Cinnamon is a spice obtained from the inner bark of several tree species from the genus Cinnamomum. Cinnamon is used mainly as an aromatic condiment and flavoring additive in a wide variety of cuisines, sweet and savory dishes, breakfast cereals, snack foods, tea, and traditional foods. The aroma and flavor of cinnamon derive from its essential oil and principal component, cinnamaldehyde, as well as numerous other constituents, including eugenol.
The global cinnamon trade is expected to grow by $ 214.73 million, progressing at a CAGR of over 21% during the forecast period. Factors such as health benefits associated with cinnamon intake and increasing usage in pharmaceuticals will boost the market growth. However, the availability of substitutes is anticipated to create opportunities in the industry. The global cinnamon trade market size has the potential to grow by $ 214.73 million during 2020-2024. This report provides a detailed analysis of the market by product (powder form and stick form) and geography (APAC, Europe, MEA, North America, and South America).
In 2020-2021, total cinnamon exports from India increased by 30.08% in comparison to last year's figures. It was estimated to be Rs. 767 lakhs in 2019-2020 and it rose to Rs. 991 lakhs in 2020-2021. In this period, total cinnamon exports stood at 1618 tonnes in 2019-2020 and they increased to 2096 tonnes in 2020-2021. The average price of cinnamon exports was recorded as Rs. 476 per kg in 2019-2020 and it decreased to Rs. 473 per kg in 2020-2021 by 0.62%.
The largest exporters of cinnamon are India, China, and Indonesia. Other countries like Vietnam, Sri Lanka, and Madagascar also export large quantities of cinnamon each year
The largest cinnamon importing countries around the world are:
The cinnamon trade is one of the oldest and most global of all trading networks. Cinnamon was imported to Egypt as early as 2,000 BC, but those who required it were the rich and powerful. It was so highly prized among ancient nations that it was regarded as a gift fit for monarchs and even for a god: a fine inscription records the gift of cinnamon and cassia to the temple of Apollo at Miletus The Chinese were the first to make cinnamon popular in Europe by trading the spice along with many other goods along the Silk Road. The Arabs, who controlled the trade route, kept a tight grip on cinnamon’s sources and guarded its cultivation locations closely—even going so far as to pretend they gathered the spice from magically cinnamon “trees” that grew in mysterious lands far away. (In reality, they harvested cinnamon from bushes.) .
Tradologie is a digital trade hub where buyers and sellers transact in a safe, convenient, and transparent environment. The platform aims to simplify the cinnamon trade by eliminating the middleman. With Tradologie, buyers can order cinnamon directly from sellers. Tradologie connects sellers with buyers from all over the world, making it possible for buyers to access bulk orders of high quality cinnamon at affordable prices. This way, traders and dealers can get cinnamon at significantly lower prices than when buying through a middleman. The platform also makes it possible for anyone to buy cinnamon online without having to worry about the quality of the product or the authenticity of sellers.
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