Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Denmark - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Denmark (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Denmark (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Denmark
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Denmark
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Denmark (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $16,511 per ton in 2022, jumping by 48% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Sri Lanka ($32,994 per ton), while the price for Vietnam ($4,238 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.6%), 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 Denmark (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $8,930 per ton in 2022, dropping by -18.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 33%. The export price peaked at $12,375 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($20,331 per ton), while the average price for exports to Iceland ($2,485 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 Netherlands (+15.5%), 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 Denmark
In 2022, supplies from abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -51.2% to 13 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, imports reached the peak of 26 tons, and then fell rapidly in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted dramatically to $210K in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.6% 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 +21.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44%. As a result, imports attained the peak of $290K, and then declined remarkably in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 95.9 | 112 | 60.6 | 78.4 | -6.5% |
| Germany | 17.7 | 9.1 | 84.1 | 47.6 | 39.1% |
| Sri Lanka | 5.9 | 11.4 | 36.0 | 20.5 | 51.5% |
| Netherlands | 2.8 | 2.2 | 6.1 | 16.2 | 79.5% |
| Czech Republic | 31.5 | 53.6 | 64.6 | 10.9 | -29.8% |
| Austria | N/A | 6.8 | 1.3 | 4.9 | -15.1% |
| Iran | N/A | N/A | N/A | 4.8 | 0% |
| Vietnam | 0.9 | 0.2 | 4.0 | 4.2 | 67.1% |
| China | 2.0 | 0.1 | 21.9 | 2.0 | 0.0% |
| Others | 16.2 | 5.4 | 11.2 | 20.1 | 7.5% |
| Total | 173 | 201 | 290 | 210 | 6.7% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Denmark in 2022:
- Germany (3.1 tons)
- Sweden (3.0 tons)
- Czech Republic (1.2 tons)
- Vietnam (1.0 tons)
- Iran (0.8 tons)
- Netherlands (0.7 tons)
- Sri Lanka (0.6 tons)
- Austria (0.5 tons)
- China (0.3 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Denmark
In 2022, shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -47% to 4.9 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, the exports reached the peak of 9.2 tons, and then declined significantly in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined significantly to $44K in 2022. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. As a result, the exports reached the peak of $101K, and then shrank rapidly in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 12.4 | 21.6 | 27.9 | 16.1 | 9.1% |
| Sweden | 9.4 | 14.8 | 22.3 | 7.4 | -7.7% |
| Iceland | 0.7 | 1.0 | 8.4 | 6.0 | 104.7% |
| Poland | 4.7 | 8.2 | 15.1 | 2.7 | -16.9% |
| United Kingdom | 0.9 | 0.6 | 1.0 | 2.0 | 30.5% |
| Faroe Islands | 2.9 | 4.3 | 1.6 | 1.6 | -18.0% |
| Finland | 2.4 | 3.9 | 5.6 | 1.6 | -12.6% |
| Netherlands | 6.8 | 5.2 | 3.3 | 1.0 | -47.2% |
| Estonia | 0.6 | 1.5 | 2.1 | 0.8 | 10.1% |
| Lithuania | 0.4 | 1.0 | 1.6 | 0.8 | 26.0% |
| Germany | 8.0 | 4.1 | 1.5 | 0.6 | -57.8% |
| Czech Republic | 2.2 | 2.2 | 3.2 | 0.5 | -39.0% |
| France | 7.7 | 4.5 | N/A | 0.1 | -76.5% |
| Others | 3.4 | 6.4 | 7.2 | 2.5 | -9.7% |
| Total | 62.4 | 79.2 | 101 | 43.7 | -11.2% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Denmark in 2022:
- Iceland (2420.0 kg)
- Norway (794.0 kg)
- Sweden (429.0 kg)
- Poland (273.0 kg)
- Finland (153.0 kg)
- Faroe Islands (147.0 kg)
- United Kingdom (132.0 kg)
- Netherlands (85.0 kg)
- Estonia (84.0 kg)
- Lithuania (79.0 kg)
- Germany (53.0 kg)
- Czech Republic (42.0 kg)
- France (11.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Denmark.
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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 Denmark.
9387
This report provides an in-depth analysis of the global cinnamon market.
1108
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2653
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
9638
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3916
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.
4440
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.
2890
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
1108
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2653
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
9638
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
