Spain - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCinnamon Price in Spain - 2023
Contents:
- Cinnamon Price in Spain (CIF) - 2023
- Cinnamon Price in Spain (FOB) - 2023
- Cinnamon Imports in Spain
- Cinnamon Exports in Spain
Cinnamon Price in Spain (CIF) - 2023
The average cinnamon import price stood at $5,742 per ton in June 2023, rising by 3.7% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 111% against the previous month. As a result, import price reached the peak level of $8,766 per ton. From November 2022 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Portugal ($26,624 per ton), while the price for Madagascar ($2,277 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Cinnamon Price in Spain (FOB) - 2023
The average cinnamon export price stood at $6,203 per ton in June 2023, increasing by 40% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the Netherlands ($11,689 per ton), while the average price for exports to Denmark ($3,094 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Cinnamon Imports in Spain
In 2022, overseas purchases of cinnamon (canella) decreased by -9.3% to 2.1K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 31%. As a result, imports reached the peak of 2.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cinnamon imports shrank sharply to $11M in 2022. Overall, imports saw a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year.
| Import of Cinnamon in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 5.7 | 4.7 | 4.7 | 3.5 | -15.0% |
| Vietnam | 2.0 | 3.0 | 4.3 | 3.3 | 18.2% |
| Madagascar | 0.8 | 1.2 | 1.1 | 1.4 | 20.5% |
| Indonesia | 1.0 | 1.5 | 1.0 | 0.9 | -3.5% |
| Netherlands | 0.4 | 0.7 | 0.7 | 0.5 | 7.7% |
| Germany | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| Others | 1.1 | 1.0 | 0.9 | 0.6 | -18.3% |
| Total | 11.4 | 12.6 | 13.0 | 10.7 | -2.1% |
Top Suppliers of Cinnamon to Spain in 2022:
- Vietnam (868.8 tons)
- Madagascar (463.9 tons)
- Germany (287.6 tons)
- Sri Lanka (236.9 tons)
- Netherlands (95.8 tons)
- Indonesia (74.6 tons)
Cinnamon Exports in Spain
In 2022, shipments abroad of cinnamon (canella) decreased by -6.1% to 929 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 41% against the previous year.
In value terms, cinnamon exports dropped sharply to $4.1M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.3% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 46%.
| Export of Cinnamon in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 299 | 486 | 716 | 900 | 44.4% |
| Portugal | 411 | 352 | 573 | 686 | 18.6% |
| United Kingdom | 429 | 830 | 849 | 671 | 16.1% |
| Netherlands | 68.9 | 64.8 | 208 | 285 | 60.5% |
| Italy | 226 | 413 | 519 | 182 | -7.0% |
| Denmark | 124 | 42.8 | 104 | 131 | 1.8% |
| Belgium | 69.5 | 89.6 | 161 | 131 | 23.5% |
| Costa Rica | 133 | 191 | 188 | 93.3 | -11.1% |
| Greece | 45.2 | 67.5 | 72.4 | 86.4 | 24.1% |
| Poland | 28.1 | 189 | 408 | 82.6 | 43.2% |
| Nicaragua | 80.0 | 76.2 | 39.3 | 44.0 | -18.1% |
| Others | 616 | 879 | 1,032 | 762 | 7.3% |
| Total | 2,530 | 3,681 | 4,869 | 4,055 | 17.0% |
Top Export Markets for Cinnamon from Spain in 2022:
- France (225.2 tons)
- Portugal (176.6 tons)
- United Kingdom (142.3 tons)
- Netherlands (88.3 tons)
- Italy (52.3 tons)
- Belgium (40.2 tons)
- Denmark (38.5 tons)
- Poland (19.1 tons)
- Costa Rica (17.4 tons)
- Greece (15.2 tons)
- Nicaragua (11.3 tons)
This report provides an in-depth analysis of the cinnamon market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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.
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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
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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
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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
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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
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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
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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
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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
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This report provides an in-depth analysis of the cinnamon market in Spain.
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This report provides an in-depth analysis of the global cinnamon market.
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This report provides an in-depth analysis of the cinnamon market in Spain.
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This report provides an in-depth analysis of the global cinnamon market.
608
In May 2023, the price of cinnamon reached $5,533 per ton (CIF, Spain), marking a 34% increase compared to the previous month.
1070
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2614
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
9515
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3847
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.
4408
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.
2857
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
2238
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
608
In May 2023, the price of cinnamon reached $5,533 per ton (CIF, Spain), marking a 34% increase compared to the previous month.
1070
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
