In 2023, the UK imported approximately 1.355 million kilograms of whole cinnamon and cinnamon-tree flowers. From 2024 onwards, forecasts reveal a steady growth trajectory, with imports projected to rise annually, reaching around 1.391 million kilograms by 2028.
Year-on-year growth showcases minimal percentage increases each year, reflecting a stable demand with minor expansion. The compound annual growth rate (CAGR) from 2024 to 2028 is modest, symbolizing a consistent market for this spice.
Future trends to watch include:
- Potential shifts in consumer preferences towards organic and sustainable sources, impacting import volumes.
- Fluctuations in global cinnamon production influencing pricing and import decisions.
- The effect of trade agreements or geopolitical factors impacting import policies and tariffs.
