Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Australia - 2024
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Australia (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Australia (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Australia
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Australia
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Australia (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $10,089 per ton, surging by 35% against the previous year. In general, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 56% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($12,952 per ton), while the price for Vietnam ($5,560 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.7%), 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 Australia (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $11,782 per ton in 2022, almost unchanged from the previous year. Overall, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2015 an increase of 155% against the previous year. The export price peaked at $27,298 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Papua New Guinea ($14,412 per ton), while the average price for exports to New Zealand amounted to $11,386 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.2%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Australia
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, when their volume decreased by -48.2% to 137 tons. In general, imports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2021 when imports increased by 79% against the previous year. As a result, imports reached the peak of 264 tons, and then declined remarkably in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground fell dramatically to $1.4M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. As a result, imports attained the peak of $2M, and then dropped markedly in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 580 | 757 | 810 | 876 | 14.7% |
| India | 121 | 107 | 252 | 259 | 28.9% |
| China | 104 | 129 | 82.1 | 103 | -0.3% |
| Vietnam | 63.7 | 125 | 168 | 89.2 | 11.9% |
| Indonesia | 99.8 | 198 | 588 | 9.6 | -54.2% |
| Others | 35.3 | 27.9 | 78.3 | 43.2 | 7.0% |
| Total | 1,003 | 1,344 | 1,978 | 1,380 | 11.2% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Australia in 2022:
- Sri Lanka (67.6 tons)
- India (30.2 tons)
- China (17.8 tons)
- Vietnam (16.0 tons)
- Indonesia (1.1 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Australia
After two years of decline, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground increased by 33% to 1.4 tons in 2022. In general, exports, however, continue to indicate a precipitous contraction.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground surged to $17K in 2022. Over the period under review, exports, however, showed a sharp setback.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 54.2 | 52.3 | 12.8 | 16.1 | -33.3% |
| Malaysia | 1.2 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 0.2 | 0.2 | 0.9 | -6.5% |
| Total | 56.5 | 52.4 | 13.0 | 17.0 | -33.0% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Australia in 2022:
- New Zealand (1415.0 kg)
2032
This report provides an in-depth analysis of the cinnamon market in Australia.
9387
This report provides an in-depth analysis of the global cinnamon market.
2032
This report provides an in-depth analysis of the cinnamon market in Australia.
9387
This report provides an in-depth analysis of the global cinnamon market.
1108
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2653
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
9638
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3916
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.
4440
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.
2890
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
2273
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
1108
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2653
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
9638
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
