Croatia: Cinnamon Market 2025

Cinnamon Market Size in Croatia

The Croatian cinnamon market rose significantly to $X in 2022, surging by 9.4% 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). Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.6% against 2020 indices. Cinnamon consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cinnamon Exports

Exports from Croatia

In 2022, overseas shipments of cinnamon (canella) decreased by -3.4% to X tons, falling for the fourth year in a row after two years of growth. In general, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 197% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cinnamon exports declined to $X in 2022. Over the period under review, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 137% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Slovenia (X tons) was the main destination for cinnamon exports from Croatia, accounting for a 57% share of total exports. Moreover, cinnamon exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), fourfold. Serbia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +117.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-0.1% per year) and Serbia (+34.6% per year).

In value terms, Slovenia ($X) remains the key foreign market for cinnamon (canella) exports from Croatia, comprising 51% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 19% share of total exports. It was followed by Serbia, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Slovenia amounted to +108.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+3.2% per year) and Serbia (+29.5% per year).

Export Prices by Country

The average cinnamon export price stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 27% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the Czech Republic ($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 Austria (+120.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Croatia

In 2022, supplies from abroad of cinnamon (canella) was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 35%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cinnamon imports stood at $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +10.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.0% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 78%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of cinnamon imports to Croatia, together comprising 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +47.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cinnamon suppliers to Croatia were Austria ($X), the Netherlands ($X) and Germany ($X), together comprising 76% of total imports.

Austria, with a CAGR of +58.2%, recorded the highest growth rate of 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, rising by 1.8% against the previous year. Over the last decade, it increased at an average annual rate of +5.6%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 32%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($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 Netherlands (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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