Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Switzerland - 2024
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Switzerland (CIF) - 2024
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Switzerland (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Switzerland
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Switzerland
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Switzerland (CIF) - 2024
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $43,630 per ton in January 2024, with an increase of 114% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in October 2023 when the average import price increased by 337% month-to-month. Over the period under review, average import prices hit record highs at $49,975 per ton in April 2023; however, from May 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($49,052 per ton), while the price for Indonesia ($20,412 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+40.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Switzerland (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $30,809 per ton in 2022, which is down by -35.1% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 37%. Over the period under review, the average export prices attained the peak figure at $53,165 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($32,369 per ton), while the average price for exports to the Czech Republic stood at $20,525 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-2.9%).
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Switzerland
In 2022, approx. 118 tons of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were imported into Switzerland; waning by -7.5% compared with the previous year. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground dropped to $1.9M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +42.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. As a result, imports attained the peak of $2M, and then reduced in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 1,181 | 635 | 1,119 | 1,162 | -0.5% |
| Germany | 23.6 | 571 | 747 | 598 | 193.7% |
| Netherlands | 2.2 | 1.6 | 0.7 | 16.1 | 94.1% |
| Others | 108 | 156 | 122 | 102 | -1.9% |
| Total | 1,314 | 1,364 | 1,988 | 1,877 | 12.6% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Switzerland in 2022:
- Sri Lanka (95.4 tons)
- Germany (13.4 tons)
- Netherlands (2.2 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Switzerland
Exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Switzerland soared to 1.5 tons in 2022, growing by 67% compared with the previous year. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 496% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground expanded significantly to $47K in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 377% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.3 | 42.4 | 42.7 | 42.8 | 72.8% |
| Czech Republic | N/A | N/A | N/A | 4.1 | 0% |
| France | 0.7 | 0.8 | 0.7 | 0.1 | -47.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.1 | 43.3 | 43.4 | 47.0 | 72.9% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Switzerland in 2022:
- Germany (1321.0 kg)
- Czech Republic (200.0 kg)
- France (4.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Switzerland.
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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 Switzerland.
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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
9842
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
4041
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.
2919
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
9842
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
