The global cinnamon market in 2024 showed China as the leading producer with substantial growth, reflected by a 7.58% increase in 2023. Indonesia, the second largest, experienced a decline of 1.75%. Vietnam's output grew significantly by 5.63%, while Sri Lanka remained stable. Madagascar saw moderate growth, whereas East Timor, Grenada, Sao Tome and Principe, and Dominica reported minor increases. Seychelles experienced a notable decline of 8.77%.
Future trends in cinnamon production may involve:
- China leveraging innovations and scaling to boost its leadership.
- Indonesia potentially stabilizing its output with sustainable practices.
- Vietnam expanding its market share through export enhancements.
- Emerging markets focusing on niche marketing to increase their production.
Top countries in Cinnamon Gross Production by Country
| # | 10 Countries | Thousand US Dollars PPP = 2004–2006 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 302,570 | 2023 | +7.03% | +7.58% | View data |
| 2 | 2 Indonesia | 200,300 | 2023 | +5.3% | -1.75% | View data |
| 3 | 3 Vietnam | 137,090 | 2023 | +4.64% | +5.63% | View data |
| 4 | 4 Sri Lanka | 65,390 | 2023 | +0.7% | -0.007% | View data |
| 5 | 5 Madagascar | 10,670 | 2023 | +2.03% | +2.47% | View data |
| 6 | 6 East Timor | 340 | 2023 | +1.19% | +1.16% | View data |
| 7 | 7 Grenada | 227 | 2023 | 0% | +0.27% | View data |
| 8 | 8 Sao Tome and Principe | 159 | 2023 | +0.63% | +0.13% | View data |
| 9 | 9 Dominica | 157 | 2023 | +0.64% | +0.26% | View data |
| 10 | 10 Seychelles | 91 | 2023 | +13.75% | -8.77% | View data |
