SADC: Cinnamon Market 2024

Cinnamon Market Size in SADC

The SADC cinnamon market totaled $X in 2022, picking up by X% against the previous year. In general, consumption showed prominent growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cinnamon Production in SADC

In value terms, cinnamon production surged to $X in 2022 estimated in export price. Over the period under review, production posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

The country with the largest volume of cinnamon production was Madagascar (X tons), accounting for X% of total volume. Moreover, cinnamon production in Madagascar exceeded the figures recorded by the second-largest producer, Tanzania (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Madagascar amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Tanzania (X% per year) and Namibia (X% per year).

In 2022, the average cinnamon yield in SADC rose significantly to X tons per ha, increasing by X% on 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 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 2021 with an increase of X%. The level of yield peaked in 2022 and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cinnamon (canella) production in SADC fell slightly to X ha, dropping by X% on 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the cinnamon harvested area remained at a somewhat lower figure.

Cinnamon Exports

Exports in SADC

In 2022, the amount of cinnamon (canella) exported in SADC declined to X tons, dropping by X% against the previous year's figure. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cinnamon exports reduced to $X in 2022. Over the period under review, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Madagascar represented the main exporter of cinnamon (canella) in SADC, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Tanzania (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Namibia (X%).

Exports from Madagascar increased at an average annual rate of X% from 2012 to 2022. At the same time, Tanzania (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Tanzania and Namibia increased by X and X percentage points, respectively.

In value terms, Madagascar ($X) remains the largest cinnamon supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Madagascar stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (X% per year) and Namibia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price posted strong growth. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the other leaders experienced a decline in the export price figures.

Cinnamon Imports

Imports in SADC

In 2022, approx. X tons of cinnamon (canella) were imported in SADC; remaining stable against 2021 figures. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cinnamon imports expanded to $X in 2022. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

South Africa was the key importing country with an import of about X tons, which resulted at X% of total imports. Tanzania (X tons) held the second position in the ranking, followed by Angola (X tons) and Mauritius (X tons). All these countries together held near X% share of total imports. The following importers - Democratic Republic of the Congo (X tons), Madagascar (X tons) and Namibia (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cinnamon imports into South Africa stood at X%. At the same time, Madagascar (X%), Tanzania (X%), Democratic Republic of the Congo (X%) and Angola (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. Mauritius experienced a relatively flat trend pattern. By contrast, Namibia (X%) illustrated a downward trend over the same period. Tanzania (X p.p.), South Africa (X p.p.), Democratic Republic of the Congo (X p.p.) and Madagascar (X p.p.) significantly strengthened its position in terms of the total imports, while Mauritius and Namibia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported cinnamon (canella) in SADC, comprising X% of total imports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total imports. It was followed by Angola, with a X% share.

In South Africa, cinnamon imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Angola (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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