Cinnamon Market in Romania
Market Overview
For the fourth consecutive year, the Romanian cinnamon market recorded growth in sales value, which increased by 
% to $ in . In general, consumption, however, saw prominent growth. The growth pace was the most rapid in 2017 with an increase of % year-to-year. Cinnamon consumption peaked in and is expected to retain growth in the immediate term.
% to $ in . In general, consumption, however, saw prominent growth. The growth pace was the most rapid in 2017 with an increase of % year-to-year. Cinnamon consumption peaked in and is expected to retain growth in the immediate term.Consumption
In , the amount of cinnamon (canella) consumed in Romania reduced to tonnes, falling by -% against the previous year. In general, the total consumption indicated a measured increase from 2007 to : its volume increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of % year-to-year. As a result, consumption reached the peak volume of tonnes. from 2011 to , the growth of the consumption failed to regain the momentum.
The size of the cinnamon market in Romania rose sharply to $ in , growing by % 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). Over the period under review, consumption, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level in and is likely to continue growth in the near future.
, the amount of cinnamon (canella) consumed in Romania reduced to tonnes, falling by -% against the previous year. In general, the total consumption indicated a measured increase from 2007 to : its volume increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of % year-to-year. As a result, consumption reached the peak volume of tonnes. from 2011 to , the growth of the consumption failed to regain the momentum.The size of the cinnamon market in Romania rose sharply to $
in , growing by % 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). Over the period under review, consumption, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 when the market value increased by % against the previous year. Over the period under review, the market attained the peak level in and is likely to continue growth in the near future.Market Forecast
Driven by increasing demand for cinnamon in Romania, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Trade Balance
Romania remains a net importer of cinnamon; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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