Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bangladesh - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bangladesh (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bangladesh (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bangladesh
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bangladesh
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bangladesh (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $6,319 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 99% against the previous year. The import price peaked at $6,351 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($8,674 per ton), while the price for China ($2,478 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bangladesh (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $4,970 per ton in 2022, reducing by -18.3% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of 67%. Over the period under review, the average export prices attained the maximum at $6,087 per ton in 2021, and then fell notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($9,136 per ton), while the average price for exports to Singapore ($760 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 Brunei Darussalam (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bangladesh
In 2022, the amount of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground imported into Bangladesh reduced remarkably to 513 tons, dropping by -35.4% on 2021 figures. Over the period under review, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 243%.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground fell markedly to $3.2M in 2022. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 241%.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 4,596 | 1,044 | 2,315 | 1,579 | -30.0% |
| Indonesia | 76.0 | 65.2 | 97.6 | 43.5 | -17.0% |
| China | 704 | 358 | 187 | 36.6 | -62.7% |
| Others | 13.2 | 4.4 | 2,416 | 1,584 | 393.2% |
| Total | 5,389 | 1,472 | 5,015 | 3,243 | -15.6% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Bangladesh in 2022:
- Vietnam (222.9 tons)
- China (14.8 tons)
- Indonesia (5.0 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bangladesh
Exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Bangladesh soared to 11 tons in 2022, growing by 27% compared with the year before. The total export volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 30%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground reached $55K in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 68% against the previous year. As a result, the exports reached the peak of $57K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 13.4 | 23.7 | 26.9 | 20.5 | 15.2% |
| United Kingdom | 2.9 | 22.8 | 13.8 | 13.3 | 66.1% |
| Canada | 2.2 | 2.9 | 2.9 | 3.5 | 16.7% |
| Australia | 1.9 | 1.9 | 1.4 | 2.4 | 8.1% |
| Italy | 1.3 | 1.3 | 0.9 | 1.6 | 7.2% |
| South Africa | N/A | N/A | N/A | 1.6 | 0% |
| South Korea | 0.4 | 0.9 | 0.9 | 1.6 | 58.7% |
| Singapore | 7.5 | 2.5 | 0.6 | 1.1 | -47.3% |
| Others | 4.6 | 1.2 | 5.5 | 9.5 | 27.3% |
| Total | 34.1 | 57.2 | 53.0 | 55.1 | 17.3% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Bangladesh in 2022:
- United States (2.5 tons)
- United Kingdom (1.5 tons)
- Singapore (1.4 tons)
- South Africa (0.6 tons)
- Canada (0.5 tons)
- Australia (0.4 tons)
- Italy (0.3 tons)
- South Korea (0.2 tons)
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This report provides an in-depth analysis of the cinnamon market in Bangladesh.
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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 Bangladesh.
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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...
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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
9956
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
4094
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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Cinnamon production reached X thousand tons in 2016, with a positive dynamic being recorded over the last few years, except for a slight decline in 2010.
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Cinnamon is one of the most common spices today. It can be used in cooking, when added to salads, soups, or beverages (cinnamon flavored tea is very popular nowadays), or pharmaceutical industry. Besides, it is one of the most repeatedly used additives
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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
1142
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2719
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
9956
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
