Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Singapore - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Singapore (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Singapore (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Singapore
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Singapore
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Singapore (CIF) - 2022
In September 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $4,817 per ton, with a decrease of -4.8% against the previous month. In general, the import price, however, continues to indicate notable growth. The most prominent rate of growth was recorded in July 2022 an increase of 194% against the previous month. The import price peaked at $9,236 per ton in March 2022; however, from April 2022 to September 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Indonesia ($9,363 per ton), while the price for Madagascar ($3,069 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Singapore (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $3,459 per ton in 2022, flattening at the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground increased by +75.9% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 31%. The export price peaked at $3,480 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($6,690 per ton), while the average price for exports to Turkey ($1,295 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Singapore
In 2022, approx. 270 tons of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were imported into Singapore; which is down by -37.6% compared with the year before. Overall, imports saw a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 2.9%.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank dramatically to $1.2M in 2022. In general, imports recorded a deep reduction. The smallest decline of -8.6% was in 2021.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 911 | 788 | 597 | 543 | -15.8% |
| Indonesia | 676 | 608 | 273 | 266 | -26.7% |
| Madagascar | 62.2 | 75.8 | 390 | 188 | 44.6% |
| China | 103 | 96.2 | 130 | 36.8 | -29.0% |
| India | 84.4 | 38.3 | 63.3 | 27.6 | -31.1% |
| Myanmar | N/A | N/A | N/A | 12.9 | 0% |
| Others | 75.1 | 38.6 | 52.2 | 85.5 | 4.4% |
| Total | 1,911 | 1,645 | 1,504 | 1,160 | -15.3% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Singapore in 2022:
- Vietnam (100.9 tons)
- Madagascar (84.1 tons)
- Indonesia (47.2 tons)
- Myanmar (11.0 tons)
- India (10.2 tons)
- China (7.1 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Singapore
After three years of growth, shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -45.9% to 176 tons in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 326 tons, and then shrank rapidly in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground reduced remarkably to $609K in 2022. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of $1.1M, and then declined dramatically in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 86.7 | 106 | 443 | 213 | 34.9% |
| South Africa | 90.9 | 142 | 198 | 117 | 8.8% |
| Fiji | 31.6 | 59.8 | 80.1 | 103 | 48.3% |
| Brunei Darussalam | 68.6 | 102 | 120 | 91.6 | 10.1% |
| Turkey | 76.4 | 57.6 | 25.6 | 40.4 | -19.1% |
| Philippines | 62.1 | 110 | 62.3 | 1.0 | -74.7% |
| Dominican Republic | N/A | 158 | 80.2 | N/A | -49.2% |
| Guatemala | 95.0 | N/A | N/A | N/A | 0% |
| Others | 209 | 152 | 124 | 43.2 | -40.9% |
| Total | 721 | 888 | 1,133 | 609 | -5.5% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Singapore in 2022:
- Vietnam (84.1 tons)
- Turkey (31.2 tons)
- South Africa (23.4 tons)
- Fiji (15.4 tons)
- Brunei Darussalam (14.0 tons)
- Philippines (0.3 tons)
968
This report provides an in-depth analysis of the cinnamon market in Singapore.
9345
This report provides an in-depth analysis of the global cinnamon market.
968
This report provides an in-depth analysis of the cinnamon market in Singapore.
9345
This report provides an in-depth analysis of the global cinnamon market.
1090
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2636
From 2007 to 2016, the global cinnamon market value fluctuated perceptibly. According to IndexBox estimates, a significant increase in 2008 (X% Y-o-Y) was followed by a slight drop in 2009 (X% Y-o-Y). Over the next two years, the market gradually in
9576
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3878
In 2015, the countries with the highest levels of cinnamon production in 2015 were Indonesia (X thousand tons), China (X thousand tons), Vietnam (X thousand tons), together accounting for X% of total output.
4428
Cinnamon production reached X thousand tons in 2016, with a positive dynamic being recorded over the last few years, except for a slight decline in 2010.
2878
Cinnamon is one of the most common spices today. It can be used in cooking, when added to salads, soups, or beverages (cinnamon flavored tea is very popular nowadays), or pharmaceutical industry. Besides, it is one of the most repeatedly used additives
2257
Sri Lanka dominates in the global cinnamon trade. In 2014, Sri Lanka exported X thousand tons of сinnamon totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total сinnamon expor
1090
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2636
From 2007 to 2016, the global cinnamon market value fluctuated perceptibly. According to IndexBox estimates, a significant increase in 2008 (X% Y-o-Y) was followed by a slight drop in 2009 (X% Y-o-Y). Over the next two years, the market gradually in
9576
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
