Luxembourg: Cinnamon Market 2025

Cinnamon Market Size in Luxembourg

After four years of growth, the Luxembourg cinnamon market decreased by -17.8% to $X in 2022. Overall, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Cinnamon Exports

Exports from Luxembourg

In 2022, the amount of cinnamon (canella) exported from Luxembourg shrank sharply to X kg, waning by -17.2% compared with the year before. In general, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. As a result, the exports attained the peak of X kg, and then shrank notably in the following year.

In value terms, cinnamon exports totaled $X in 2022. Over the period under review, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 67%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Belgium (X kg), France (X kg) and Germany (X kg) were the main destinations of cinnamon exports from Luxembourg, with a combined 87% share of total exports. Azerbaijan and the Netherlands lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +24.1%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Germany ($X) were the largest markets for cinnamon exported from Luxembourg worldwide, with a combined 94% share of total exports. Azerbaijan and the Netherlands lagged somewhat behind, together comprising a further 5.8%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +39.0%, recorded the highest growth rate of the value of exports, 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, rising by 26% against the previous year. In general, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 35%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Azerbaijan ($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 the Netherlands (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cinnamon Imports

Imports into Luxembourg

In 2022, the amount of cinnamon (canella) imported into Luxembourg contracted markedly to X tons, falling by -15.4% on the previous year's figure. Overall, imports, however, continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2016 with an increase of 107%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, cinnamon imports declined markedly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 86%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of cinnamon imports to Luxembourg, with a combined 76% share of total imports. The Netherlands, Portugal, Vietnam, India and Indonesia lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +44.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Germany ($X) constituted the largest cinnamon suppliers to Luxembourg, with a combined 71% share of total imports. The Netherlands, Portugal, Vietnam, India and Indonesia lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, India, with a CAGR of +48.4%, saw the highest rates of growth with regard to 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, falling by -4.4% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The growth pace was the most rapid in 2020 an increase of 36% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Vietnam ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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