Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in France - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in France (FOB) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in France (CIF) - 2022
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in France
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in France
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in France (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $8,019 per ton, falling by -6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $8,833 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($14,677 per ton), while the average price for exports to the UK ($5,122 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 Switzerland (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in France (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $5,884 per ton in 2022, waning by -16.6% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average import price increased by 46%. Over the period under review, average import prices attained the peak figure at $7,055 per ton in 2021, and then declined notably in the following year.
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 Belgium ($7,244 per ton), while the price for Madagascar ($4,387 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in France
In 2022, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from France rose significantly to 571 tons, growing by 8.8% compared with 2021 figures. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 9% against the previous year. As a result, the exports reached the peak of 612 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 stood at $4.6M in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 28%. As a result, the exports attained the peak of $5.4M. 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 France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 944 | 1,419 | 1,048 | 1,833 | 24.8% |
| United Kingdom | 1,069 | 1,379 | 891 | 615 | -16.8% |
| Portugal | 977 | 1,324 | 1,121 | 600 | -15.0% |
| Italy | 220 | 353 | 245 | 567 | 37.1% |
| Switzerland | 168 | 210 | 150 | 224 | 10.1% |
| Germany | 373 | 206 | 376 | 190 | -20.1% |
| Belgium | 143 | 181 | 202 | 174 | 6.8% |
| Others | 339 | 331 | 443 | 372 | 3.1% |
| Total | 4,232 | 5,403 | 4,475 | 4,576 | 2.6% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from France in 2022:
- Poland (227.9 tons)
- United Kingdom (120.1 tons)
- Italy (86.2 tons)
- Portugal (48.5 tons)
- Germany (22.2 tons)
- Belgium (19.5 tons)
- Switzerland (15.4 tons)
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in France
In 2022, approx. 430 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were imported into France; waning by -6.1% on the previous year's figure. Overall, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 13%.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank sharply to $2.5M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $3.2M, and then reduced sharply in the following year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 228 | 448 | 543 | 529 | 32.4% |
| Vietnam | 251 | 152 | 337 | 352 | 11.9% |
| Belgium | 24.2 | 64.4 | 301 | 331 | 139.2% |
| Germany | 572 | 800 | 879 | 312 | -18.3% |
| Spain | 179 | 206 | 275 | 245 | 11.0% |
| Indonesia | 291 | 151 | 177 | 218 | -9.2% |
| Madagascar | 582 | 271 | 386 | 165 | -34.3% |
| Sri Lanka | 120 | 159 | 131 | 93.0 | -8.1% |
| India | 158 | 123 | 107 | 5.7 | -67.0% |
| Others | 72.5 | 87.1 | 92.8 | 278 | 56.5% |
| Total | 2,477 | 2,460 | 3,229 | 2,528 | 0.7% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to France in 2022:
- Netherlands (86.9 tons)
- Germany (59.0 tons)
- Spain (53.2 tons)
- Vietnam (50.5 tons)
- Belgium (45.6 tons)
- Indonesia (43.1 tons)
- Madagascar (37.6 tons)
- Sri Lanka (11.7 tons)
- India (0.9 tons)
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This report provides an in-depth analysis of the cinnamon market in France.
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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 France.
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This report provides an in-depth analysis of the global cinnamon market.
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In January 2023, the price of cinnamon increased by 15% from the previous month to $7,472 per ton (CIF, France).
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
