Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Japan - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Japan (CIF) - 2023
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Japan (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Japan
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Japan
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Japan (CIF) - 2023
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $4,176 per ton in November 2023, with a decrease of -7% against the previous month. In general, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in February 2023 an increase of 117% month-to-month. The import price peaked at $9,487 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Sri Lanka ($10,991 per ton), while the price for China ($3,407 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Japan (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $13,370 per ton in 2022, approximately mirroring the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 a decrease of 99.9% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($28,000 per ton), while the average price for exports to Finland ($1,000 per ton) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+37.2%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Japan
In 2022, approx. 548 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were imported into Japan; almost unchanged from 2021 figures. Over the period under review, imports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 9.1% against the previous year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground expanded to $3.3M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 766 | 683 | 949 | 963 | 7.9% |
| Vietnam | 467 | 477 | 709 | 824 | 20.8% |
| China | 865 | 846 | 801 | 754 | -4.5% |
| Sri Lanka | 596 | 669 | 643 | 687 | 4.9% |
| Indonesia | 8.4 | 32.8 | 51.0 | 55.7 | 87.9% |
| Others | 47.3 | 54.3 | 69.6 | 41.1 | -4.6% |
| Total | 2,749 | 2,762 | 3,223 | 3,325 | 6.5% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Japan in 2022:
- China (226.1 tons)
- Vietnam (157.0 tons)
- Malaysia (106.9 tons)
- Sri Lanka (41.7 tons)
- Indonesia (11.0 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Japan
Exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Japan stood at 100 kg in 2022, flattening at the previous year's figure. In general, exports saw a significant curtailment. The smallest decline of 99.9% was in 2021.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $1.3K in 2022. Overall, exports continue to indicate a precipitous decline. The smallest decline of 99.9% was in 2021.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Japan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Singapore | 1,003 | N/A | 610 | -22.0% | |
| Taiwan (Chinese) | 188 | N/A | 45.0 | -51.1% | |
| South Korea | 744 | N/A | 28.0 | -80.6% | |
| Canada | 67.0 | N/A | 15.0 | -52.7% | |
| Cambodia | 60.0 | N/A | 7.0 | -65.8% | |
| Czech Republic | N/A | N/A | 1.0 | 0% | |
| Finland | N/A | N/A | 1.0 | 0% | |
| Vietnam | 450 | N/A | N/A | 0% | |
| Others | 159 | N/A | 630 | 99.1% | |
| Total | 2,671 | N/A | 1,337 | -29.2% | |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Japan in 2022:
- Singapore (37.0 kg)
- Canada (9.0 kg)
- Taiwan (Chinese) (9.0 kg)
- Czech Republic (1.0 kg)
- Finland (1.0 kg)
- Cambodia (1.0 kg)
- South Korea (1.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Japan.
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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 Japan.
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This report provides an in-depth analysis of the global cinnamon market.
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In April 2023, the Cinnamon price rose to $5,824 per ton (CIF, Japan), marking a 17% increase compared to the previous month.
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
