Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Greece - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Greece (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Greece (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Greece
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Greece
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Greece (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $4,824 per ton, shrinking by -9.6% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 43%. Over the period under review, average import prices attained the maximum at $9,773 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Austria ($10,132 per ton), while the price for Vietnam ($2,746 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.8%), 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 Greece (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $5,580 per ton, waning by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24% against the previous year. As a result, the export price attained the peak level of $5,763 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($9,058 per ton), while the average price for exports to the Netherlands ($3,704 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 Romania (+13.2%), 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 Greece
In 2022, supplies from abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -9.6% to 182 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.1% 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 +52.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 32%.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground fell remarkably to $878K in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. As a result, imports attained the peak of $1.1M, and then shrank markedly in the following year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 105 | 184 | 294 | 251 | 33.7% |
| Italy | 110 | 112 | 209 | 165 | 14.5% |
| Sri Lanka | 132 | 106 | 136 | 164 | 7.5% |
| Netherlands | 107 | 96.3 | 91.5 | 92.4 | -4.8% |
| Spain | 45.1 | 66.2 | 93.7 | 74.2 | 18.1% |
| Austria | 91.9 | 119 | 83.3 | 68.0 | -9.6% |
| Poland | N/A | N/A | 23.9 | 29.3 | 22.6% |
| Indonesia | N/A | N/A | 54.5 | N/A | 0% |
| Others | 53.8 | 52.8 | 89.1 | 34.3 | -13.9% |
| Total | 645 | 737 | 1,075 | 878 | 10.8% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Greece in 2022:
- Vietnam (91.4 tons)
- Sri Lanka (25.3 tons)
- Italy (23.5 tons)
- Spain (13.0 tons)
- Netherlands (12.0 tons)
- Austria (6.7 tons)
- Poland (3.9 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Greece
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground exported from Greece soared to 22 tons, jumping by 39% against the previous year's figure. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.8% against 2019 indices. 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 soared to $125K in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.4% against 2019 indices. 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 Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 37.9 | 58.3 | 48.7 | 48.5 | 8.6% |
| Netherlands | 0.8 | 0.8 | 0.5 | 19.0 | 187.4% |
| Romania | 3.7 | 3.2 | 7.0 | 15.2 | 60.2% |
| Australia | N/A | N/A | N/A | 12.5 | 0% |
| Albania | 19.9 | 13.5 | 23.9 | 8.8 | -23.8% |
| Bulgaria | 2.5 | 0.9 | 1.9 | 6.9 | 40.3% |
| Ireland | 1.2 | 6.6 | 6.4 | 6.0 | 71.0% |
| Poland | N/A | N/A | N/A | 4.4 | 0% |
| Germany | 7.9 | 4.5 | 1.2 | 1.8 | -38.9% |
| Others | 8.9 | 7.3 | 2.4 | 1.4 | -46.0% |
| Total | 82.8 | 95.1 | 91.9 | 125 | 14.7% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Greece in 2022:
- Cyprus (8.5 tons)
- Netherlands (5.1 tons)
- Romania (2.1 tons)
- Albania (1.9 tons)
- Australia (1.4 tons)
- Poland (1.0 tons)
- Bulgaria (1.0 tons)
- Ireland (0.8 tons)
- Germany (0.3 tons)
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This report provides an in-depth analysis of the cinnamon market in Greece.
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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 Greece.
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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.
