Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Belarus - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Belarus (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Belarus (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Belarus
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Belarus
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Belarus (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $2,735 per ton in 2022, standing approx. at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the maximum at $4,222 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 Poland ($7,068 per ton), while the price for Vietnam ($1,801 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Belarus (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $1,685 per ton, shrinking by -2.2% against the previous year. In general, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 66% against the previous year. Over the period under review, the average export prices reached the peak figure at $12,500 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -0.3% per year.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Belarus
After three years of growth, purchases abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -37.3% to 79 tons in 2022. Over the period under review, imports recorded a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 14%. As a result, imports reached the peak of 126 tons, and then plummeted in the following year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank notably to $216K in 2022. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, imports attained the peak of $342K, and then plummeted in the following year.
Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Belarus (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 168 | 213 | 251 | 159 | -1.8% |
Vietnam | 44.3 | 21.7 | 37.5 | 23.7 | -18.8% |
Indonesia | 31.6 | 27.3 | 19.2 | 16.2 | -20.0% |
Poland | 16.9 | 32.7 | 23.7 | 15.2 | -3.5% |
Others | 2.9 | 4.8 | 9.8 | 2.1 | -10.2% |
Total | 263 | 300 | 342 | 216 | -6.4% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Belarus in 2022:
- Russia (60.0 tons)
- Vietnam (13.1 tons)
- Indonesia (3.3 tons)
- Poland (2.1 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Belarus
Exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Belarus soared to 5.2 tons in 2022, rising by 90% against the year before. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 846%. As a result, the exports attained the peak of 6 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $8.7K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 800% against the previous year. As a result, the exports attained the peak of $9K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Belarus (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 1.0 | 8.7 | 4.2 | 8.7 | 105.7% |
Others | N/A | 0.3 | 0.5 | N/A | 66.7% |
Total | 1.0 | 9.0 | 4.7 | 8.7 | 105.7% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Belarus in 2022:
- Russia (5.2 tons)
This report provides an in-depth analysis of the cinnamon market in Belarus.
This report provides an in-depth analysis of the global cinnamon market.
This report provides an in-depth analysis of the cinnamon market in Belarus.
This report provides an in-depth analysis of the global cinnamon market.
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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
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.