Iraq: Cinnamon Market 2025

Cinnamon Market Size in Iraq

The Iraqi cinnamon market surged to $X in 2022, jumping by 51% 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, consumption enjoyed a significant increase. Cinnamon consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cinnamon Exports

Exports from Iraq

In 2022, after two years of decline, there was significant decline in overseas shipments of cinnamon (canella), when their volume decreased by -18.8% to X kg. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 54% against the previous year. The exports peaked at X kg in 2021, and then reduced rapidly in the following year.

In value terms, cinnamon exports reduced markedly to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 34% against the previous year. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

Germany (X kg) was the main destination for cinnamon exports from Iraq, accounting for a approx. 50% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany was relatively modest.

In value terms, Germany ($X) emerged as the key foreign market for cinnamon (canella) exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest.

Export Prices by Country

In 2022, the average cinnamon export price amounted to $X per ton, waning by -2% against the previous year. Overall, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Cinnamon Imports

Imports into Iraq

In 2022, approx. X tons of cinnamon (canella) were imported into Iraq; picking up by 57% on the year before. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 428% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cinnamon imports soared to $X in 2022. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2015 when imports increased by 430% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Indonesia (X tons) were the main suppliers of cinnamon imports to Iraq, together comprising 88% of total imports. These countries were followed by Vietnam, which accounted for a further 5.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +45.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cinnamon suppliers to Iraq were China ($X), the United Arab Emirates ($X) and Vietnam ($X), with a combined 82% share of total imports.

Among the main suppliers, China, with a CAGR of +50.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cinnamon import price amounted to $X per ton, declining by -5.8% against the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 when the average import price increased by 125% against the previous year. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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 Vietnam ($X per ton), while the price for Indonesia ($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 United Arab Emirates (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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