Timor-Leste: Cinnamon Market 2020

Cinnamon Market Size in Timor-Leste

The revenue of the cinnamon market in Timor-Leste amounted to $X in 2018, waning by -X% against the previous year. Overall, cinnamon consumption continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. In that year, the cinnamon market attained its peak level of $X, and then declined slightly in the following year.

Cinnamon Production in Timor-Leste

In value terms, cinnamon production totaled $X in 2018 estimated in export prices. Over the period under review, cinnamon production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when production volume increased by X% y-o-y. In that year, cinnamon production attained its peak level of $X, and then declined slightly in the following year.

In 2018, the average yield of cinnamon (canella) in Timor-Leste amounted to X kg per ha, approximately mirroring the previous year. Over the period under review, the cinnamon yield continues to indicate 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 2018, the harvested area of cinnamon (canella) in Timor-Leste stood at X ha, remaining stable against the previous year. Overall, the cinnamon harvested area continues to indicate a relatively flat trend pattern.

Cinnamon Exports

Exports by Country

The exports of the three major exporters of cinnamon (canella), namely China, Vietnam and Indonesia, represented more than two-thirds of total export. It was distantly followed by Sri Lanka (X tons), constituting a X% share of total exports. The Netherlands (X tons) and Madagascar (X tons) held a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Madagascar, while the other leaders experienced more modest paces of growth.

In value terms, the largest cinnamon markets from Timor-Leste were Sri Lanka ($X), Indonesia ($X) and China ($X), with a combined X% share of total exports. These countries were followed by Vietnam, the Netherlands and Madagascar, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The cinnamon export price in Timor-Leste stood at $X per ton in 2018, falling by -X% against the previous year. Overall, the cinnamon export price continues to indicate a relatively flat trend pattern. Timor-Leste export price peaked at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Sri Lanka ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Cinnamon Imports

Imports into Timor-Leste

In 2018, the amount of cinnamon (canella) imported into Timor-Leste amounted to X kg, going up by X% against the previous year. Over the period under review, cinnamon imports, however, continue to indicate a deep curtailment. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Timor-Leste imports peaked at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, cinnamon imports stood at $X in 2018. Over the period under review, cinnamon imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. In that year, cinnamon imports reached their peak of $X. From 2014 to 2018, the growth of cinnamon imports remained at a somewhat lower figure.

Imports by Country

India (X tons) and the U.S. (X tons) were the largest importers of cinnamon (canella) in 2018, resulting at approx. X% and X% of total imports, respectively. It was distantly followed by Mexico (X tons), making up a X% share of total imports. The Netherlands (X tons), Bangladesh (X tons), Pakistan (X tons), Saudi Arabia (X tons), Germany (X tons), the United Arab Emirates (X tons), Iran (X tons), Brazil (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Mexico ($X) and India ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. The Netherlands, Germany, Bangladesh, Brazil, Saudi Arabia, the United Arab Emirates, Vietnam, Pakistan, Iran and Timor-Leste lagged somewhat behind, together comprising a further X Nam recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the cinnamon import price in Timor-Leste amounted to $X per ton, reducing by -X% against the previous year. Overall, the cinnamon import price, however, continues to indicate an extraordinary expansion. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Timor-Leste import price peaked at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Mexico ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform