Ghana: Cinnamon Market 2025

Cinnamon Market Size in Ghana

The Ghanian cinnamon market fell markedly to $X in 2022, which is down by -17.4% against the previous year. In general, consumption, however, posted a strong increase. Cinnamon consumption peaked at $X in 2021, and then dropped remarkably in the following year.

Cinnamon Production in Ghana

In value terms, cinnamon production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.8% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 46%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

In 2022, the average cinnamon yield in Ghana amounted to less than X kg per ha, standing approx. at 2021. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of cinnamon (canella) were harvested in Ghana; approximately equating the year before. Overall, the harvested area recorded a relatively flat trend pattern.

Cinnamon Exports

Exports from Ghana

In 2022, approx. X kg of cinnamon (canella) were exported from Ghana; approximately reflecting 2021. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 462%. As a result, the exports attained the peak of X kg. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, cinnamon exports totaled $X in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 100% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for cinnamon exports from Ghana, accounting for a approx. 100% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to the UK was relatively modest.

From 2015 to 2022, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

In 2022, the average cinnamon export price amounted to $X per ton, standing approx. at the previous year. In general, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2016 a decrease of -12% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2015 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to -13.0% per year.

Cinnamon Imports

Imports into Ghana

In 2022, cinnamon imports into Ghana fell markedly to X tons, which is down by -26.3% compared with the previous year. Overall, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 149%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cinnamon imports shrank notably to $X in 2022. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 211% against the previous year. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of cinnamon to Ghana, accounting for a 70% share of total imports. Moreover, cinnamon imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +75.5%.

In value terms, the largest cinnamon suppliers to Ghana were China ($X) and the United Arab Emirates ($X).

China, with a CAGR of +97.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average cinnamon import price amounted to $X per ton, with a decrease of -10.3% against the previous year. Over the period under review, the import price recorded a slight slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 200%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Arab Emirates ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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