X in 2022, reducing by -44.9% 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, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cinnamon Exports

Exports from Cote d'Ivoire

In 2022, exports of cinnamon (canella) from Cote d'Ivoire shrank remarkably to X kg, with a decrease of -47% compared with the previous year. In general, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,618% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cinnamon exports reduced notably to $X in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2021 when exports increased by 1,707% against the previous year. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

Togo (X kg) was the main destination for cinnamon exports from Cote d'Ivoire, accounting for a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Togo amounted to +201.7%.

In value terms, Togo ($X) emerged as the key foreign market for cinnamon (canella) exports from Cote d'Ivoire.

From 2013 to 2022, the average annual growth rate of value to Togo stood at +208.8%.

Export Prices by Country

The average cinnamon export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price showed a slight descent. The growth pace was the most rapid in 2020 when the average export price increased by 63%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Togo.

From 2013 to 2022, the rate of growth in terms of prices for France amounted to +8.0% per year.

Cinnamon Imports

Imports into Cote d'Ivoire

In 2022, approx. X tons of cinnamon (canella) were imported into Cote d'Ivoire; declining by -48.6% against 2021 figures. Overall, imports, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2016 when imports increased by 546% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cinnamon imports reduced rapidly to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 770%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lebanon (X kg), Indonesia (X kg) and Spain (X kg) were the main suppliers of cinnamon imports to Cote d'Ivoire, together accounting for 51% of total imports. The United Arab Emirates, Vietnam, Madagascar, Turkey, India, France and Morocco lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Madagascar (with a CAGR of +44.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cinnamon suppliers to Cote d'Ivoire were Indonesia ($X), the United Arab Emirates ($X) and Spain ($X), with a combined 62% share of total imports.

The United Arab Emirates, with a CAGR of +56.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cinnamon import price stood at $X per ton in 2022, increasing by 20% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cinnamon import price increased by +34.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 35%. The import price peaked 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 Morocco ($X per ton), while the price for Lebanon ($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 Arab Emirates (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform