Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Israel - 2024
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Israel (FOB) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Israel (CIF) - 2022
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Israel
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Israel
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Israel (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $6,349 per ton, dropping by -7.2% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -20.3% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices hit record highs at $7,962 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,349 per ton), while the average price for exports to Serbia ($6,349 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 the United States (+5.2%).
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Israel (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $5,639 per ton, increasing by 7.2% against the previous year. In general, the import price showed resilient growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32%. The import price peaked in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($5,640 per ton) and India ($5,639 per ton), while the price for the UK ($5,638 per ton) and Vietnam ($5,638 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Israel
In 2022, approx. 209 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were exported from Israel; with an increase of 64% against 2021 figures. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 114%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $1.3M in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 74%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 613 | 1,041 | 824 | 1,120 | 22.3% |
| Poland | 31.0 | 80.0 | 49.0 | 164 | 74.2% |
| Serbia | N/A | N/A | N/A | 44.0 | 0% |
| Others | 1.0 | N/A | N/A | 2.0 | 26.0% |
| Total | 645 | 1,121 | 873 | 1,330 | 27.3% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Israel in 2022:
- United States (176.4 tons)
- Poland (25.8 tons)
- Serbia (6.9 tons)
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Israel
Imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground into Israel dropped significantly to 45 tons in 2022, declining by -39.1% compared with the year before. Overall, imports recorded a significant contraction. The smallest decline of -8% was in 2020.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank markedly to $256K in 2022. Over the period under review, imports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 2.1% against the previous year. As a result, imports attained the peak of $529K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 12.0 | 30.0 | 46.0 | 56.0 | 67.1% |
| United Kingdom | N/A | N/A | N/A | 51.0 | 0% |
| China | N/A | 54.0 | 52.0 | 43.0 | -10.8% |
| Hong Kong SAR | N/A | N/A | N/A | 35.0 | 0% |
| Sri Lanka | 6.0 | 16.0 | 33.0 | 26.0 | 63.0% |
| Vietnam | 118 | 121 | 122 | 22.0 | -42.9% |
| Italy | 6.0 | 13.0 | 18.0 | 10.0 | 18.6% |
| Indonesia | 368 | 288 | 85.0 | N/A | -51.9% |
| Others | 8.0 | 7.0 | 36.0 | 13.0 | 17.6% |
| Total | 518 | 529 | 392 | 256 | -20.9% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Israel in 2022:
- India (9.9 tons)
- United Kingdom (9.0 tons)
- China (7.6 tons)
- Hong Kong SAR (6.2 tons)
- Sri Lanka (4.6 tons)
- Vietnam (3.9 tons)
- Italy (1.8 tons)
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This report provides an in-depth analysis of the cinnamon market in Israel.
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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 Israel.
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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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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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In 2015, the countries with the highest levels of cinnamon production in 2015 were Indonesia (X thousand tons), China (X thousand tons), Vietnam (X thousand tons), together accounting for X% of total output.
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Cinnamon production reached X thousand tons in 2016, with a positive dynamic being recorded over the last few years, except for a slight decline in 2010.
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Cinnamon is one of the most common spices today. It can be used in cooking, when added to salads, soups, or beverages (cinnamon flavored tea is very popular nowadays), or pharmaceutical industry. Besides, it is one of the most repeatedly used additives
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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
1085
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
9551
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
