Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in China - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in China (FOB) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in China (CIF) - 2023
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in China
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in China
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in China (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $2,647 per ton, growing by 17% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground increased by +10.1% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 24%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bangladesh ($2,905 per ton) and the United Arab Emirates ($2,680 per ton), while the average price for exports to Brazil ($2,266 per ton) and Somalia ($2,401 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in China (CIF) - 2023
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $4,300 per ton in October 2023, dropping by -69.8% against the previous month. In general, the import price recorded a slight descent. The pace of growth appeared the most rapid in September 2023 an increase of 197% month-to-month. As a result, import price attained the peak level of $14,242 per ton, and then declined sharply in the following month.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From March 2023 to October 2023, the rate of growth in terms of prices for Indonesia amounted to -1.6% per month.
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in China
In 2022, shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -5.3% to 525 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 30%. As a result, the exports reached the peak of 672 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground totaled $1.4M in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $1.4M; afterwards, it flattened through to 2022.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,016 | 72.0 | 102 | 566 | -17.7% |
| Somalia | 74.6 | 408 | 399 | 250 | 49.6% |
| Brazil | 26.1 | 557 | 248 | 182 | 91.0% |
| Bangladesh | N/A | N/A | 187 | 82.5 | -55.9% |
| Ethiopia | N/A | N/A | N/A | 62.5 | 0% |
| Nepal | 10.8 | 125 | 230 | 54.4 | 71.4% |
| Kuwait | N/A | N/A | N/A | 51.4 | 0% |
| Others | 115 | 266 | 88.8 | 140 | 6.8% |
| Total | 1,243 | 1,427 | 1,255 | 1,389 | 3.8% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from China in 2022:
- United Arab Emirates (211.4 tons)
- Somalia (104.0 tons)
- Brazil (80.5 tons)
- Bangladesh (28.4 tons)
- Ethiopia (26.0 tons)
- Nepal (22.0 tons)
- Kuwait (20.9 tons)
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in China
In 2022, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into China soared to 250 tons, increasing by 18% compared with the previous year's figure. In general, imports, however, faced a abrupt curtailment.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground soared to $1.2M in 2022. Overall, imports, however, showed a perceptible descent. The pace of growth was the most pronounced in 2020 when imports increased by 23% against the previous year. As a result, imports attained the peak of $1.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,333 | 1,473 | 1,021 | 1,240 | -2.4% |
| Vietnam | N/A | 252 | 42.2 | N/A | -83.3% |
| United Arab Emirates | 62.4 | N/A | N/A | N/A | 0% |
| Others | 3.4 | 0.1 | N/A | N/A | -97.1% |
| Total | 1,399 | 1,725 | 1,063 | 1,240 | -3.9% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to China in 2022:
- Indonesia (250.0 tons)
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This report provides an in-depth analysis of the cinnamon market in China.
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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 China.
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This report provides an in-depth analysis of the global cinnamon market.
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China exported 7.2K tons of cinnamon in February 2023, a 20% increase from the previous month, with Vietnam being the main destination, accounting for 44% of total exports. In value terms, Vietnam remained the key foreign market, comprising 72% of total exports. The cinnamon price stood at $4,331 per ton in February 2023 with an increase of 24% against the previous month.
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China exported 7.2K tons of cinnamon in February 2023, a 20% increase from the previous month, with Vietnam being the main destination, accounting for 44% of total exports. In value terms, Vietnam remained the key foreign market, comprising 72% of total exports. The cinnamon price stood at $4,331 per ton in February 2023 with an increase of 24% against the previous month.
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
