Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Serbia - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Serbia (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Serbia (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Serbia
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Serbia
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Serbia (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $9,202 per ton, growing by 2.7% against the previous year. Overall, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 58% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($19,213 per ton), while the price for Vietnam stood at $7,717 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+24.3%), 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 Serbia (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $1,160 per ton, which is down by -74.9% against the previous year. Over the period under review, the export price faced a dramatic contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 39% against the previous year. The export price peaked at $14,125 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to -6.5% per year.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Serbia
In 2022, the amount of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground imported into Serbia fell notably to 689 kg, declining by -63.9% against the year before. Over the period under review, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground dropped significantly to $6.3K in 2022. In general, imports saw a significant contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.4 | 0.7 | 1.2 | 4.6 | 48.7% |
| Indonesia | 8.8 | 1.9 | 2.3 | 1.7 | -42.2% |
| Bulgaria | 2.5 | 0.7 | 2.9 | N/A | 7.7% |
| Austria | 1.9 | 0.5 | 0.2 | N/A | -67.6% |
| Poland | 5.1 | 3.9 | 5.1 | N/A | 0.0% |
| Others | 6.4 | 5.8 | 5.5 | N/A | -7.3% |
| Total | 26.1 | 13.5 | 17.1 | 6.3 | -37.7% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Serbia in 2022:
- Vietnam (600.0 kg)
- Indonesia (89.0 kg)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Serbia
In 2022, shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground was finally on the rise to reach 25 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt slump.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank remarkably to $29 in 2022. Overall, exports, however, showed a dramatic descent. The smallest decline of -14.2% was in 2020.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Serbia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 6.0 | 6.0 | 1.0 | 29.0 | 69.1% |
| Switzerland | 48.0 | 47.0 | 3.0 | N/A | -75.0% |
| Bosnia and Herzegovina | 73.0 | 64.0 | 4.0 | N/A | -76.6% |
| Montenegro | 30.0 | 21.0 | 2.0 | N/A | -74.2% |
| United Arab Emirates | N/A | N/A | 79.0 | N/A | 0% |
| Canada | 12.0 | 7.0 | 2.0 | N/A | -59.2% |
| Others | N/A | N/A | 6.0 | N/A | 0% |
| Total | 169 | 145 | 97.0 | 29.0 | -44.4% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Serbia in 2022:
- Australia (25.0 kg)
164
This report provides an in-depth analysis of the cinnamon market in Serbia.
9553
This report provides an in-depth analysis of the global cinnamon market.
164
This report provides an in-depth analysis of the cinnamon market in Serbia.
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.
