Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kazakhstan - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kazakhstan (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kazakhstan (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kazakhstan
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kazakhstan
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kazakhstan (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $3,460 per ton in 2022, surging by 6.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 16% against the previous year. The import price peaked at $3,593 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($3,684 per ton), while the price for Vietnam ($2,510 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.9%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kazakhstan (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $7,434 per ton in 2022, approximately reflecting the previous year. Overall, the export price recorded a slight slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 16%. The export price peaked at $8,333 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($12,200 per ton), while the average price for exports to Turkmenistan ($1,111 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 Russia (+0.8%).
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kazakhstan
In 2022, approx. 56 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were imported into Kazakhstan; picking up by 28% against the previous year. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 82% against the previous year. As a result, imports attained the peak of 60 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $195K in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 111% against the previous year. As a result, imports reached the peak of $200K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kazakhstan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 79.1 | 176 | 121 | 154 | 24.9% |
| Indonesia | 1.0 | 3.5 | 5.6 | 35.7 | 229.3% |
| Vietnam | 2.6 | 9.2 | 9.6 | 2.5 | -1.3% |
| Latvia | 1.4 | 1.5 | 0.8 | N/A | -24.4% |
| Others | 11.0 | 10.1 | 6.0 | 2.9 | -35.9% |
| Total | 95.1 | 200 | 144 | 195 | 27.0% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Kazakhstan in 2022:
- Russia (41.8 tons)
- Indonesia (13.0 tons)
- Vietnam (1.0 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kazakhstan
In 2022, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Kazakhstan surged to 113 kg, jumping by 36% against the previous year. Overall, exports, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 63%.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $840 in 2022. In general, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 87%.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kazakhstan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,235 | 234 | 542 | 696 | -17.4% |
| Kyrgyzstan | 88.0 | 101 | 22.0 | 122 | 11.5% |
| Turkmenistan | N/A | N/A | N/A | 20.0 | 0% |
| Uzbekistan | 187 | N/A | N/A | N/A | 0% |
| Belarus | N/A | N/A | 61.0 | N/A | 0% |
| Others | N/A | N/A | N/A | 2.0 | 0% |
| Total | 1,510 | 335 | 625 | 840 | -17.8% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Kazakhstan in 2022:
- Russia (84.0 kg)
- Turkmenistan (18.0 kg)
- Kyrgyzstan (10.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Kazakhstan.
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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 Kazakhstan.
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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.
