Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Hungary - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Hungary (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Hungary (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Hungary
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Hungary
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Hungary (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3,659 per ton, reducing by -19% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 25% against the previous year. The import price peaked at $4,516 per ton in 2021, and then declined remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($6,892 per ton), while the price for Latvia ($2,047 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.8%), 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 Hungary (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $5,825 per ton, which is down by -27% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 49%. Over the period under review, the average export prices reached the maximum at $7,984 per ton in 2021, and then declined markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($16,196 per ton), while the average price for exports to Finland ($3,412 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 Slovakia (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Hungary
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground imported into Hungary soared to 293 tons, picking up by 52% compared with 2021. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $1.1M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 156 | 169 | 178 | 291 | 23.1% |
| Austria | 233 | 248 | 229 | 285 | 6.9% |
| Netherlands | 54.0 | 122 | 90.9 | 101 | 23.2% |
| Poland | 16.5 | 39.3 | 74.7 | 97.4 | 80.7% |
| Indonesia | N/A | N/A | 12.0 | 65.1 | 442.5% |
| Latvia | 3.1 | 9.3 | 9.8 | 64.9 | 175.6% |
| Romania | 23.5 | 0.2 | 14.2 | 26.7 | 4.3% |
| Slovenia | N/A | 65.4 | N/A | 2.4 | -80.8% |
| Others | 144 | 144 | 260 | 140 | -0.9% |
| Total | 631 | 798 | 869 | 1,073 | 19.4% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Hungary in 2022:
- Vietnam (131.0 tons)
- Austria (41.4 tons)
- Poland (31.9 tons)
- Latvia (31.7 tons)
- Netherlands (15.4 tons)
- Indonesia (14.5 tons)
- Romania (11.3 tons)
- Slovenia (0.6 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Hungary
In 2022, after three years of growth, there was decline in overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground, when their volume decreased by -0.2% to 33 tons. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 409%.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground declined significantly to $195K in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 604%.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 15.4 | 5.2 | 42.5 | 66.1% |
| Romania | 10.9 | 13.7 | 27.7 | 32.3 | 43.6% |
| Croatia | 1.3 | 21.3 | 41.6 | 27.7 | 177.2% |
| Bosnia and Herzegovina | N/A | 10.8 | 23.1 | 19.1 | 33.0% |
| Slovakia | 0.6 | 12.0 | 29.1 | 17.9 | 210.1% |
| Czech Republic | N/A | 15.3 | 45.0 | 13.0 | -7.8% |
| Finland | N/A | N/A | N/A | 6.9 | 0% |
| France | N/A | N/A | 37.9 | 1.1 | -97.1% |
| Greece | N/A | 4.4 | 3.6 | 0.1 | -84.9% |
| Others | 4.1 | 26.8 | 54.5 | 34.4 | 103.2% |
| Total | 17.0 | 120 | 268 | 195 | 125.5% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Hungary in 2022:
- Germany (12.2 tons)
- Romania (7.2 tons)
- Croatia (4.1 tons)
- Finland (2.0 tons)
- Slovakia (1.6 tons)
- Bosnia and Herzegovina (1.2 tons)
- Czech Republic (1.1 tons)
- France (0.2 tons)
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This report provides an in-depth analysis of the cinnamon market in Hungary.
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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 Hungary.
9545
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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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.
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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...
2693
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.
