Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ghana - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ghana (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ghana (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ghana
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ghana
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ghana (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $6,590 per ton, dropping by -6.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36% against the previous year. As a result, import price attained the peak level of $7,054 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($15,144 per ton), while the price for the United States ($376 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.0%), 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 Ghana (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $3,200 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price saw perceptible growth. The pace of growth appeared the most rapid in 2021 a decrease of 99.9%. The export price peaked at $4,400 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2015 to 2022, the rate of growth in terms of prices for the United States amounted to 0.0% per year.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ghana
Imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground into Ghana skyrocketed to 619 kg in 2022, picking up by 111% compared with the previous year's figure. In general, imports, however, saw a sharp shrinkage.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $4.1K in 2022. Overall, imports, however, showed a deep setback.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4,920 | 7,172 | 1,724 | 3,271 | -12.7% |
| United Kingdom | 395 | 576 | 139 | 263 | -12.7% |
| Netherlands | 11.0 | 83.0 | 19.0 | 128 | 126.6% |
| India | 111 | 295 | 14.0 | 116 | 1.5% |
| United Arab Emirates | 320 | 3,176 | 59.0 | 93.0 | -33.8% |
| United States | 151 | 190 | 40.0 | 65.0 | -24.5% |
| Lebanon | 55.0 | 72.0 | 16.0 | 27.0 | -21.1% |
| France | 25.0 | 37.0 | 9.0 | 17.0 | -12.1% |
| Sri Lanka | 591 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 46.0 | N/A | N/A | N/A | 0% |
| Others | 174 | 229 | 54.0 | 99.0 | -17.1% |
| Total | 6,799 | 11,830 | 2,074 | 4,079 | -15.7% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Ghana in 2022:
- Germany (216.0 kg)
- United States (173.0 kg)
- United Kingdom (94.0 kg)
- India (24.0 kg)
- Netherlands (24.0 kg)
- France (24.0 kg)
- Lebanon (23.0 kg)
- United Arab Emirates (21.0 kg)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ghana
In 2022, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Ghana stood at 5 kg, standing approx. at the previous year. In general, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $16 in 2022. Over the period under review, exports saw a deep contraction. The smallest decline of 99.9% was in 2021.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Kingdom | N/A | N/A | 16.0 | 0% | |
| Finland | 22.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 22.0 | N/A | 16.0 | -14.7% | |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Ghana in 2022:
- United Kingdom (5.0 kg)
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