Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Spain - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Spain (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Spain (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Spain
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Spain
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Spain (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $5,483 per ton in 2022, dropping by -27.2% against the previous year. In general, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 82%. Over the period under review, average import prices reached the maximum at $10,253 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($11,484 per ton), while the price for Madagascar ($2,247 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.8%), 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 Spain (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $3,741 per ton in 2022, declining by -13.8% against the previous year. Over the period under review, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of 82% against the previous year. As a result, the export price attained the peak level of $6,309 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
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 Vietnam ($6,037 per ton), while the average price for exports to Germany ($1,628 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 Vietnam (+5.1%), 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 Spain
In 2022, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Spain surged to 1K tons, rising by 23% on the previous year. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined to $5.7M in 2022. In general, imports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by 3.7% against the previous year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 5,224 | 3,853 | 4,286 | 3,121 | -15.8% |
| Madagascar | 626 | 846 | 633 | 1,115 | 21.2% |
| Vietnam | 155 | 36.3 | 141 | 458 | 43.5% |
| Netherlands | 207 | 637 | 350 | 310 | 14.4% |
| France | 30.5 | 279 | 359 | 278 | 108.9% |
| Indonesia | 24.2 | 31.1 | 134 | 112 | 66.6% |
| Germany | 10.7 | 42.5 | 92.0 | 102 | 112.0% |
| Others | 255 | 479 | 440 | 249 | -0.8% |
| Total | 6,532 | 6,204 | 6,435 | 5,745 | -4.2% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Spain in 2022:
- Madagascar (496.2 tons)
- Sri Lanka (271.8 tons)
- Vietnam (84.4 tons)
- France (74.5 tons)
- Netherlands (57.9 tons)
- Germany (25.0 tons)
- Indonesia (18.9 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Spain
In 2022, approx. 263 tons of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were exported from Spain; picking up by 7.3% against the year before. The total export volume increased at an average annual rate of +9.8% 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 18%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank to $983K in 2022. The total export value increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. As a result, the exports attained the peak of $1.1M, and then contracted in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 138 | 229 | 296 | 416 | 44.5% |
| Portugal | 113 | 83.8 | 166 | 208 | 22.6% |
| Belgium | 25.3 | 35.6 | 39.8 | 55.5 | 29.9% |
| Vietnam | N/A | 34.0 | N/A | 44.1 | 13.9% |
| Italy | 65.7 | 65.7 | 97.2 | 39.3 | -15.7% |
| Poland | 24.0 | 46.5 | 87.5 | 30.6 | 8.4% |
| Germany | N/A | 2.8 | 2.8 | 12.5 | 111.3% |
| United Kingdom | 120 | 30.1 | 17.3 | 8.2 | -59.1% |
| Netherlands | 59.0 | 51.4 | 77.8 | 7.9 | -48.8% |
| Lithuania | 52.9 | 26.8 | 0.2 | 2.5 | -63.8% |
| Others | 254 | 343 | 279 | 159 | -14.5% |
| Total | 852 | 949 | 1,063 | 983 | 4.9% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Spain in 2022:
- France (93.5 tons)
- Portugal (90.6 tons)
- Belgium (17.0 tons)
- Italy (13.8 tons)
- Poland (8.5 tons)
- Germany (7.7 tons)
- Vietnam (7.3 tons)
- Netherlands (2.9 tons)
- United Kingdom (2.4 tons)
- Lithuania (0.3 tons)
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This report provides an in-depth analysis of the cinnamon market in Spain.
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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 Spain.
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This report provides an in-depth analysis of the global cinnamon market.
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In May 2023, the price of cinnamon reached $5,533 per ton (CIF, Spain), marking a 34% increase compared to the previous month.
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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
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In May 2023, the price of cinnamon reached $5,533 per ton (CIF, Spain), marking a 34% increase compared to the previous month.
1129
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
