Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Indonesia - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Indonesia (FOB) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Indonesia (CIF) - 2022
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Indonesia
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Indonesia
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Indonesia (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $5,690 per ton in March 2022, which is down by -8.2% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in September 2021 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices reached the maximum at $6,826 per ton in November 2021; however, from December 2021 to March 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In March 2022, the highest price was recorded for prices to Germany ($7,051 per ton) and Thailand ($6,309 per ton), while the average price for exports to the Dominican Republic ($5,080 per ton) and Vietnam ($5,190 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+2.5%), 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 Indonesia (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $3,526 per ton in 2022, which is down by -2% against the previous year. Overall, the import price, however, continues to indicate perceptible growth. The growth pace was the most rapid in 2014 when the average import price increased by 125% against the previous year. As a result, import price reached the peak level of $6,480 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($3,602 per ton), while the price for Sri Lanka ($1,937 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.8%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Indonesia
For the third year in a row, Indonesia recorded decline in overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, which decreased by -2.8% to 7.6K tons in 2022. Over the period under review, exports continue to indicate a noticeable setback.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank modestly to $44M in 2022. The total export value increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, the exports reached the peak of $44M, and then contracted slightly in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.6 | 10.0 | 19.2 | 17.9 | 33.0% |
| Netherlands | 2.8 | 3.7 | 2.6 | 5.8 | 27.5% |
| Vietnam | 2.0 | 3.2 | 3.3 | 3.8 | 23.9% |
| Thailand | 3.6 | 4.0 | 1.8 | 2.6 | -10.3% |
| France | 1.0 | 0.7 | 2.1 | 2.3 | 32.0% |
| Malaysia | 2.3 | 2.3 | 2.3 | 1.9 | -6.2% |
| India | 2.3 | 1.9 | 3.3 | 1.1 | -21.8% |
| Dominican Republic | 1.2 | 1.2 | 0.3 | 0.9 | -9.1% |
| Germany | 1.2 | 1.0 | 1.1 | 0.7 | -16.4% |
| Brazil | 2.4 | 1.9 | 0.5 | 0.4 | -45.0% |
| United Arab Emirates | 0.7 | 0.6 | 0.1 | 0.1 | -47.7% |
| Iran | 0.8 | 0.2 | 0.7 | N/A | -6.5% |
| Others | 5.8 | 6.5 | 6.8 | 6.1 | 1.7% |
| Total | 33.7 | 37.2 | 44.3 | 43.6 | 9.0% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Indonesia in 2022:
- United States (2904.8 tons)
- Netherlands (1159.1 tons)
- Vietnam (760.2 tons)
- Thailand (437.9 tons)
- Malaysia (429.4 tons)
- France (385.5 tons)
- India (201.6 tons)
- Dominican Republic (187.2 tons)
- Germany (99.2 tons)
- Brazil (69.0 tons)
- United Arab Emirates (13.0 tons)
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Indonesia
In 2022, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Indonesia shrank significantly to 1.4K tons, falling by -50.4% against the previous year. Over the period under review, imports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. As a result, imports attained the peak of 2.8K tons, and then dropped notably in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted dramatically to $4.9M in 2022. Overall, imports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 8.9%. As a result, imports attained the peak of $10M, and then fell dramatically in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 9.3 | 9.1 | 10.0 | 4.7 | -20.3% |
| Sri Lanka | N/A | N/A | N/A | 0.1 | 0% |
| China | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Others | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Total | 9.8 | 9.2 | 10.0 | 4.9 | -20.6% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Indonesia in 2022:
- Vietnam (1307.7 tons)
- Sri Lanka (52.0 tons)
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This report provides an in-depth analysis of the cinnamon market in Indonesia.
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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 Indonesia.
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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
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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
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
9845
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
