Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Myanmar - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Myanmar (FOB) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Myanmar (CIF) - 2022
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Myanmar
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Myanmar
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Myanmar (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $459 per ton in 2022, increasing by 8.5% against the previous year. In general, the export price, however, saw a dramatic contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 47% against the previous year. As a result, the export price reached the peak level of $8,007 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($500 per ton), while the average price for exports to Pakistan ($150 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+95.4%), 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 Myanmar (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $5,284 per ton in 2022, leveling off at the previous year. Overall, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 139% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($9,080 per ton), while the price for Thailand ($2,381 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Myanmar
After three years of growth, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -85.3% to 144 tons in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 441% against the previous year. As a result, the exports attained the peak of 978 tons, and then plummeted in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground dropped rapidly to $66K in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 258%. As a result, the exports reached the peak of $413K, and then dropped significantly in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 4.4 | 1.7 | 22.2 | 45.2 | 117.4% |
| China | N/A | 13.7 | 110 | 18.1 | 14.9% |
| Pakistan | N/A | 0.6 | 5.6 | 2.5 | 104.1% |
| South Korea | 50.4 | 91.9 | 267 | N/A | 130.2% |
| Others | 1.5 | 7.7 | 9.0 | N/A | 144.9% |
| Total | 56.2 | 116 | 413 | 65.9 | 5.5% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Myanmar in 2022:
- Thailand (90.4 tons)
- China (36.3 tons)
- Pakistan (17.0 tons)
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Myanmar
For the third consecutive year, Myanmar recorded decline in overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, which decreased by 0% to 201 kg in 2022. Over the period under review, imports recorded a dramatic shrinkage. The smallest decline of -69.2% was in 2020.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $1.1K in 2022. In general, imports saw a significant contraction. The smallest decline of -26.4% was in 2020.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Myanmar (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2,212 | 1,464 | N/A | 790 | -29.1% |
| Thailand | 506 | 382 | N/A | 269 | -19.0% |
| Australia | 150 | N/A | N/A | N/A | 0% |
| Others | 16.0 | 278 | N/A | 3.0 | -42.8% |
| Total | 2,884 | 2,124 | N/A | 1,062 | -28.3% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Myanmar in 2022:
- Thailand (113.0 kg)
- Indonesia (87.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Myanmar.
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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 Myanmar.
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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
1121
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2682
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
9785
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
