Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Indonesia - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Indonesia (FOB) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Indonesia (CIF) - 2022
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Indonesia
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Indonesia
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Indonesia (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $4,704 per ton in March 2022, growing by 4% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2021 when the average export price increased by 8.9% against the previous month. As a result, the export price attained the peak level of $5,035 per ton. From May 2021 to March 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In March 2022, the country with the highest price was Australia ($9,340 per ton), while the average price for exports to India ($2,000 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.5%), 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 Indonesia (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $3,706 per ton in 2022, with an increase of 23% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground increased by +50.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 59%. As a result, import price reached the peak level of $5,887 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +1.8% per year.
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Indonesia
Exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Indonesia dropped markedly to 11K tons in 2022, shrinking by -25.3% against 2021 figures. Over the period under review, exports continue to indicate a sharp slump. The smallest decline of -9.8% was in 2020.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground dropped dramatically to $52M in 2022. Overall, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 0.7%. As a result, the exports attained the peak of $79M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 54.9 | 54.6 | 44.7 | 34.8 | -14.1% |
| Netherlands | 3.5 | 6.8 | 5.8 | 3.9 | 3.7% |
| India | 1.1 | 1.2 | 1.8 | 3.6 | 48.5% |
| Sweden | 1.5 | 1.9 | 2.3 | 1.8 | 6.3% |
| Australia | 1.2 | 0.7 | 1.4 | 1.3 | 2.7% |
| Canada | 1.6 | 1.4 | 1.3 | 1.0 | -14.5% |
| Vietnam | 3.6 | 1.7 | 3.3 | 0.7 | -42.1% |
| France | 1.6 | 3.3 | 0.8 | 0.3 | -42.8% |
| Brazil | 1.0 | 1.3 | 1.0 | N/A | 0.0% |
| Others | 8.2 | 5.9 | 7.2 | 4.8 | -16.3% |
| Total | 78.2 | 78.8 | 69.5 | 52.2 | -12.6% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Indonesia in 2022:
- United States (7.6K tons)
- Netherlands (0.8K tons)
- India (0.7K tons)
- Australia (0.3K tons)
- Sweden (0.3K tons)
- Canada (0.2K tons)
- Vietnam (0.2K tons)
- France (0.1K tons)
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Indonesia
After three years of growth, supplies from abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -51.9% to 583 tons in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 662%.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground declined rapidly to $2.2M in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 842% against the previous year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 0.7 | 3.4 | 2.1 | 73.2% |
| Sweden | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 0.1 | 0.8 | 3.6 | 2.2 | 180.2% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Indonesia in 2022:
- Vietnam (581.1 tons)
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