Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Italy - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Italy (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Italy (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Italy
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Italy
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Italy (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $6,568 per ton in 2022, which is down by -5% against the previous year. Overall, the import price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2018 an increase of 53% against the previous year. Over the period under review, average import prices attained the peak figure at $6,911 per ton in 2021, and then dropped 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 Germany ($11,647 per ton), while the price for Vietnam ($3,193 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.6%), 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 Italy (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $7,466 per ton, with an increase of 20% against the previous year. Overall, the export price, however, recorded a slight reduction. The pace of growth appeared the most rapid in 2017 an increase of 27%. Over the period under review, the average export prices hit record highs at $8,382 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($24,060 per ton), while the average price for exports to Albania ($4,352 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 Croatia (+9.7%), 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 Italy
In 2022, after three years of growth, there was decline in purchases abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground, when their volume decreased by -0.3% to 284 tons. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.4% 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 +57.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground reduced to $1.9M in 2022. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 48%.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 171 | 341 | 441 | 643 | 55.5% |
| Germany | 174 | 226 | 329 | 264 | 14.9% |
| Vietnam | 27.2 | 89.0 | 33.2 | 248 | 108.9% |
| Indonesia | 24.3 | 58.4 | 482 | 199 | 101.6% |
| Netherlands | 100 | 125 | 149 | 114 | 4.5% |
| India | 1.6 | N/A | 4.7 | 111 | 310.9% |
| Spain | 201 | 317 | 186 | 75.7 | -27.8% |
| Others | 215 | 196 | 345 | 213 | -0.3% |
| Total | 914 | 1,352 | 1,971 | 1,868 | 26.9% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Italy in 2022:
- France (89.9 tons)
- Vietnam (77.7 tons)
- Indonesia (27.5 tons)
- Germany (22.7 tons)
- Netherlands (20.3 tons)
- India (14.3 tons)
- Spain (13.5 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Italy
Exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Italy rose slightly to 97 tons in 2022, picking up by 2.1% compared with 2021 figures. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $722K in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 49%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.3 | 16.9 | 92.2 | 318 | 181.2% |
| Greece | 156 | 166 | 200 | 133 | -5.2% |
| South Korea | 6.2 | 53.7 | 51.0 | 55.2 | 107.3% |
| Israel | 11.6 | 17.2 | 17.4 | 51.8 | 64.7% |
| Bulgaria | 20.7 | 39.2 | 33.3 | 37.6 | 22.0% |
| Chile | N/A | N/A | 27.0 | 20.3 | -24.8% |
| Austria | 11.0 | 11.7 | 14.0 | 14.7 | 10.1% |
| Croatia | 7.2 | 10.7 | 16.8 | 14.4 | 26.0% |
| Malta | 2.8 | 14.9 | 21.1 | 13.0 | 66.8% |
| Latvia | 2.5 | 7.4 | 7.6 | 12.2 | 69.6% |
| Slovenia | 6.8 | 4.1 | 3.7 | 11.1 | 17.7% |
| Albania | 12.4 | 34.8 | 39.6 | 4.9 | -26.6% |
| Serbia | N/A | N/A | 31.7 | N/A | 0% |
| Others | 30.9 | 44.5 | 35.8 | 36.5 | 5.7% |
| Total | 282 | 421 | 592 | 722 | 36.8% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Italy in 2022:
- Germany (38.5 tons)
- Greece (25.6 tons)
- Bulgaria (7.6 tons)
- Chile (4.5 tons)
- Croatia (2.6 tons)
- Malta (2.5 tons)
- Israel (2.3 tons)
- South Korea (2.3 tons)
- Latvia (1.9 tons)
- Slovenia (1.6 tons)
- Austria (1.6 tons)
- Albania (1.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Italy.
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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 Italy.
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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...
2694
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.
