Saudi Arabia - Cinnamon (Canella) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCinnamon Price in Saudi Arabia - 2021
Contents:
- Cinnamon Price in Saudi Arabia (CIF) - 2022
- Cinnamon Price in Saudi Arabia (FOB) - 2022
- Cinnamon Imports in Saudi Arabia
- Cinnamon Exports in Saudi Arabia
Cinnamon Price in Saudi Arabia (CIF) - 2022
In 2022, the average cinnamon import price amounted to $2,827 per ton, falling by -5.9% against the previous year. Over the period under review, the import price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 35%. The import price peaked at $3,004 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($5,058 per ton), while the price for China totaled $2,656 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.2%).
Cinnamon Price in Saudi Arabia (FOB) - 2022
The average cinnamon export price stood at $2,995 per ton in 2021, growing by 12% against the previous year. Overall, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 87%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($5,710 per ton), while the average price for exports to the United Arab Emirates ($1,546 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.
Cinnamon Imports in Saudi Arabia
In 2022, approx. 4.8K tons of cinnamon (canella) were imported into Saudi Arabia; growing by 13% compared with 2021 figures. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 32% against the previous year. As a result, imports reached the peak of 5.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cinnamon imports rose sharply to $13M in 2022. The total import value increased at an average annual rate of +11.4% 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 with an increase of 46%. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Cinnamon in Saudi Arabia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 9.3 | 12.8 | 11.1 | 11.8 | 8.3% |
Vietnam | 0.4 | 1.2 | 1.4 | 1.4 | 51.8% |
Others | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
Total | 9.8 | 14.3 | 12.7 | 13.5 | 11.3% |
Top Suppliers of Cinnamon to Saudi Arabia in 2022:
- China (4.5K tons)
- Vietnam (0.3K tons)
Cinnamon Exports in Saudi Arabia
In 2021, approx. 167 tons of cinnamon (canella) were exported from Saudi Arabia; picking up by 69% on the year before. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cinnamon exports soared to $500K in 2021. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Cinnamon in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
Yemen | 222 | 312 | 40.5% | ||
Kuwait | N/A | 57.9 | 0% | ||
China | N/A | 40.6 | 0% | ||
United Arab Emirates | 13.4 | 29.2 | 117.9% | ||
Bahrain | 8.8 | 29.1 | 230.7% | ||
Qatar | N/A | 24.0 | 0% | ||
Oman | 21.3 | N/A | 0% | ||
Others | N/A | 8.0 | 0% | ||
Total | 265 | 500 | 88.7% |
Top Export Markets for Cinnamon from Saudi Arabia in 2022:
- Yemen (107.8 tons)
- United Arab Emirates (18.9 tons)
- Kuwait (14.2 tons)
- China (12.6 tons)
- Qatar (6.0 tons)
- Bahrain (5.1 tons)
This report provides an in-depth analysis of the cinnamon market in Saudi Arabia. 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:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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
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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 Saudi Arabia.
This report provides an in-depth analysis of the global cinnamon market.
This report provides an in-depth analysis of the cinnamon market in Saudi Arabia.
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...
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.
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.
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.
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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
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.