Indonesia - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingCinnamon Price in Indonesia - 2022
Contents:
- Cinnamon Price in Indonesia (FOB) - 2022
- Cinnamon Price in Indonesia (CIF) - 2022
- Cinnamon Exports in Indonesia
- Cinnamon Imports in Indonesia
Cinnamon Price in Indonesia (FOB) - 2022
In March 2022, the average cinnamon export price amounted to $5,224 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2021 when the average export price increased by 7.1% month-to-month. The export price peaked at $5,367 per ton in December 2021; however, from January 2022 to March 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In March 2022, the countries with the highest prices were Thailand ($6,302 per ton) and India ($5,746 per ton), while the average price for exports to the United States ($4,994 per ton) and Vietnam ($5,053 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Cinnamon Price in Indonesia (CIF) - 2022
In March 2022, the average cinnamon import price amounted to $4,127 per ton, picking up by 4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in October 2021 when the average import price increased by 40% m-o-m. The import price peaked at $4,134 per ton in December 2021; afterwards, it flattened through to March 2022.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From March 2021 to March 2022, the rate of growth in terms of prices for Vietnam amounted to +3.2% per month.
Cinnamon Exports in Indonesia
In 2022, overseas shipments of cinnamon (canella) decreased by -20% to 26K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 0.3%. As a result, the exports attained the peak of 37K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cinnamon exports reduced rapidly to $131M in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 13% against the previous year.
| Export of Cinnamon in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 69.7 | 77.1 | 88.4 | 69.6 | -0.0% |
| Netherlands | 9.4 | 15.3 | 12.1 | 12.6 | 10.3% |
| Vietnam | 6.6 | 9.0 | 13.3 | 6.9 | 1.5% |
| Thailand | 4.6 | 6.4 | 4.4 | 5.4 | 5.5% |
| India | 4.1 | 3.4 | 5.7 | 4.7 | 4.7% |
| France | 2.5 | 4.0 | 2.9 | 4.2 | 18.9% |
| Malaysia | 3.2 | 4.1 | 3.9 | 3.6 | 4.0% |
| Germany | 3.4 | 2.8 | 4.6 | 3.3 | -1.0% |
| Brazil | 6.2 | 7.8 | 4.3 | 2.1 | -30.3% |
| Others | 24.0 | 21.3 | 21.2 | 19.0 | -7.5% |
| Total | 134 | 151 | 161 | 131 | -0.8% |
Top Export Markets for Cinnamon from Indonesia in 2022:
- United States (14.0K tons)
- Netherlands (2.6K tons)
- Vietnam (1.7K tons)
- India (0.9K tons)
- Thailand (0.9K tons)
- Malaysia (0.8K tons)
- France (0.7K tons)
- Germany (0.6K tons)
- Brazil (0.4K tons)
Cinnamon Imports in Indonesia
In 2022, overseas purchases of cinnamon (canella) decreased by -63.7% to 2.3K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. As a result, imports reached the peak of 6.3K tons, and then declined notably in the following year.
In value terms, cinnamon imports declined remarkably to $8.4M in 2022. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports reached the peak of $21M, and then dropped notably in the following year.
| Import of Cinnamon in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 10.9 | 14.6 | 20.5 | 7.8 | -10.6% |
| India | N/A | N/A | N/A | 0.3 | 0% |
| China | 0.3 | 0.4 | 0.3 | 0.1 | -30.7% |
| Sri Lanka | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.3 | 0.1 | 0.3 | N/A | 0.0% |
| Total | 11.5 | 15.1 | 21.1 | 8.4 | -9.9% |
Top Suppliers of Cinnamon to Indonesia in 2022:
- Vietnam (2130.8 tons)
- Sri Lanka (52.1 tons)
- India (48.7 tons)
- China (36.9 tons)
This report provides an in-depth analysis of the cinnamon market in Indonesia. 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:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
1016
This report provides an in-depth analysis of the cinnamon market in Indonesia.
9258
This report provides an in-depth analysis of the global cinnamon market.
1016
This report provides an in-depth analysis of the cinnamon market in Indonesia.
9258
This report provides an in-depth analysis of the global cinnamon market.
1066
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2605
From 2007 to 2016, the global cinnamon market value fluctuated perceptibly. According to IndexBox estimates, a significant increase in 2008 (X% Y-o-Y) was followed by a slight drop in 2009 (X% Y-o-Y). Over the next two years, the market gradually in
9493
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3836
In 2015, the countries with the highest levels of cinnamon production in 2015 were Indonesia (X thousand tons), China (X thousand tons), Vietnam (X thousand tons), together accounting for X% of total output.
4395
Cinnamon production reached X thousand tons in 2016, with a positive dynamic being recorded over the last few years, except for a slight decline in 2010.
2851
Cinnamon is one of the most common spices today. It can be used in cooking, when added to salads, soups, or beverages (cinnamon flavored tea is very popular nowadays), or pharmaceutical industry. Besides, it is one of the most repeatedly used additives
2233
Sri Lanka dominates in the global cinnamon trade. In 2014, Sri Lanka exported X thousand tons of сinnamon totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total сinnamon expor
1066
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2605
From 2007 to 2016, the global cinnamon market value fluctuated perceptibly. According to IndexBox estimates, a significant increase in 2008 (X% Y-o-Y) was followed by a slight drop in 2009 (X% Y-o-Y). Over the next two years, the market gradually in
9493
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
