Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Lithuania - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Lithuania (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Lithuania (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Lithuania
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Lithuania
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Lithuania (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $4,347 per ton, with an increase of 20% against the previous year. Overall, the import price enjoyed strong growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 31%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($19,484 per ton), while the price for Vietnam ($2,366 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Lithuania (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $4,407 per ton, surging by 18% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 increased by +49.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($9,003 per ton), while the average price for exports to Poland ($3,331 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 Sweden (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Lithuania
In 2022, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground into Lithuania rose rapidly to 89 tons, increasing by 6.2% compared with 2021. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $386K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 49.3 | 65.4 | 143 | 159 | 47.7% |
| Estonia | 60.1 | 81.8 | 88.1 | 100 | 18.5% |
| Germany | 2.2 | 8.2 | 5.2 | 40.7 | 164.5% |
| Netherlands | 2.2 | 1.0 | 2.8 | 27.3 | 131.5% |
| Sweden | 0.9 | 3.7 | 10.1 | 26.5 | 208.8% |
| Poland | 7.1 | 19.4 | 16.4 | 16.4 | 32.2% |
| Latvia | 11.9 | 20.6 | 19.9 | 13.7 | 4.8% |
| Spain | 51.7 | 24.6 | N/A | 0.2 | -84.3% |
| Others | 24.4 | 10.7 | 17.5 | 1.8 | -58.1% |
| Total | 210 | 235 | 303 | 386 | 22.5% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Lithuania in 2022:
- Vietnam (67.0 tons)
- Estonia (5.2 tons)
- Germany (4.6 tons)
- Netherlands (4.2 tons)
- Sweden (3.5 tons)
- Poland (2.6 tons)
- Latvia (1.4 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Lithuania
In 2022, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Lithuania shrank rapidly to 18 tons, dropping by -35.1% on 2021. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, the exports reached the peak of 28 tons, and then shrank notably in the following year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted rapidly to $79K in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.9% 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 +25.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, the exports attained the peak of $103K, and then plummeted in the following year.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 35.7 | 37.6 | 55.3 | 43.4 | 6.7% |
| Estonia | 6.8 | 6.9 | 10.8 | 19.8 | 42.8% |
| Ukraine | 1.0 | 1.6 | N/A | 3.4 | 50.4% |
| Sweden | N/A | N/A | 1.0 | 2.2 | 120.0% |
| Germany | N/A | N/A | 3.6 | 2.1 | -41.7% |
| Russia | 8.2 | 13.4 | 16.0 | 1.3 | -45.9% |
| Poland | N/A | N/A | 6.6 | 1.2 | -81.8% |
| Belarus | 8.1 | 6.3 | 0.1 | 0.5 | -60.5% |
| Others | 3.3 | 8.0 | 10.0 | 5.3 | 17.1% |
| Total | 63.1 | 73.9 | 103 | 79.3 | 7.9% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Lithuania in 2022:
- Latvia (11.0 tons)
- Estonia (4.2 tons)
- Germany (0.5 tons)
- Ukraine (0.4 tons)
- Poland (0.4 tons)
- Russia (0.4 tons)
- Sweden (0.3 tons)
- Belarus (0.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Lithuania.
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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 Lithuania.
9341
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...
2633
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
9567
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
