Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Austria - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Austria (FOB) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Austria (CIF) - 2022
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Austria
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Austria
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Austria (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $9,322 per ton in 2022, waning by -13% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 23%. The export price peaked at $10,711 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($17,863 per ton), while the average price for exports to Hungary ($6,362 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 Croatia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Austria (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $4,806 per ton in 2022, reducing by -5.2% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground increased by +86.5% against 2013 indices. The pace of growth was the most pronounced in 2014 an increase of 24%. The import price peaked at $5,069 per ton in 2021, and then fell in the following year.
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 Germany ($8,282 per ton), while the price for Indonesia ($3,940 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Austria
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground exported from Austria rose significantly to 324 tons, surging by 14% on the previous year's figure. The total export volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground dropped modestly to $3M in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $3.2M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 504 | 765 | 653 | 996 | 25.5% |
| Germany | 654 | 757 | 758 | 661 | 0.4% |
| Hungary | 192 | 184 | 204 | 242 | 8.0% |
| Slovenia | 190 | 199 | 195 | 171 | -3.5% |
| Czech Republic | 143 | 150 | 173 | 152 | 2.1% |
| Croatia | 118 | 170 | 174 | 150 | 8.3% |
| Italy | 128 | 161 | 167 | 135 | 1.8% |
| Greece | 118 | 131 | 112 | 76.1 | -13.6% |
| Poland | 105 | 67.5 | 65.1 | 64.8 | -14.9% |
| Bulgaria | 57.6 | 50.0 | 74.3 | 56.4 | -0.7% |
| Romania | 78.2 | 83.3 | 72.5 | 56.3 | -10.4% |
| Slovakia | 80.2 | 133 | 98.7 | 41.9 | -19.5% |
| Others | 257 | 309 | 300 | 218 | -5.3% |
| Total | 2,624 | 3,160 | 3,046 | 3,019 | 4.8% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Austria in 2022:
- Russia (127.2 tons)
- Germany (46.0 tons)
- Hungary (38.0 tons)
- Czech Republic (22.0 tons)
- Croatia (19.2 tons)
- Slovenia (17.9 tons)
- Poland (9.2 tons)
- Italy (7.6 tons)
- Greece (7.3 tons)
- Slovakia (5.8 tons)
- Bulgaria (4.5 tons)
- Romania (3.7 tons)
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Austria
In 2022, approx. 580 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were imported into Austria; with a decrease of -8.4% on 2021 figures. Over the period under review, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports attained the peak of 633 tons, and then dropped in the following year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank to $2.8M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports reached the peak of $3.2M, and then reduced in the following year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 96.2 | 1,475 | 2,317 | 1,982 | 174.1% |
| Germany | 457 | 675 | 545 | 669 | 13.5% |
| Sri Lanka | 139 | 33.8 | 99.0 | 70.1 | -20.4% |
| Indonesia | 1,481 | N/A | N/A | 0.2 | -94.9% |
| Vietnam | 179 | N/A | 26.4 | N/A | -61.6% |
| Madagascar | 278 | N/A | 77.1 | N/A | -47.3% |
| Others | 62.3 | 459 | 145 | 65.4 | 1.6% |
| Total | 2,692 | 2,642 | 3,209 | 2,787 | 1.2% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Austria in 2022:
- Netherlands (481.4 tons)
- Germany (80.8 tons)
- Sri Lanka (12.8 tons)
- Indonesia (0.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Austria.
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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 Austria.
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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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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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