France: Cinnamon Market 2024

Cinnamon Market Size in France

The French cinnamon market expanded to $X in 2022, surging by 1.6% 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). In general, consumption posted resilient growth. Cinnamon consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Cinnamon Exports

Exports from France

In 2022, exports of cinnamon (canella) from France fell to X tons, reducing by -14.8% compared with the previous year's figure. Overall, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by 45% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cinnamon exports dropped to $X in 2022. In general, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for cinnamon exports from France, accounting for a 34% share of total exports. Moreover, cinnamon exports to Poland exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+0.0% per year) and Italy (+29.6% per year).

In value terms, Poland ($X) remains the key foreign market for cinnamon (canella) exports from France, comprising 30% of total exports. The second position in the ranking was taken by Portugal ($X), with a 15% share of total exports. It was followed by the UK, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland stood at +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-3.0% per year) and the UK (-6.7% per year).

Export Prices by Country

The average cinnamon export price stood at $X per ton in 2022, rising by 2.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($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 Poland (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into France

In 2022, approx. X tons of cinnamon (canella) were imported into France; waning by -6% compared with 2021. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.9% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 55%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, cinnamon imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 57% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of cinnamon to France, accounting for a 48% share of total imports. Moreover, cinnamon imports from Indonesia exceeded the figures recorded by the second-largest supplier, Madagascar (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+1.0% per year) and Vietnam (+24.4% per year).

In value terms, Indonesia ($X) constituted the largest supplier of cinnamon (canella) to France, comprising 47% of total imports. The second position in the ranking was taken by Madagascar ($X), with a 10% share of total imports. It was followed by Vietnam, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+10.7% per year) and Vietnam (+39.0% per year).

Import Prices by Country

In 2022, the average cinnamon import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +43.0% against 2015 indices. The pace of growth appeared the most rapid in 2019 an increase of 31%. The import price peaked at $X per ton in 2021, and then declined slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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