Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Croatia - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Croatia (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Croatia (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Croatia
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Croatia
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Croatia (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $6,335 per ton in 2022, shrinking by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2013 an increase of 37% against the previous year. Over the period under review, average import prices attained the peak figure at $6,964 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 Indonesia ($9,366 per ton), while the price for Poland ($2,277 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+17.7%), 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 Croatia (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $11,243 per ton in 2022, remaining constant against the previous year. In general, the export price, however, showed a mild downturn. The pace of growth was the most pronounced in 2016 an increase of 32%. As a result, the export price reached the peak level of $14,464 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($15,532 per ton), while the average price for exports to Serbia ($9,156 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 India (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Croatia
For the third year in a row, Croatia recorded decline in supplies from abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground, which decreased by -1.1% to 75 tons in 2022. In general, imports showed a deep contraction. The smallest decline of -0.8% was in 2021.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground declined slightly to $474K in 2022. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 5% against the previous year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 133 | 167 | 170 | 153 | 4.8% |
| Netherlands | 47.2 | 148 | 117 | 150 | 47.0% |
| Germany | 188 | 42.9 | 93.5 | 56.4 | -33.1% |
| Hungary | 7.3 | 12.2 | 29.4 | 39.8 | 76.0% |
| Italy | 11.0 | 16.4 | 25.3 | 19.9 | 21.8% |
| Poland | 19.3 | 13.6 | 16.9 | 19.5 | 0.3% |
| Sri Lanka | 42.6 | 32.4 | 16.8 | 11.4 | -35.6% |
| Spain | N/A | 1.5 | 6.9 | 5.3 | 88.0% |
| Indonesia | 56.0 | 0.7 | 1.3 | 4.0 | -58.5% |
| Latvia | 16.4 | 1.0 | N/A | N/A | -93.9% |
| Others | 33.9 | 32.8 | 14.8 | 15.7 | -22.6% |
| Total | 555 | 468 | 492 | 474 | -5.1% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Croatia in 2022:
- Netherlands (27.6 tons)
- Austria (18.9 tons)
- Poland (8.5 tons)
- Germany (6.3 tons)
- Hungary (4.7 tons)
- Italy (3.0 tons)
- Spain (2.1 tons)
- Sri Lanka (1.4 tons)
- Indonesia (0.4 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Croatia
For the third year in a row, Croatia recorded decline in overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground, which decreased by less than 0.1% to 23 tons in 2022. Over the period under review, exports showed a pronounced decline.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground totaled $262K in 2022. The total export value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 4.8%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 104 | 134 | 119 | 121 | 5.2% |
| Bosnia and Herzegovina | 52.1 | 60.8 | 60.2 | 48.6 | -2.3% |
| Kosovo | N/A | 18.6 | 28.9 | 21.1 | 6.5% |
| North Macedonia | 13.0 | 14.1 | 14.5 | 16.8 | 8.9% |
| Serbia | 20.8 | 9.1 | 11.4 | 14.4 | -11.5% |
| Montenegro | 13.8 | 16.2 | 16.2 | 11.6 | -5.6% |
| Bulgaria | N/A | N/A | 2.3 | 6.6 | 187.0% |
| Germany | 37.6 | 0.2 | 0.1 | 1.3 | -67.4% |
| Others | 5.5 | 6.1 | 5.8 | 21.0 | 56.3% |
| Total | 247 | 259 | 259 | 262 | 2.0% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Croatia in 2022:
- Slovenia (12.9 tons)
- Bosnia and Herzegovina (3.1 tons)
- Kosovo (1.9 tons)
- Serbia (1.6 tons)
- North Macedonia (1.4 tons)
- Montenegro (0.8 tons)
- Bulgaria (0.6 tons)
- Germany (0.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Croatia.
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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 Croatia.
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This report provides an in-depth analysis of the global cinnamon market.
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
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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
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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
