Report Update May 1, 2025

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

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Venezuela: Cinnamon Market 2025

Cinnamon Market Size in Venezuela

After three years of growth, the Venezuelan cinnamon market decreased by -14.6% to $X in 2022. In general, consumption, however, continues to indicate a relatively flat trend pattern. Cinnamon consumption peaked at $X in 2021, and then fell in the following year.

Cinnamon Exports

Exports from Venezuela

After six years of growth, shipments abroad of cinnamon (canella) decreased by -30.9% to X tons in 2021. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 751% against the previous year. As a result, the exports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, cinnamon exports declined significantly to $X in 2021. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,365%. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Canada (X tons) was the main destination for cinnamon exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada was relatively modest.

In value terms, Canada ($X) emerged as the key foreign market for cinnamon (canella) exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest.

Export Prices by Country

The average cinnamon export price stood at $X per ton in 2021, dropping by -2.1% against the previous year. Over the period under review, the export price, however, posted a buoyant increase. The growth pace was the most rapid in 2020 an increase of 190%. As a result, the export price reached the peak level of $X per ton, and then contracted slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2021, the rate of growth in terms of prices for Pakistan amounted to 0.0% per year.

Cinnamon Imports

Imports into Venezuela

After three years of growth, purchases abroad of cinnamon (canella) decreased by -18.8% to X tons in 2022. Over the period under review, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 with an increase of 80%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cinnamon imports contracted to $X in 2022. Overall, imports, however, recorded notable growth. The pace of growth was the most pronounced in 2017 when imports increased by 149% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Vietnam (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of cinnamon imports to Venezuela, together comprising 52% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +69.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($X), China ($X) and Indonesia ($X) were the largest cinnamon suppliers to Venezuela, together comprising 46% of total imports.

Among the main suppliers, Vietnam, with a CAGR of +42.7%, recorded 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

In 2022, the average cinnamon import price amounted to $X per ton, with an increase of 6.1% against the previous year. In general, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 an increase of 58% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.2%), 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, with a combined 46% share 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 Venezuela?

In value terms, Indonesia constituted the largest supplier of cinnamon to Venezuela, comprising 58% of total imports. The second position in the ranking was occupied by China, with a 12% share of total imports. It was followed by Germany, with an 11% share.

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

In 2021, the average cinnamon export price amounted to $2,049 per ton, approximately mirroring the previous year.

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

The average cinnamon import price stood at $4,666 per ton in 2021, dropping by -14.9% against the previous year.

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

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024