Nigeria: Cinnamon Market 2025

Cinnamon Market Size in Nigeria

In 2022, after two years of growth, there was significant decline in the Nigerien cinnamon market, when its value decreased by -80.8% to $X. Over the period under review, consumption showed a abrupt decline. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Cinnamon Production in Nigeria

In value terms, cinnamon production reduced notably to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 11,312,400% against the previous year. Cinnamon production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The average yield of cinnamon (canella) in Nigeria stood at less than X kg per ha in 2022, remaining constant against 2021. In general, the yield showed 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.

In 2022, the harvested area of cinnamon (canella) in Nigeria amounted to less than X ha, flattening at the year before. In general, the harvested area continues to indicate a relatively flat trend pattern.

Cinnamon Exports

Exports from Nigeria

In 2022, after two years of decline, there was significant growth in shipments abroad of cinnamon (canella), when their volume increased by 200% to X tons. Overall, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 822% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, cinnamon exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 779% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for cinnamon exports from Nigeria, with a 93% share of total exports. It was followed by France (X kg), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +114.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.1% per year) and Germany (-59.3% per year).

In value terms, Canada ($X) remains the key foreign market for cinnamon (canella) exports from Nigeria, comprising 89% of total exports. The second position in the ranking was held by France ($X), with a 0.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at +97.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-72.0% per year) and Germany (-59.6% per year).

Export Prices by Country

In 2022, the average cinnamon export price amounted to $X per ton, growing by 34% against the previous year. Overall, the export price showed prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 119%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to France ($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 Sudan (+16.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cinnamon Imports

Imports into Nigeria

In 2022, after two years of growth, there was significant decline in supplies from abroad of cinnamon (canella), when their volume decreased by -76.6% to X tons. Overall, imports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2015 with an increase of 1,866%. Imports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, cinnamon imports dropped dramatically to $X in 2022. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 2,263%. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest cinnamon supplier to Nigeria, with a 28% share of total imports. Moreover, cinnamon imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. Lebanon (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+21.3% per year) and Lebanon (+82.4% per year).

In value terms, the largest cinnamon suppliers to Nigeria were India ($X), Lebanon ($X) and Indonesia ($X), together accounting for 48% of total imports.

Lebanon, with a CAGR of +56.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, reducing by -2.9% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 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 India ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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