In 2023, Sri Lanka led the global cinnamon export market with an impressive value of $159.11 million, followed by Indonesia and China, with exports valued at $94.15 million and $91.5 million respectively. Noteworthy European contributors included the Netherlands ($16.17 million) and Germany ($7.25 million). Additionally, the United States, UAE, France, India, and Madagascar marked their positions in the market. Over the past year, the industry witnessed notable growth dynamics with varying annual increases observed in key markets.
Looking forward, the global demand for cinnamon is expected to expand, driven by its popularity in culinary and health sectors. Key trends anticipated include increased production efficiency and diversification strategies by top exporters to enhance market share, especially in emerging regions with rising consumption patterns. Sustainability practices are also projected to become a focal point to meet ecological and consumer awareness standards.
Top countries in Top Exporters of Cinnamon
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Sri Lanka | 159.11 | 2016 | |
| 2 | 2 Indonesia | 94.15 | 2016 | |
| 3 | 3 China | 91.5 | 2016 | |
| 4 | 4 Netherlands | 16.17 | 2016 | |
| 5 | 5 United States | 8.28 | 2016 | |
| 6 | 6 Germany | 7.25 | 2016 | |
| 7 | 7 United Arab Emirates | 6.99 | 2016 | |
| 8 | 8 France | 6.18 | 2016 | |
| 9 | 9 India | 4.79 | 2016 | |
| 10 | 10 Madagascar | 3.69 | 2016 |