México leads as the top cinnamon importer in 2023, with the largest market share, followed by the United States and India. The market for cinnamon imported to Mexico experienced significant growth, as revealed by the notable increases in year-on-year values. The subsequent leading countries reflect a preference for cinnamon within Western markets, notably the US, the UK, and Germany. The CAGR over the last 5 years suggests an upward trend in cinnamon demand across these nations, although smaller importers like Colombia and Ecuador also show promising growth in import values.
Future trends indicate potential for increased demand in the health-conscious segment, exploring cinnamon's health benefits. Additionally, diversification of cinnamon sources owing to sustainable practices and climate impacts are trends to monitor, which could affect trade dynamics and market shares of the top importers.
Top countries in Top Importers of Cinnamon
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Mexico | 84.53 | 2016 | |
| 2 | 2 United States | 76.68 | 2016 | |
| 3 | 3 India | 52.95 | 2016 | |
| 4 | 4 Peru | 14.33 | 2016 | |
| 5 | 5 Germany | 13.11 | 2016 | |
| 6 | 6 Netherlands | 11.58 | 2016 | |
| 7 | 7 United Kingdom | 9.44 | 2016 | |
| 8 | 8 Colombia | 8.91 | 2016 | |
| 9 | 9 Ecuador | 8.59 | 2016 | |
| 10 | 10 Japan | 8.41 | 2016 |