Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Morocco - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Morocco (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Morocco (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Morocco
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Morocco
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Morocco (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $5,948 per ton in 2022, picking up by 44% against the previous year. Over the period under review, the import price showed significant growth. The pace of growth appeared the most rapid in 2018 an increase of 128% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.
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 Madagascar ($13,616 per ton), while the price for China ($2,796 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+31.5%), 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 Morocco (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $8,000 per ton, with an increase of 50% against the previous year. Overall, the export price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 233% against the previous year. As a result, the export price reached the peak level of $43,482 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
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 Germany ($38,500 per ton), while the average price for exports to Cabo Verde ($3,700 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 Canada (+1.0%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Morocco
In 2022, supplies from abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -9.2% to 8.3 tons, falling for the second year in a row after two years of growth. In general, imports showed a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of 160%. As a result, imports attained the peak of 69 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 surged to $50K in 2022. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 158% against the previous year. As a result, imports attained the peak of $170K. 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 Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 5.2 | 10.8 | 6.5 | 24.5 | 67.6% |
| Vietnam | 38.3 | 140 | 10.2 | 14.4 | -27.8% |
| Madagascar | 1.4 | 1.0 | 1.3 | 3.7 | 38.3% |
| Spain | 0.7 | 16.8 | 7.1 | 2.5 | 52.9% |
| India | 0.3 | 0.4 | 0.3 | 1.5 | 71.0% |
| China | 15.6 | N/A | 10.1 | 0.3 | -73.2% |
| Others | 4.5 | 1.6 | 2.4 | 2.9 | -13.6% |
| Total | 66.1 | 170 | 38.0 | 49.6 | -9.1% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Morocco in 2022:
- Vietnam (5.1 tons)
- Indonesia (2.0 tons)
- Spain (0.5 tons)
- Madagascar (0.3 tons)
- India (0.2 tons)
- China (0.1 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Morocco
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground exported from Morocco declined markedly to 214 kg, with a decrease of -93.7% on the previous year. Overall, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 922% against the previous year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground dropped notably to $1.7K in 2022. Over the period under review, exports showed a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 896% against the previous year. As a result, the exports attained the peak of $18K, and then declined dramatically in the following year.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cabo Verde | N/A | N/A | N/A | 0.5 | 0% |
| New Caledonia | N/A | N/A | N/A | 0.4 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 0.3 | 0% |
| Germany | N/A | N/A | N/A | 0.2 | 0% |
| Cote d'Ivoire | N/A | N/A | N/A | 0.2 | 0% |
| Spain | 13.0 | 1.3 | 16.7 | N/A | 13.3% |
| United States | N/A | N/A | 1.1 | N/A | 0% |
| Others | 0.4 | 0.5 | 0.3 | N/A | -13.4% |
| Total | 13.4 | 1.8 | 18.1 | 1.7 | -49.8% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Morocco in 2022:
- Cabo Verde (140.0 kg)
- New Caledonia (40.0 kg)
- United Arab Emirates (15.0 kg)
- Cote d'Ivoire (13.0 kg)
- Germany (4.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Morocco.
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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 Morocco.
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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...
2637
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.
