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Denmark - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCinnamon Price in Denmark - 2023
Contents:
- Cinnamon Price in Denmark (CIF) - 2022
- Cinnamon Price in Denmark (FOB) - 2022
- Cinnamon Imports in Denmark
- Cinnamon Exports in Denmark
Cinnamon Price in Denmark (CIF) - 2022
The average cinnamon import price stood at $7,044 per ton in 2022, falling by -14.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2020 an increase of 26% against the previous year. Over the period under review, average import prices reached the maximum at $8,212 per ton in 2021, and then shrank in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($20,267 per ton), while the price for China ($2,912 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Cinnamon Price in Denmark (FOB) - 2022
The average cinnamon export price stood at $8,206 per ton in 2022, shrinking by -5.2% against the previous year. Overall, the export price, however, showed a prominent expansion. The growth pace was the most rapid in 2015 when the average export price increased by 64% against the previous year. The export price peaked at $12,275 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Faroe Islands ($16,856 per ton), while the average price for exports to Iceland ($4,496 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Cinnamon Imports in Denmark
In 2022, the amount of cinnamon (canella) imported into Denmark fell notably to 481 tons, waning by -23.1% on 2021 figures. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. As a result, imports reached the peak of 625 tons, and then reduced rapidly in the following year.
In value terms, cinnamon imports fell dramatically to $3.4M in 2022. Overall, imports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year. As a result, imports reached the peak of $5.1M, and then shrank rapidly in the following year.
Import of Cinnamon in Denmark (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 936 | 1,504 | 2,022 | 1,555 | 18.4% |
Netherlands | 1,052 | 331 | 1,141 | 614 | -16.4% |
Sweden | 504 | 541 | 1,069 | 502 | -0.1% |
Spain | 126 | 44.1 | 122 | 179 | 12.4% |
Poland | 12.6 | 2.7 | 236 | 113 | 107.8% |
India | 3.6 | 8.7 | 116 | 112 | 214.5% |
China | 2.0 | 17.2 | 104 | 47.2 | 186.8% |
Finland | 128 | 80.6 | 47.6 | 33.0 | -36.4% |
Others | 185 | 299 | 277 | 233 | 8.0% |
Total | 2,949 | 2,829 | 5,134 | 3,387 | 4.7% |
Top Suppliers of Cinnamon to Denmark in 2022:
- Germany (218.5 tons)
- Netherlands (124.9 tons)
- Spain (28.8 tons)
- Sweden (24.8 tons)
- India (22.3 tons)
- China (16.2 tons)
- Poland (16.1 tons)
- Finland (4.5 tons)
Cinnamon Exports in Denmark
In 2022, exports of cinnamon (canella) from Denmark declined notably to 81 tons, waning by -24.4% against the previous year. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 227%. As a result, the exports reached the peak of 107 tons, and then fell notably in the following year.
In value terms, cinnamon exports contracted notably to $661K in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 143%. As a result, the exports attained the peak of $923K, and then reduced rapidly in the following year.
Export of Cinnamon in Denmark (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 50.2 | 66.9 | 373 | 378 | 96.0% |
Norway | 85.9 | 129 | 257 | 149 | 20.2% |
Faroe Islands | 23.2 | 28.5 | 29.9 | 25.3 | 2.9% |
Iceland | 60.2 | 27.3 | 75.2 | 18.5 | -32.5% |
Greenland | 17.8 | 16.9 | 15.5 | 14.1 | -7.5% |
Finland | 23.6 | 25.2 | 24.7 | 13.4 | -17.2% |
France | 12.7 | 12.8 | 6.2 | 9.1 | -10.5% |
Germany | 14.0 | 11.3 | 10.0 | 6.0 | -24.6% |
United Kingdom | 1.3 | 19.5 | 63.2 | 3.1 | 33.6% |
Others | 34.6 | 42.2 | 67.9 | 45.3 | 9.4% |
Total | 323 | 380 | 923 | 661 | 27.0% |
Top Export Markets for Cinnamon from Denmark in 2022:
- Sweden (50.5 tons)
- Norway (15.0 tons)
- Iceland (4.1 tons)
- Faroe Islands (1.5 tons)
- France (1.4 tons)
- Finland (1.3 tons)
- Greenland (1.0 tons)
- Germany (0.7 tons)
- United Kingdom (0.5 tons)
This report provides an in-depth analysis of the cinnamon market in Denmark. 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:
- Denmark
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Denmark
- 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
This report provides an in-depth analysis of the cinnamon market in Denmark.
This report provides an in-depth analysis of the global cinnamon market.
This report provides an in-depth analysis of the cinnamon market in Denmark.
This report provides an in-depth analysis of the global cinnamon market.
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
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
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.