Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in New Zealand - 2024
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in New Zealand (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in New Zealand (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in New Zealand
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in New Zealand
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in New Zealand (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $5,065 per ton in 2022, falling by -3.7% against the previous year. Over the period under review, the import price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 94%. As a result, import price attained the peak level of $5,698 per ton. From 2016 to 2022, the average 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 Australia ($15,787 per ton), while the price for Vietnam ($4,064 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+17.0%), 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 New Zealand (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $6,956 per ton in 2022, falling by -4.9% against the previous year. Over the period under review, the export price, however, saw tangible growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 56%. As a result, the export price attained the peak level of $18,512 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
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 Cook Islands ($7,256 per ton), while the average price for exports to Tuvalu ($3,576 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 Samoa (+2.6%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in New Zealand
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground imported into New Zealand rose notably to 162 tons, increasing by 12% against 2021. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 19%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $821K in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 221 | 211 | 257 | 397 | 21.6% |
| India | 195 | 263 | 270 | 193 | -0.3% |
| Australia | 128 | 126 | 120 | 105 | -6.4% |
| Sri Lanka | 30.3 | 28.2 | 46.5 | 49.1 | 17.5% |
| United States | 6.3 | 5.4 | 1.2 | 28.8 | 66.0% |
| Indonesia | 7.5 | 37.9 | 33.4 | 18.5 | 35.1% |
| Malaysia | 13.9 | 24.1 | 31.3 | 15.5 | 3.7% |
| Others | 6.6 | 4.3 | 4.9 | 15.2 | 32.1% |
| Total | 609 | 699 | 763 | 821 | 10.5% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to New Zealand in 2022:
- Vietnam (97.6 tons)
- India (42.8 tons)
- Australia (6.6 tons)
- Sri Lanka (4.7 tons)
- Indonesia (3.5 tons)
- United States (2.6 tons)
- Malaysia (2.0 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in New Zealand
In 2022, overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -1.2% to 3.9 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 165%.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground dropped to $27K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 58% against the previous year.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 10.1 | 19.7 | 20.7 | 22.1 | 29.8% |
| Cook Islands | 1.1 | 1.0 | 1.8 | 1.1 | 0.0% |
| Hong Kong SAR | 0.4 | 0.6 | 0.5 | 0.6 | 14.5% |
| Samoa | 0.3 | 0.6 | 0.9 | 0.4 | 10.1% |
| Tuvalu | N/A | N/A | N/A | 0.2 | 0% |
| Others | 3.4 | 2.3 | 4.7 | 2.3 | -12.2% |
| Total | 15.3 | 24.2 | 28.6 | 26.8 | 20.5% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from New Zealand in 2022:
- Australia (3222.0 kg)
- Cook Islands (156.0 kg)
- Hong Kong SAR (99.0 kg)
- Samoa (68.0 kg)
- Tuvalu (66.0 kg)
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This report provides an in-depth analysis of the cinnamon market in New Zealand.
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This report provides an in-depth analysis of the global cinnamon market.
467
This report provides an in-depth analysis of the cinnamon market in New Zealand.
9485
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
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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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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...
2682
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
9783
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
