Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Iran - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Iran (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Iran (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Iran
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Iran
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Iran (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $2,492 per ton in 2022, declining by -29% against the previous year. Overall, the import price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when the average import price increased by 59%. Over the period under review, average import prices hit record highs at $3,829 per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 India ($5,777 per ton), while the price for Indonesia ($1,941 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+60.1%), 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 Iran (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $2,402 per ton, with an increase of 26% against the previous year. Overall, the export price, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 54% against the previous year. As a result, the export price reached the peak level of $3,150 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($5,869 per ton), while the average price for exports to Kyrgyzstan ($190 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 the UK (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Iran
In 2022, overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -52.4% to 55 tons, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,644%. As a result, imports reached the peak of 177 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground dropped markedly to $138K in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 1,903% against the previous year. As a result, imports attained the peak of $678K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Iran (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 16.4 | 326 | 259 | 87.8 | 74.9% |
United Arab Emirates | 14.9 | 207 | 96.8 | 26.8 | 21.6% |
India | 2.1 | 91.5 | 6.6 | 8.5 | 59.4% |
Others | 0.4 | 54.1 | 46.0 | 14.6 | 231.7% |
Total | 33.8 | 678 | 408 | 138 | 59.8% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Iran in 2022:
- Indonesia (45.2 tons)
- United Arab Emirates (7.8 tons)
- India (1.5 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Iran
For the third consecutive year, Iran recorded decline in overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground, which decreased by -8% to 8.8 tons in 2022. Overall, exports faced a precipitous decline.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground surged to $21K in 2022. Over the period under review, exports faced a dramatic decline.
Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Iran (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bahrain | 3.4 | 4.7 | 8.6 | 8.9 | 37.8% |
Netherlands | 17.5 | 11.1 | 3.2 | 4.3 | -37.4% |
Azerbaijan | 6.6 | 3.4 | 0.6 | 2.0 | -32.8% |
United Kingdom | 1.4 | 1.3 | 1.0 | 1.0 | -10.6% |
Turkey | 22.2 | 15.5 | 2.1 | 0.6 | -70.0% |
Germany | 0.2 | 1.0 | 0.3 | 0.5 | 35.7% |
Georgia | 5.1 | 0.9 | 0.4 | 0.4 | -57.2% |
Armenia | 2.8 | 1.6 | 0.5 | 0.3 | -52.5% |
Iraq | 2.3 | 0.9 | 0.3 | 0.3 | -49.3% |
Kazakhstan | N/A | N/A | 0.3 | 0.3 | 0.0% |
Afghanistan | 3.5 | 1.1 | 0.2 | 0.2 | -61.5% |
Kyrgyzstan | N/A | N/A | N/A | 0.2 | 0% |
Others | 8.4 | 4.4 | 0.9 | 2.3 | -35.1% |
Total | 73.3 | 45.8 | 18.3 | 21.2 | -33.9% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Iran in 2022:
- Bahrain (2356.0 kg)
- Netherlands (1594.0 kg)
- Kyrgyzstan (1197.0 kg)
- Azerbaijan (1144.0 kg)
- Turkey (721.0 kg)
- Iraq (316.0 kg)
- Germany (285.0 kg)
- Georgia (271.0 kg)
- Kazakhstan (177.0 kg)
- United Kingdom (168.0 kg)
- Armenia (149.0 kg)
- Afghanistan (85.0 kg)
This report provides an in-depth analysis of the cinnamon market in Iran.
This report provides an in-depth analysis of the global cinnamon market.
This report provides an in-depth analysis of the cinnamon market in Iran.
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.