Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in France - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in France (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in France (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in France
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in France
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in France (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $6,361 per ton, surging by 2.3% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground increased by +70.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 ($18,194 per ton), while the price for Madagascar ($5,067 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+11.1%), 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 France (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $10,176 per ton, with a decrease of -2.5% against the previous year. Overall, the export price saw a noticeable downturn. The growth pace was the most rapid in 2014 when the average export price increased by 66% against the previous year. As a result, the export price attained the peak level of $20,419 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($37,474 per ton), while the average price for exports to Germany ($4,368 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 Poland (+14.8%), 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 France
In 2022, the amount of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground imported into France reduced slightly to 484 tons, remaining stable against the year before. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 177%. As a result, imports reached the peak of 489 tons, and then dropped in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $3.1M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 172% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 162 | 163 | 1,504 | 1,495 | 109.8% |
| Madagascar | 929 | 422 | 694 | 770 | -6.1% |
| Spain | 134 | 235 | 292 | 220 | 18.0% |
| Sri Lanka | 201 | 97.2 | 116 | 164 | -6.6% |
| China | 55.7 | 81.3 | 135 | 105 | 23.5% |
| Vietnam | 32.3 | 36.3 | 2.0 | 69.9 | 29.3% |
| Others | 68.9 | 82.9 | 300 | 254 | 54.5% |
| Total | 1,583 | 1,118 | 3,043 | 3,077 | 24.8% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to France in 2022:
- Indonesia (252.3 tons)
- Madagascar (152.0 tons)
- Spain (17.0 tons)
- China (10.8 tons)
- Vietnam (9.0 tons)
- Sri Lanka (9.0 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in France
In 2022, approx. 82 tons of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were exported from France; shrinking by -24.5% on 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. As a result, the exports reached the peak of 109 tons, and then shrank dramatically in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted markedly to $834K in 2022. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 5.5%. As a result, the exports reached the peak of $1.1M, and then reduced remarkably in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 609 | 413 | 250 | 263 | -24.4% |
| Spain | 72.5 | 99.7 | 247 | 207 | 41.9% |
| Italy | 71.5 | 62.8 | 131 | 182 | 36.5% |
| Switzerland | 44.6 | 53.6 | 151 | 108 | 34.3% |
| Belgium | 24.4 | 31.3 | 30.3 | 22.3 | -3.0% |
| Netherlands | 3.3 | 13.2 | 9.9 | 13.6 | 60.3% |
| Portugal | 41.2 | 14.6 | 11.4 | 6.3 | -46.5% |
| Germany | 73.1 | 34.2 | 145 | 5.7 | -57.3% |
| Poland | 103 | 305 | 111 | 0.6 | -82.0% |
| Others | 24.7 | 45.6 | 46.0 | 26.4 | 2.2% |
| Total | 1,067 | 1,073 | 1,132 | 834 | -7.9% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from France in 2022:
- Spain (46.3 tons)
- Italy (15.7 tons)
- United Kingdom (10.0 tons)
- Switzerland (2.9 tons)
- Belgium (1.6 tons)
- Netherlands (1.5 tons)
- Germany (1.3 tons)
- Portugal (0.5 tons)
- Poland (0.1 tons)
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This report provides an in-depth analysis of the cinnamon market in France.
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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 France.
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This report provides an in-depth analysis of the global cinnamon market.
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In January 2023, the price of cinnamon increased by 15% from the previous month to $7,472 per ton (CIF, France).
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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
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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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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
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In January 2023, the price of cinnamon increased by 15% from the previous month to $7,472 per ton (CIF, France).
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
