The import of crushed or ground cinnamon and cinnamon-tree flowers to Canada is anticipated to see a moderate increase from 2024 through 2028, from $11.862 million in 2024 to $13.661 million in 2028. In 2023, the import value was slightly below the 2024 forecast, indicating a steady upward trend. The year-on-year growth rate averages around 3.5% to 4%. Over the five-year forecast period, the compound annual growth rate (CAGR) is expected to be consistent, reflecting stable demand.
Future trends to watch for include potential impacts of changing consumer preferences towards organic and sustainable products, which could affect cinnamon imports, and trade policies that may influence prices and availability.
