Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Portugal - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Portugal (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Portugal (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Portugal
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Portugal
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Portugal (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $9,982 per ton, reducing by -18.9% against the previous year. In general, the import price, however, saw resilient growth. The growth pace was the most rapid in 2016 an increase of 50% against the previous year. The import price peaked at $12,311 per ton in 2021, and then declined markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($27,724 per ton), while the price for the Dominican Republic ($4,902 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.1%), 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 Portugal (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $16,909 per ton in 2022, falling by -11.6% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 -24.0% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 95%. The export price peaked at $22,238 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($27,890 per ton), while the average price for exports to Cabo Verde ($13,003 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 Spain (+14.4%), 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 Portugal
In 2022, purchases abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground increased by 58% to 97 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt decrease.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground surged to $972K in 2022. In general, imports, however, recorded a slight shrinkage.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 492 | 379 | 248 | 509 | 1.1% |
| Netherlands | 33.6 | 75.3 | 122 | 202 | 81.8% |
| Poland | 207 | 261 | 293 | 193 | -2.3% |
| Spain | 69.4 | 67.5 | 62.6 | 42.4 | -15.1% |
| Dominican Republic | 0.4 | 5.1 | 5.6 | 7.8 | 169.2% |
| Vietnam | 148 | N/A | N/A | 0.1 | -91.2% |
| Others | 64.4 | 36.3 | 28.2 | 17.1 | -35.7% |
| Total | 1,015 | 824 | 760 | 972 | -1.4% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Portugal in 2022:
- Indonesia (50.5 tons)
- Netherlands (30.3 tons)
- Poland (7.0 tons)
- Spain (6.9 tons)
- Dominican Republic (1.6 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Portugal
In 2022, after three years of growth, there was decline in overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, when their volume decreased by less than 0.1% to 20 tons. The total export volume increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of 20 tons, leveling off in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground reduced to $333K in 2022. The total export value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 84.9 | 67.1 | 107 | 157 | 22.7% |
| Spain | 153 | 181 | 156 | 85.0 | -17.8% |
| Mozambique | 7.1 | 16.3 | 14.6 | 29.8 | 61.3% |
| United Kingdom | 6.5 | 8.4 | 14.7 | 10.5 | 17.3% |
| France | 6.6 | 10.9 | 12.9 | 9.8 | 14.1% |
| Cabo Verde | 5.7 | 11.7 | 10.7 | 9.5 | 18.6% |
| Switzerland | 6.8 | 7.6 | 12.9 | 9.1 | 10.2% |
| Luxembourg | 9.9 | 28.2 | 9.2 | 4.8 | -21.4% |
| Poland | 6.3 | 5.6 | 0.2 | 0.1 | -74.9% |
| Morocco | N/A | N/A | 24.1 | N/A | 0% |
| Others | 11.1 | 9.0 | 13.1 | 17.1 | 15.5% |
| Total | 298 | 346 | 376 | 333 | 3.8% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Portugal in 2022:
- Angola (10.9 tons)
- Spain (3.0 tons)
- Mozambique (2.3 tons)
- Cabo Verde (0.7 tons)
- United Kingdom (0.5 tons)
- Luxembourg (0.4 tons)
- France (0.4 tons)
- Switzerland (0.3 tons)
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This report provides an in-depth analysis of the cinnamon market in Portugal.
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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 Portugal.
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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...
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.
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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.
