Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bahrain - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bahrain (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bahrain (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bahrain
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bahrain
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bahrain (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3,958 per ton, picking up by 35% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground increased by +45.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($9,176 per ton), while the price for India ($1,931 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bahrain (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $6,795 per ton in 2022, remaining constant against the previous year. In general, the export price saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 61%. Over the period under review, the average export prices attained the peak figure at $7,871 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($8,176 per ton) and Saudi Arabia ($6,285 per ton), while the average price for exports to the UK ($5,672 per ton) and Oman ($6,283 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+17.2%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bahrain
In 2022, overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -3.3% to 29 tons, falling for the second year in a row after two years of growth. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 2.8%. As a result, imports reached the peak of 30 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground surged to $114K in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.1 | 0.2 | 0.2 | 40.6 | 640.5% |
| China | 36.9 | 49.7 | 33.8 | 40.0 | 2.7% |
| India | 4.0 | 5.8 | 9.4 | 12.9 | 47.7% |
| United Arab Emirates | 6.7 | 5.5 | 4.4 | 5.4 | -6.9% |
| Sri Lanka | 3.8 | 4.0 | 4.9 | 4.4 | 5.0% |
| Vietnam | 2.6 | 3.9 | 8.4 | 3.4 | 9.4% |
| Indonesia | 35.4 | 3.7 | 4.5 | N/A | -64.3% |
| Others | 6.8 | 9.0 | 21.8 | 7.4 | 2.9% |
| Total | 96.2 | 81.7 | 87.4 | 114 | 5.8% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Bahrain in 2022:
- China (15.1 tons)
- India (6.7 tons)
- Netherlands (4.4 tons)
- United Arab Emirates (0.7 tons)
- Sri Lanka (0.6 tons)
- Vietnam (0.4 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bahrain
In 2022, approx. 12 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were exported from Bahrain; rising by 29% against 2021 figures. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 84%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $80K in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 79%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 0.1 | 7.7 | 24.1 | 37.2 | 619.2% |
| United Arab Emirates | 21.2 | 28.3 | 28.4 | 26.5 | 7.7% |
| Oman | 0.6 | 4.6 | 5.0 | 14.8 | 191.1% |
| United Kingdom | N/A | 0.6 | N/A | 1.0 | 29.1% |
| Qatar | 3.1 | 3.5 | 3.8 | N/A | 10.7% |
| Others | 0.7 | 1.3 | 1.7 | 0.6 | -5.0% |
| Total | 25.7 | 46.0 | 62.9 | 80.1 | 46.1% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Bahrain in 2022:
- Saudi Arabia (5.9 tons)
- United Arab Emirates (3.2 tons)
- Oman (2.4 tons)
- United Kingdom (0.2 tons)
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This report provides an in-depth analysis of the cinnamon market in Bahrain.
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This report provides an in-depth analysis of the global cinnamon market.
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This report provides an in-depth analysis of the cinnamon market in Bahrain.
9485
This report provides an in-depth analysis of the global cinnamon market.
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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
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2682
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
9782
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
