Global Cinnamon Market 2025

Cinnamon Market Size

The global cinnamon market reached $X in 2022, increasing by 1.6% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +20.3% against 2020 indices. Over the period under review, the global market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Cinnamon Production

In value terms, cinnamon production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 30%. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were China (X tons), Vietnam (X tons) and Indonesia (X tons), with a combined 87% share of global production.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +10.0%), while production for the other global leaders experienced more modest paces of growth.

The global average cinnamon yield shrank to X kg per ha in 2022, which is down by -2.4% compared with the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 9% against the previous year. As a result, the yield attained the peak level of X kg per ha. From 2019 to 2022, the growth of the average cinnamon yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global cinnamon harvested area reduced modestly to X ha in 2022, remaining constant against 2021 figures. The harvested area increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 4.4%. The global harvested area peaked at X ha in 2021, and then fell slightly in the following year.

Cinnamon Exports

Exports

In 2022, the amount of cinnamon (canella) exported worldwide reduced modestly to X tons, falling by -3.2% against 2021. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume 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, exports decreased by -9.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the global exports remained at a lower figure.

In value terms, cinnamon exports fell to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. The global exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

China (X tons) and Vietnam (X tons) were the major exporters of cinnamon (canella) in 2022, resulting at approx. 34% and 33% of total exports, respectively. It was distantly followed by Indonesia (X tons) and Sri Lanka (X tons), together committing a 21% share of total exports. The following exporters - the Netherlands (X tons) and the United States (X tons) - each reached a 3.3% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +13.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Sri Lanka ($X) were the countries with the highest levels of exports in 2022, together accounting for 73% of global exports.

Vietnam, with a CAGR of +22.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cinnamon export price amounted to $X per ton, with a decrease of -3.1% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cinnamon export price increased by +85.8% against 2012 indices. The growth pace was the most rapid in 2021 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.1%), while the other global leaders experienced more modest paces of growth.

Cinnamon Imports

Imports

In 2022, the amount of cinnamon (canella) imported worldwide expanded to X tons, rising by 2.3% on 2021 figures. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume 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, imports decreased by -4.1% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 22%. Global imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cinnamon imports expanded modestly to $X in 2022. Overall, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

India (X tons) and the United States (X tons) were the major importers of cinnamon (canella) in 2022, reaching near 18% and 15% of total imports, respectively. It was distantly followed by Bangladesh (X tons), Mexico (X tons) and Vietnam (X tons), together making up a 17% share of total imports. Pakistan (X tons), the United Arab Emirates (X tons), the Netherlands (X tons), Germany (X tons), Saudi Arabia (X tons), Iran (X tons), Canada (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +28.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest cinnamon importing markets worldwide were the United States ($X), India ($X) and Mexico ($X), with a combined 42% share of global imports. Vietnam, Bangladesh, Germany, the Netherlands, Canada, the United Arab Emirates, the UK, Saudi Arabia, Pakistan and Iran lagged somewhat behind, together accounting for a further 25%.

In terms of the main importing countries, Vietnam, with a CAGR of +50.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average cinnamon import price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 +84.5% against 2013 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 15%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Pakistan ($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 (+17.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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