Eastern Asia: Cinnamon Market 2025

Cinnamon Market Size in Eastern Asia

The East Asian cinnamon market dropped to $X in 2022, falling by -9.9% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Cinnamon Production in Eastern Asia

In value terms, cinnamon production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

China (X tons) remains the largest cinnamon producing country in Eastern Asia, comprising approx. 99.9% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +3.2%.

In 2022, the average cinnamon yield in Eastern Asia contracted slightly to X tons per ha, remaining relatively unchanged against the previous year. The yield figure increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of 7.5%. The level of yield peaked at X tons per ha in 2021, and then declined modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cinnamon (canella) production in Eastern Asia contracted modestly to X ha, therefore, remained relatively stable against the previous year's figure. The harvested area increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the harvested area increased by 13% against the previous year. Over the period under review, the harvested area dedicated to cinnamon production reached the peak figure at X ha in 2021, and then reduced in the following year.

Cinnamon Exports

Exports in Eastern Asia

Cinnamon exports was estimated at X tons in 2022, increasing by 6% against the year before. Overall, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 75%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, cinnamon exports fell to $X in 2022. Over the period under review, exports recorded resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 80% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from China (X tons), together amounting to 99.9% of total export.

China was also the fastest-growing in terms of the cinnamon (canella) exports, with a CAGR of +8.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest cinnamon supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China stood at +16.8%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, dropping by -6.1% against the previous year. Overall, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by 24% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +8.0% per year.

Cinnamon Imports

Imports in Eastern Asia

In 2022, after two years of decline, there was significant growth in supplies from abroad of cinnamon (canella), when their volume increased by 11% to X tons. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 24% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, cinnamon imports rose rapidly to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +9.0% 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 +48.7% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 25%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The countries with the highest levels of cinnamon imports in 2022 were South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together resulting at 92% of total import. It was distantly followed by China (X tons), making up a 7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +2.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2022, with a combined 89% share of total imports. China lagged somewhat behind, comprising a further 9.8%.

China, with a CAGR of +15.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, almost unchanged from the previous year. Import price indicated a strong increase from 2012 to 2022: its price 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, cinnamon import price increased by +45.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 29% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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