Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ethiopia - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ethiopia (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ethiopia (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ethiopia
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ethiopia
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ethiopia (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $5,707 per ton in 2022, with an increase of 50% against the previous year. Over the period under review, the import price saw significant growth. The pace of growth was the most pronounced in 2018 an increase of 105% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($5,750 per ton), while the price for China stood at $4,503 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ethiopia (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3,520 per ton, dropping by -64.6% against the previous year. In general, the export price, however, recorded a mild increase. The most prominent rate of growth was recorded in 2017 an increase of 122% against the previous year. As a result, the export price reached the peak level of $10,056 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Djibouti amounted to +10.4% per year.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ethiopia
For the third consecutive year, Ethiopia recorded decline in overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground, which decreased by -38.2% to 17 tons in 2022. Over the period under review, imports saw a precipitous decline.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground declined to $95K in 2022. Overall, imports recorded a precipitous decline.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 33.3 | 6.5 | 9.5 | 93.3 | 41.0% |
| China | 502 | 99.6 | 81.6 | 1.4 | -85.9% |
| India | 49.5 | 3.8 | 3.7 | N/A | -72.7% |
| United Arab Emirates | 33.0 | 5.4 | 3.6 | N/A | -67.0% |
| Others | 14.3 | 9.8 | 3.5 | N/A | -50.5% |
| Total | 632 | 125 | 102 | 94.7 | -46.9% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Ethiopia in 2022:
- Egypt (16.2 tons)
- China (0.3 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ethiopia
Exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Ethiopia fell remarkably to 25 kg in 2022, with a decrease of -96.3% on the previous year. Over the period under review, exports saw a precipitous descent. The smallest decline of -26.2% was in 2021.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted sharply to $88 in 2022. In general, exports showed a precipitous contraction. The smallest decline of -22.8% was in 2021.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.9 | 3.3 | 0.2 | 0.1 | -51.9% |
| Djibouti | 14.6 | 4.7 | 6.5 | N/A | -33.3% |
| Others | 0.2 | 0.7 | N/A | N/A | 250.0% |
| Total | 15.7 | 8.7 | 6.7 | 0.1 | -81.5% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Ethiopia in 2022:
- United States (25.0 kg)
133
This report provides an in-depth analysis of the cinnamon market in Ethiopia.
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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 Ethiopia.
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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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