Global Cinnamon Market Overview
In value terms, cinnamon production totaled $325M in 2010 estimated in export prices. The total output value increased at an average annual rate of +7.1% from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when production volume increased by 14% against the previous year. Over the period under review, global cinnamon production reached its maximum level in 2010 and is likely to see steady growth in the immediate term.
The countries with the highest volumes of cinnamon production in 2010 were Indonesia (88K tonnes), China (63K tonnes) and Sri Lanka (16K tonnes), with a combined 87% share of global production.
From 2007 to 2010, the most notable rate of growth in terms of cinnamon production, amongst the main producing countries, was attained by Sri Lanka, while the other global leaders experienced mixed trends in the production figures.
Global average cinnamon yield totaled 841 kg per ha in 2010, reducing by -6.2% against the previous year. Over the period under review, the cinnamon yield continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2008 with an increase of 1.7% y-o-y. The global cinnamon yield peaked at 897 kg per ha in 2009, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2010, the global harvested area of cinnamon (canella) stood at 229K ha, therefore, remained relatively stable against the previous year. The harvested area increased at an average annual rate of +1.0% from 2007 to 2010; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2009 with an increase of 2.6% year-to-year. The global cinnamon harvested area peaked in 2010 and is expected to retain its growth in the immediate term.
The global cinnamon market revenue amounted to $959M in 2010, growing by 46% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total market indicated a prominent increase from 2007 to 2010: its value increased at an average annual rate of +1.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2010 figures, cinnamon consumption increased by +53.5% against 2007 indices. The pace of growth appeared the most rapid in 2010 with an increase of 46% y-o-y. In that year, the global cinnamon market reached its peak level and is likely to continue its growth in the immediate term.
From 2007 to 2010, the most notable rate of growth in terms of cinnamon consumption, amongst the main consuming countries, was attained by Sri Lanka (+160.1% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the largest cinnamon markets worldwide were Indonesia ($60M), Mexico ($43M) and the U.S. ($42M), with a combined 15% share of the global market. These countries were followed by China, Sri Lanka, India, the United Arab Emirates, Bangladesh, Pakistan and Saudi Arabia, which together accounted for a further 12%.
Sri Lanka (+173.9% per year) recorded the highest growth rate of cinnamon market, among the main consuming countries over the last three years, while the other global leaders experienced more modest paces of growth.
In 2010, the highest levels of cinnamon per capita consumption was registered in the United Arab Emirates (959 kg per 1000 persons), followed by Sri Lanka (202 kg per 1000 persons), Indonesia (177 kg per 1000 persons) and Saudi Arabia (111 kg per 1000 persons), while the world average per capita consumption of cinnamon was estimated at 28 kg per 1000 persons.
From 2007 to 2010, the average annual growth rate of the cinnamon per capita consumption in the United Arab Emirates totaled -12.1%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Sri Lanka (+156.3% per year) and Indonesia (-12.1% per year).