Cinnamon market in Americas

Earlier Report Observations

The cinnamon market volume in the Americas experienced significant fluctuations between 2018 and 2023. Starting at 33 636 t in 2018, consumption fell to 28 195 t in 2019 before a slight stabilization around 28 775 t in 2020. A sharp contraction followed, dropping the market to 18 714 t in 2021 and a further low of 17 237 t in 2022. A recovery began in 2023, with the market expanding to 22 860 t.

By 2024, market consumption rebounded to approximately 28 000 t. This growth was supported by the launch of new cinnamon-containing products from major food companies, such as Blaze Pizza's cinnamon-frosted bread and Egglife Foods' cinnamon egg white wraps, which expanded product availability and stimulated demand. Additionally, the establishment of a dedicated Cinnamon Development Department in Sri Lanka aimed at boosting global cultivation and exports helped secure supply chains for the Americas region, while sustained consumer interest in natural and health-beneficial ingredients continued to underpin market expansion.

Production cinnamon in Americas

In kind, 2017-2020, t

Top producers of cinnamon, 2017-2020

World map of production of cinnamon, 2017-2020

After two consecutive years of decline, cinnamon production in the Americas rebounded in 2020. That year, production reached 113.0 t, representing a modest 1.0% increase compared to 2019. Looking at the broader period from 2017 to 2020, overall production decreased by 2.8%, with a compound annual growth rate of 1.0%. The lowest production level was recorded in 2019 at 112.0 t, while the most significant annual decline occurred in 2018, when production fell by 2.6%.

Annual dynamics of production in Americas in kind, 2017-2020, t

Exports cinnamon from Americas

Exports in kind, t

The data shows irregular fluctuations, pointing to a volatile market environment. Exports varied significantly, with a fourfold difference between the peak in 2017 and the trough in 2019. In 2020, cinnamon shipments from the Americas to international markets amounted to 514 t, marking a substantial year-on-year increase of 130.0%. The lowest export volume was recorded in 2019 at 223 t, which also saw the largest decline of 63.0%.

Annual dynamics of product's exports from Americas in kind, 2017-2020, t

Between 2017 and 2020, the structure of cinnamon exports in volume terms was highly diversified. The top three partners—Sri Lanka (3.7% of exports), Spain (1.8%), and the Netherlands (1.0%)—collectively accounted for just 6.5% of total flows. The remaining 93.5% was distributed among numerous smaller markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Americas in kind, 2017-2020

Exports in value, M $ US

Following a two-year downturn, the value of cinnamon exports from the Americas increased in 2020. That year, exports totaled 3.1 million US dollars, reflecting a sharp rise of 36.3% compared to 2019. Over the 2017–2020 period, export value decreased by 23.2%, with a compound annual growth rate of 8.4%. The lowest value was recorded in 2019 at 2.3 million US dollars, which also experienced the most significant decline of 39.0%.

Annual dynamics of product's exports from Americas in value, 2017-2020, M $ US

From 2017 to 2020, the largest shares of cinnamon exports by value were held by Sri Lanka (8.4% of exports), Spain (4.7%), and France (1.5%). Together, these three partners accounted for 14.6% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Americas in value, 2017-2020

Imports cinnamon to Americas

Imports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Import volumes showed a 2.1-fold variation between the high in 2018 and the low in 2017. In 2020, foreign cinnamon supplies to the Americas totaled 29 175 t, representing a moderate increase of 3.1% compared to the previous year. The highest import volume was recorded in 2018 at 34 127 t, while the largest decline occurred in 2019 with a 17.1% drop. The most significant increase was seen in 2018, when imports surged by 105.3%.

Annual dynamics of product's imports to Americas in kind, 2017-2020, t

Between 2017 and 2020, Sri Lanka (62.4% of imports), Indonesia (15.4%), and Vietnam (10.3%) consistently remained the primary sources for cinnamon imports by volume. Together, these three countries accounted for 88.1% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Americas in kind, 2017-2020

Imports in value, M $ US

In 2020, the value of foreign cinnamon supplies to the Americas amounted to 186.7 million US dollars, marking a solid increase of 12.9% compared to the previous year. Over the 2017–2020 period, import value grew by 5.8%, with a compound annual growth rate of 1.9%. The lowest value was recorded in 2019 at 165.5 million US dollars, while the peak occurred in 2018 at 197.4 million US dollars. The largest decline took place in 2019, with a 16.2% decrease.

Annual dynamics of product's imports to Americas in value, 2017-2020, M $ US

From 2017 to 2020, the structure of cinnamon imports by value was dominated by Sri Lanka, which accounted for 75.0% of total flows. The remainder was distributed among a large number of minor trading partners.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Americas in value, 2017-2020