Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Thailand - 2024
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Thailand (CIF) - 2024
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Thailand (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Thailand
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Thailand
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Thailand (CIF) - 2024
In January 2024, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $3,993 per ton, with a decrease of -27.9% against the previous month. Overall, the import price saw a perceptible slump. The growth pace was the most rapid in December 2023 when the average import price increased by 18% against the previous month. As a result, import price reached the peak level of $5,542 per ton, and then fell remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($5,509 per ton), while the price for China ($2,000 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 Myanmar (+5.4%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Thailand (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $7,778 per ton, picking up by 7.8% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 50% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
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 Italy ($13,149 per ton), while the average price for exports to Canada ($3,687 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 Australia (+20.7%), 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 Thailand
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Thailand amounted to 708 tons in 2022, picking up by 4.5% compared with the previous year. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, imports reached the peak of 1.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $3.5M in 2022. Overall, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 33%. As a result, imports attained the peak of $6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3,777 | 4,493 | 2,006 | 1,933 | -20.0% |
| Vietnam | 654 | 1,339 | 1,219 | 1,354 | 27.5% |
| India | 3.9 | 4.3 | 10.0 | 109 | 203.5% |
| China | 19.3 | 158 | 85.6 | 87.3 | 65.4% |
| Myanmar | 48.0 | 14.2 | 60.5 | 49.9 | 1.3% |
| Others | 0.3 | 0.5 | 0.9 | 0.1 | -30.7% |
| Total | 4,503 | 6,009 | 3,382 | 3,533 | -7.8% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Thailand in 2022:
- Indonesia (323.9 tons)
- Vietnam (263.7 tons)
- Myanmar (63.8 tons)
- China (31.8 tons)
- India (24.6 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Thailand
After three years of growth, shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -7.6% to 26 tons in 2022. The total export volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 12%.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank slightly to $202K in 2022. The total export value increased at an average annual rate of +12.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 43% against the previous year. As a result, the exports reached the peak of $205K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 35.7 | 66.0 | 45.1 | 62.7 | 20.7% |
| Maldives | 14.5 | 37.7 | 40.8 | 39.4 | 39.5% |
| Canada | 11.0 | 24.0 | 37.2 | 26.9 | 34.7% |
| Australia | 27.0 | 17.6 | 28.8 | 24.7 | -2.9% |
| Germany | 16.0 | 18.1 | 10.2 | 10.6 | -12.8% |
| Hong Kong SAR | 6.7 | 7.9 | 5.3 | 8.4 | 7.8% |
| Italy | 2.8 | 1.4 | 9.2 | 7.5 | 38.9% |
| New Zealand | 7.7 | 9.6 | 10.1 | 7.4 | -1.3% |
| Myanmar | 2.8 | N/A | N/A | N/A | 0% |
| Others | 19.3 | 23.3 | 16.2 | 14.2 | -9.7% |
| Total | 143 | 205 | 203 | 202 | 12.2% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Thailand in 2022:
- Canada (7.3 tons)
- Maldives (5.9 tons)
- United States (5.5 tons)
- Australia (2.3 tons)
- Germany (1.3 tons)
- Hong Kong SAR (1.0 tons)
- Italy (0.6 tons)
- New Zealand (0.6 tons)
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This report provides an in-depth analysis of the cinnamon market in Thailand.
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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 Thailand.
9548
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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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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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.
