Report Update Nov 1, 2024

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

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Myanmar: Cinnamon Market 2024

Cinnamon Market Size in Myanmar

After three years of decline, the Myanmar's cinnamon market increased by 1,515% to $X in 2022. Overall, consumption, however, showed a noticeable contraction. Cinnamon consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Cinnamon Production in Myanmar

In value terms, cinnamon production stood at $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 -2.9% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 20% against the previous year. Cinnamon production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of cinnamon (canella) in Myanmar amounted to less than X kg per ha, leveling off at the year before. Over the period under review, the yield saw 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.

The cinnamon harvested area in Myanmar stood at less than X ha in 2022, approximately mirroring 2021 figures. In general, the harvested area showed a relatively flat trend pattern.

Cinnamon Exports

Exports from Myanmar

In 2022, after four years of growth, there was significant decline in overseas shipments of cinnamon (canella), when their volume decreased by -45.9% to X tons. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 483%. As a result, the exports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, cinnamon exports dropped remarkably to $X in 2022. In general, exports, however, saw strong growth. The pace of growth was the most pronounced in 2019 with an increase of 524% against the previous year. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

China (X tons) was the main destination for cinnamon exports from Myanmar, accounting for a 87% share of total exports. Moreover, cinnamon exports to China exceeded the volume sent to the second major destination, Thailand (X tons), ninefold.

From 2014 to 2022, the average annual growth rate of volume to China amounted to +76.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+0.3% per year) and Pakistan (+45.8% per year).

In value terms, China ($X) remains the key foreign market for cinnamon (canella) exports from Myanmar, comprising 83% of total exports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total exports.

From 2014 to 2022, the average annual growth rate of value to China amounted to +55.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-2.0% per year) and Pakistan (-20.2% per year).

Export Prices by Country

The average cinnamon export price stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price, however, continues to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 237%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+53.1%), while the prices for the other major destinations experienced a decline.

Cinnamon Imports

Imports into Myanmar

In 2022, after two years of growth, there was significant decline in overseas purchases of cinnamon (canella), when their volume decreased by -99.7% to X kg. Over the period under review, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 513%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cinnamon imports declined markedly to $X in 2022. In general, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 462% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X kg) was the main cinnamon supplier to Myanmar, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Australia totaled +35.1%.

In value terms, Australia ($X) constituted the largest supplier of cinnamon (canella) to Myanmar.

From 2012 to 2022, the average annual growth rate of value from Australia stood at +3.9%.

Import Prices by Country

The average cinnamon import price stood at $X per ton in 2022, jumping by 98% against the previous year. In general, the import price enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when the average import price increased by 147%. The import price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +13.9% per year.

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, with a combined 88% share of global production.

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

In value terms, Indonesia constituted the largest supplier of cinnamon to Myanmar, comprising 72% of total imports. The second position in the ranking was occupied by Thailand, with a 13% share of total imports.

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

In value terms, China remains the key foreign market for cinnamon exports from Myanmar, comprising 74% of total exports. The second position in the ranking was occupied by Singapore, with an 11% share of total exports.

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

The average cinnamon export price stood at $5,648 per ton in 2021, dropping by -1.9% against the previous year.

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

The average cinnamon import price stood at $3,229 per ton in 2021, reducing by -23.1% against the previous year.

This report provides an in-depth analysis of the cinnamon market in Myanmar. 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:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
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