Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kenya - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kenya (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kenya (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kenya
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kenya
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kenya (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $1,278 per ton, dropping by -48.3% against the previous year. Overall, the import price showed a mild decline. The pace of growth appeared the most rapid in 2020 an increase of 135%. As a result, import price reached the peak level of $4,695 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,633 per ton), while the price for China amounted to $1,276 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+30.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kenya (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $6,548 per ton in 2022, standing approx. at the previous year. Overall, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 117% against the previous year. Over the period under review, the average export prices hit record highs at $7,690 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($8,096 per ton), while the average price for exports to South Sudan totaled $1,507 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+38.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kenya
In 2022, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground into Kenya skyrocketed to 110 tons, with an increase of 148% on the previous year. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground surged to $141K in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.1% 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 -0.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 50%. As a result, imports attained the peak of $142K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 89.5 | 55.4 | 75.5 | 140 | 16.1% |
| Others | 5.5 | 86.8 | 34.4 | 0.8 | -47.4% |
| Total | 95.0 | 142 | 110 | 141 | 14.1% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Kenya in 2022:
- China (109.9 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kenya
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground exported from Kenya soared to 17 tons, increasing by 25% on 2021 figures. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.0% 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 +90.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $113K in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 32%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 110 | 66.9 | 88.0 | 107 | -0.9% |
| South Sudan | 0.6 | 1.0 | 1.9 | 6.1 | 116.6% |
| Others | 1.1 | 1.2 | 1.1 | 0.3 | -35.2% |
| Total | 111 | 69.1 | 91.0 | 113 | 0.6% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Kenya in 2022:
- Uganda (13.2 tons)
- South Sudan (4.0 tons)
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This report provides an in-depth analysis of the cinnamon market in Kenya.
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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 Kenya.
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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
1105
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2651
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
9633
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
