Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ireland - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ireland (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ireland (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ireland
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ireland
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ireland (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $12,405 per ton in 2022, waning by -2.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 107% against the previous year. The import price peaked at $19,796 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($35,029 per ton), while the price for Pakistan ($3,099 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.3%), 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 Ireland (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $12,279 per ton, with a decrease of -19.4% against the previous year. Overall, the export price recorded a pronounced slump. The pace of growth appeared the most rapid in 2020 an increase of 48% against the previous year. As a result, the export price attained the peak level of $17,332 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($12,288 per ton), while the average price for exports to the Netherlands amounted to $9,189 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.4%).
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ireland
In 2022, overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -4.6% to 23 tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 166%. As a result, imports attained the peak of 32 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined to $282K in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 52%. As a result, imports attained the peak of $304K, and then reduced in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 72.0 | N/A | 144 | 106 | 13.8% |
| China | 14.1 | 10.8 | 82.5 | 86.2 | 82.9% |
| United Kingdom | 16.4 | 182 | 39.9 | 51.5 | 46.4% |
| France | 7.3 | 4.0 | 5.7 | 11.8 | 17.4% |
| Vietnam | N/A | N/A | N/A | 10.7 | 0% |
| Netherlands | 36.2 | N/A | 5.4 | 4.4 | -50.5% |
| Pakistan | N/A | 0.2 | 0.3 | 1.8 | 200.0% |
| Others | 2.1 | 3.8 | 26.2 | 8.7 | 60.6% |
| Total | 148 | 200 | 304 | 282 | 24.0% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Ireland in 2022:
- China (10.1 tons)
- United Kingdom (5.4 tons)
- Sri Lanka (3.0 tons)
- Vietnam (1.9 tons)
- France (0.8 tons)
- Pakistan (0.6 tons)
- Netherlands (0.3 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ireland
Exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Ireland skyrocketed to 878 kg in 2022, growing by 95% against 2021. Over the period under review, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground skyrocketed to $11K in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 8.7 | 5.6 | 6.5 | 10.2 | 5.4% |
| Netherlands | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Total | 8.7 | 5.6 | 6.9 | 10.8 | 7.5% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Ireland in 2022:
- United Kingdom (834.0 kg)
- Netherlands (37.0 kg)
697
This report provides an in-depth analysis of the cinnamon market in Ireland.
9553
This report provides an in-depth analysis of the global cinnamon market.
697
This report provides an in-depth analysis of the cinnamon market in Ireland.
9553
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
9843
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
4043
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.
4469
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.
2921
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
9843
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
