Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Estonia - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Estonia (FOB) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Estonia (CIF) - 2022
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Estonia
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Estonia
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Estonia (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $11,012 per ton in 2022, picking up by 9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.9%. The growth pace was the most rapid in 2018 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($20,094 per ton), while the average price for exports to Belgium ($4,532 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 Norway (+11.1%), 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 Estonia (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $7,503 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price showed resilient growth. The growth pace was the most rapid in 2017 when the average import price increased by 49% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 Sweden ($10,238 per ton), while the price for Lithuania ($4,338 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.4%), 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 Estonia
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground exported from Estonia expanded rapidly to 136 tons, with an increase of 5.3% against the year before. In general, exports recorded modest growth. The most prominent rate of growth was recorded in 2020 when exports increased by 7.1%. As a result, the exports attained the peak of 142 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground surged to $1.5M in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern remained consistent, 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.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 841 | 925 | 925 | 1,013 | 6.4% |
| Russia | 152 | 117 | 40.5 | 141 | -2.5% |
| Lithuania | 64.2 | 91.8 | 101 | 114 | 21.1% |
| Latvia | 84.4 | 113 | 125 | 105 | 7.6% |
| Norway | 11.6 | 22.7 | 90.9 | 90.2 | 98.1% |
| Belgium | N/A | N/A | N/A | 14.5 | 0% |
| Others | 12.7 | 11.5 | 18.1 | 21.0 | 18.3% |
| Total | 1,166 | 1,281 | 1,301 | 1,498 | 8.7% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Estonia in 2022:
- Sweden (93.8 tons)
- Russia (14.3 tons)
- Norway (10.3 tons)
- Latvia (6.3 tons)
- Lithuania (5.7 tons)
- Belgium (3.2 tons)
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Estonia
After three years of growth, overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -20.5% to 103 tons in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% 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 +41.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of 130 tons, and then shrank remarkably in the following year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground reduced markedly to $774K in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 85% against the previous year. As a result, imports attained the peak of $969K, and then contracted rapidly in the following year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 226 | 0.2 | 376 | 196 | -4.6% |
| Netherlands | 56.4 | 162 | 262 | 192 | 50.4% |
| Finland | 98.1 | 126 | 106 | 187 | 24.0% |
| Latvia | 10.4 | 45.8 | 71.5 | 68.4 | 87.4% |
| Sweden | N/A | 84.2 | 87.5 | 65.7 | -11.7% |
| Germany | 10.3 | 36.0 | 51.0 | 36.9 | 53.0% |
| Lithuania | 1.3 | 5.9 | 8.8 | 16.3 | 132.3% |
| Others | 16.2 | 64.9 | 5.7 | 10.9 | -12.4% |
| Total | 418 | 525 | 969 | 774 | 22.8% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Estonia in 2022:
- Finland (28.2 tons)
- Netherlands (27.2 tons)
- Indonesia (25.0 tons)
- Latvia (7.1 tons)
- Sweden (6.4 tons)
- Germany (4.0 tons)
- Lithuania (3.8 tons)
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This report provides an in-depth analysis of the cinnamon market in Estonia.
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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 Estonia.
9396
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...
2656
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.
