Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Finland - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Finland (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Finland (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Finland
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Finland
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Finland (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $6,307 per ton, surging by 2.5% against the previous year. Overall, the import price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 37%. Over the period under review, average import prices reached the peak figure at $11,251 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +1.2% per year.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Finland (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $25,087 per ton in 2022, surging by 54% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2020 when the average export price increased by 204% against the previous year. As a result, the export price attained the peak level of $41,750 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
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 Estonia ($50,444 per ton), while the average price for exports to Sweden totaled $8,786 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+28.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Finland
After three years of growth, supplies from abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -11.6% to 33 tons in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 134% against the previous year. As a result, imports reached the peak of 37 tons, and then declined in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground dropped to $208K in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 168%. As a result, imports attained the peak of $229K, and then shrank in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.4 | 57.9 | 217 | 202 | 696.3% |
| India | 21.4 | N/A | N/A | N/A | 0% |
| Sri Lanka | 15.0 | N/A | 0.4 | N/A | -83.7% |
| Others | 15.3 | 27.6 | 12.0 | 6.2 | -26.0% |
| Total | 52.1 | 85.6 | 229 | 208 | 58.6% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Finland in 2022:
- Netherlands (32.6 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Finland
In 2022, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Finland fell dramatically to 23 kg, dropping by -65.2% on 2021 figures. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 725%. As a result, the exports attained the peak of 66 kg, and then shrank significantly in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted significantly to $577 in 2022. Overall, exports, however, posted a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of 221%. As a result, the exports reached the peak of $1.1K, and then declined markedly in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Finland (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 360 | 317 | 136 | 454 | 8.0% |
| Sweden | 162 | N/A | 20.0 | 123 | -8.8% |
| Japan | N/A | 12.0 | 202 | N/A | 1583.3% |
| Netherlands | N/A | N/A | 677 | N/A | 0% |
| Others | N/A | 5.0 | 37.0 | N/A | 640.0% |
| Total | 522 | 334 | 1,072 | 577 | 3.4% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Finland in 2022:
- Sweden (14.0 kg)
- Estonia (9.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Finland.
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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 Finland.
9548
This report provides an in-depth analysis of the global cinnamon market.
1129
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
9842
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
4042
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.
4468
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.
2919
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
2292
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
1129
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
9842
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
