Report Update Nov 1, 2024

Italy - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights

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Italy: Cinnamon Market 2024

Cinnamon Market Size in Italy

In 2022, the Italian cinnamon market increased by 16% to $X, rising for the second year in a row after three years of decline. Overall, consumption enjoyed a prominent expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Cinnamon Exports

Exports from Italy

In 2022, after two years of growth, there was decline in shipments abroad of cinnamon (canella), when their volume decreased by -4.6% to X tons. In general, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 89%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, cinnamon exports declined modestly to $X in 2022. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 50%. The exports peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Germany (X tons) was the main destination for cinnamon exports from Italy, accounting for a 42% share of total exports. Moreover, cinnamon exports to Germany exceeded the volume sent to the second major destination, Greece (X tons), twofold. France (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +39.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+29.1% per year) and France (+11.9% per year).

In value terms, the largest markets for cinnamon exported from Italy were Germany ($X), Greece ($X) and France ($X), with a combined 65% share of total exports. Cyprus, Bulgaria, Spain, Malta, Chile and Croatia lagged somewhat behind, together accounting for a further 16%.

Bulgaria, with a CAGR of +104.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cinnamon export price stood at $X per ton in 2022, growing by 1.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 France ($X per ton), while the average price for exports to Germany ($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 Cyprus (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Italy

In 2022, overseas purchases of cinnamon (canella) increased by 13% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports showed a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 79% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, cinnamon imports rose significantly to $X in 2022. In general, imports saw a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 57%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Vietnam (X tons), Tanzania (X tons) and France (X tons) were the main suppliers of cinnamon imports to Italy, together comprising 56% of total imports.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +74.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), France ($X) and Vietnam ($X) constituted the largest cinnamon suppliers to Italy, together accounting for 56% of total imports. Germany, Tanzania, the Netherlands, China, Madagascar, Indonesia, India and Spain lagged somewhat behind, together comprising a further 39%.

In terms of the main suppliers, Tanzania, with a CAGR of +59.0%, saw 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

The average cinnamon import price stood at $X per ton in 2022, dropping by -6.2% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 47%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average 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 Sri Lanka ($X per ton), while the price for Tanzania ($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 Czech Republic (+84.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cinnamon (canella) in the world?

The countries with the highest volumes of cinnamon consumption in 2021 were Indonesia, Bangladesh and India, together comprising 46% of global consumption.

What are the largest producers of cinnamon (canella) in the world?

The countries with the highest volumes of cinnamon production in 2021 were Indonesia, China and Vietnam, together comprising 88% of global production.

What are the leading suppliers of cinnamon (canella) to Italy?

In value terms, Sri Lanka, France and Indonesia appeared to be the largest cinnamon suppliers to Italy, together accounting for 51% of total imports. Germany, Madagascar, the Netherlands, Spain, Tanzania and Vietnam lagged somewhat behind, together comprising a further 38%.

What are the leading importers of cinnamon (canella) from Italy?

In value terms, Greece, France and Germany constituted the largest markets for cinnamon exported from Italy worldwide, together comprising 63% of total exports. Sri Lanka, Albania, Bulgaria, Serbia, Malta, Chile, Spain, Hungary, Croatia and the UK lagged somewhat behind, together accounting for a further 24%.

What is the average export price for cinnamon (canella) in Italy?

The average cinnamon export price stood at $7,539 per ton in 2021, shrinking by -20.6% against the previous year.

What is the average import price for cinnamon (canella) in Italy?

The average cinnamon import price stood at $6,989 per ton in 2021, approximately equating the previous year.

This report provides an in-depth analysis of the cinnamon market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 693 - Cinnamon (canella)

Country coverage:

Italy

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Italy
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023