Western Africa: Cinnamon Market 2025

Cinnamon Market Size in Western Africa

The West African cinnamon market declined remarkably to $X in 2022, waning by -15.6% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.5% against 2016 indices. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Cinnamon Production in Western Africa

In value terms, cinnamon production reached $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 -0.1% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 27%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Guinea (X tons) constituted the country with the largest volume of cinnamon production, comprising approx. 67% of total volume. Moreover, cinnamon production in Guinea exceeded the figures recorded by the second-largest producer, Niger (X tons), ninefold. Ghana (X tons) ranked third in terms of total production with a 6.9% share.

In Guinea, cinnamon production expanded at an average annual rate of +1.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Niger (+3.1% per year) and Ghana (+1.8% per year).

Cinnamon Exports

Exports in Western Africa

In 2022, shipments abroad of cinnamon (canella) decreased by -22% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 1,078% 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 somewhat lower figure.

In value terms, cinnamon exports shrank sharply to $X in 2022. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 611% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria prevails in exports structure, recording X tons, which was near 91% of total exports in 2022. It was distantly followed by Sierra Leone (X kg), creating a 5.4% share of total exports. Cote d'Ivoire (X kg) took a relatively small share of total exports.

Exports from Nigeria decreased at an average annual rate of -10.4% from 2012 to 2022. At the same time, Cote d'Ivoire (+18.1%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +18.1% from 2012-2022. By contrast, Sierra Leone (-8.1%) illustrated a downward trend over the same period. Nigeria (+4.9 p.p.) and Cote d'Ivoire (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) emerged as the largest cinnamon supplier in Western Africa, comprising 62% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with a 28% share of total exports.

In Nigeria, cinnamon exports plunged by an average annual rate of -5.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (-2.7% per year) and Cote d'Ivoire (+16.0% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by -68% against the previous year. In general, the export price, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2021 an increase of 362% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+5.9%), while the other leaders experienced mixed trends in the export price figures.

Cinnamon Imports

Imports in Western Africa

After four years of growth, supplies from abroad of cinnamon (canella) decreased by -56.4% to X tons in 2022. Overall, imports, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2015 with an increase of 130% against the previous year. The volume of import peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, cinnamon imports reduced rapidly to $X in 2022. Over the period under review, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 74% against the previous year. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, Nigeria (X tons) and Senegal (X tons) were the major importers of cinnamon (canella) in Western Africa, together recording approx. 68% of total imports. Ghana (X tons) ranks next in terms of the total imports with a 12% share, followed by Cabo Verde (8.3%). Mali (X tons), Benin (X tons) and Guinea-Bissau (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of +37.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cabo Verde ($X), Senegal ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 64% of total imports.

Senegal, with a CAGR of +36.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, jumping by 28% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2016 an increase of 52%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cabo Verde ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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