In 2023, the import of crushed or ground cinnamon and cinnamon-tree flowers to Japan stood at a certain volume, setting the baseline for projected changes. The forecast data from 2024 to 2028 suggests a gradual decline in import volumes, with a slight decrease each year. This trend indicates a year-on-year reduction as imports are expected to drop from 595.71 thousand kilograms in 2024, reaching 581.18 thousand kilograms by 2028. The average annual decrease, or compound annual growth rate (CAGR), over this five-year period is expected to be negative, reflecting a consistent decline.
Future trends to watch for include:
- Shifts in consumer preferences and demand for cinnamon-based products.
- Policy changes affecting import duties and regulations in Japan.
- Global supply chain disruptions which could impact the availability and cost of importing spices.
- Environmental factors affecting cinnamon production in exporting countries.
