Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Germany - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Germany (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Germany (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Germany
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Germany
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Germany (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $4,930 per ton, approximately mirroring the previous year. Overall, the import price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 22%. The import price peaked at $4,996 per ton in 2021, and then dropped slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($7,541 per ton), while the price for Madagascar ($2,445 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Germany (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $7,048 per ton, reducing by -8.5% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 2020 an increase of 20% against the previous year. Over the period under review, the average export prices attained the peak figure at $7,701 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($11,956 per ton), while the average price for exports to Israel ($2,670 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 Sweden (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Germany
For the fourth consecutive year, Germany recorded growth in purchases abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground, which increased by 5.2% to 2.9K tons in 2022. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 7%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground expanded slightly to $14M in 2022. The total import value increased at an average annual rate of +10.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.5 | 4.6 | 4.9 | 4.1 | 17.9% |
| Vietnam | 1.1 | 1.8 | 2.5 | 3.2 | 42.8% |
| China | 1.7 | 1.6 | 2.2 | 2.9 | 19.5% |
| Sri Lanka | 1.1 | 0.7 | 1.2 | 1.0 | -3.1% |
| Indonesia | 2.2 | 1.3 | 1.4 | 0.9 | -25.8% |
| Italy | N/A | N/A | 0.1 | 0.3 | 200.0% |
| France | 0.1 | 0.2 | 0.5 | 0.3 | 44.2% |
| Madagascar | 1.5 | 0.2 | 0.1 | 0.1 | -59.5% |
| Others | 0.6 | 1.1 | 0.9 | 1.4 | 32.6% |
| Total | 10.7 | 11.5 | 13.7 | 14.2 | 9.9% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Germany in 2022:
- Netherlands (774.4 tons)
- Vietnam (758.2 tons)
- China (693.8 tons)
- Indonesia (188.4 tons)
- Sri Lanka (132.2 tons)
- Italy (70.9 tons)
- France (67.5 tons)
- Madagascar (36.6 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Germany
For the fourth consecutive year, Germany recorded growth in shipments abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground, which increased by 12% to 1.5K tons in 2022. The total export volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports reached 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 expanded slightly to $11M in 2022. The total export value increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 20% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,018 | 559 | 803 | 2,431 | 33.7% |
| Austria | 1,093 | 1,222 | 1,098 | 922 | -5.5% |
| Denmark | 635 | 1,002 | 1,110 | 850 | 10.2% |
| Netherlands | 284 | 365 | 622 | 622 | 29.9% |
| Switzerland | 301 | 683 | 742 | 619 | 27.2% |
| France | 790 | 937 | 1,041 | 616 | -8.0% |
| United Kingdom | 509 | 751 | 506 | 523 | 0.9% |
| Spain | 313 | 440 | 470 | 492 | 16.3% |
| Sweden | 402 | 513 | 417 | 433 | 2.5% |
| United States | 199 | 302 | 186 | 356 | 21.4% |
| Italy | 270 | 326 | 518 | 339 | 7.9% |
| Czech Republic | 170 | 192 | 221 | 187 | 3.2% |
| Israel | 34.3 | N/A | N/A | 81.6 | 33.5% |
| Others | 2,395 | 2,787 | 2,750 | 2,308 | -1.2% |
| Total | 8,415 | 10,079 | 10,482 | 10,780 | 8.6% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Germany in 2022:
- Poland (514.4 tons)
- Denmark (125.9 tons)
- Austria (94.9 tons)
- France (92.5 tons)
- United Kingdom (82.0 tons)
- Netherlands (70.5 tons)
- Spain (52.5 tons)
- Switzerland (51.8 tons)
- Sweden (48.2 tons)
- United States (42.0 tons)
- Czech Republic (39.3 tons)
- Italy (33.1 tons)
- Israel (30.6 tons)
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This report provides an in-depth analysis of the cinnamon market in Germany.
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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 Germany.
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This report provides an in-depth analysis of the global cinnamon market.
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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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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
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2632
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.
