Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Pakistan - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Pakistan (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Pakistan (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Pakistan
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Pakistan
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Pakistan (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $1,379 per ton in 2022, declining by -14.7% against the previous year. Overall, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 30%. The import price peaked at $2,361 per ton in 2018; however, from 2019 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 Vietnam ($1,416 per ton), while the price for Sri Lanka ($780 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.0%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Pakistan (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $3,339 per ton, falling by -13.8% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -21.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $4,228 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,849 per ton), while the average price for exports to South Korea ($3,280 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 Hong Kong SAR (+22.6%), 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 Pakistan
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Pakistan expanded markedly to 271 tons in 2022, with an increase of 14% against the previous year. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground reduced modestly to $374K in 2022. Overall, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 106%. As a result, imports reached the peak of $385K, and then declined slightly in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.8 | 29.1 | 62.5 | 351 | 100.1% |
| Vietnam | 56.8 | 1.0 | 1.6 | 15.7 | -34.9% |
| Sri Lanka | 30.5 | 23.9 | 27.5 | 7.2 | -38.2% |
| Indonesia | 0.3 | 16.0 | 27.9 | N/A | 864.4% |
| Singapore | 174 | 105 | 218 | N/A | 11.9% |
| Others | 31.2 | 11.8 | 47.5 | N/A | 23.4% |
| Total | 336 | 187 | 385 | 374 | 3.6% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Pakistan in 2022:
- China (251.0 tons)
- Vietnam (11.1 tons)
- Sri Lanka (9.3 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Pakistan
In 2022, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Pakistan surged to 2.6 tons, rising by 110% against 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 271% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground surged to $8.5K in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 423%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | N/A | N/A | 7,161 | 0% |
| Hong Kong SAR | 29.0 | 10.0 | 40.0 | 970 | 222.2% |
| South Korea | 14.0 | 7.0 | 92.0 | 410 | 208.2% |
| Germany | 78.0 | 24.0 | 85.0 | N/A | 4.4% |
| Ethiopia | N/A | 123 | N/A | N/A | 0% |
| United Kingdom | 623 | 408 | 3,551 | N/A | 138.7% |
| United States | 509 | 108 | 300 | N/A | -23.2% |
| Others | 1,343 | 223 | 655 | N/A | -30.2% |
| Total | 2,596 | 903 | 4,723 | 8,541 | 48.7% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Pakistan in 2022:
- Saudi Arabia (2181.0 kg)
- Hong Kong SAR (252.0 kg)
- South Korea (125.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Pakistan.
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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 Pakistan.
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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
9843
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
9843
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
