Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Myanmar - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Myanmar (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Myanmar (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Myanmar
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Myanmar
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Myanmar (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $32,900 per ton, surging by 380% against the previous year. In general, the import price saw significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +128.5% per year.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Myanmar (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $314 per ton, reducing by -2% against the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The export price peaked at $320 per ton in 2021, and then fell modestly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($3,000 per ton), while the average price for exports to Mauritius amounted to $260 per ton.
From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (-18.8%).
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Myanmar
In 2022, overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -91.6% to 40 kg, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 178% against the previous year. As a result, imports attained the peak of 10 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted remarkably to $1.3K in 2022. In general, imports faced a dramatic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 585% against the previous year. As a result, imports reached the peak of $43K. 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 Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.1 | 2.3 | 2.0 | 1.3 | -14.8% |
| Indonesia | N/A | 39.2 | N/A | N/A | 0% |
| Sri Lanka | 4.2 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.8 | 1.2 | N/A | -33.3% |
| Total | 6.3 | 43.2 | 3.3 | 1.3 | -40.9% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Myanmar in 2022:
- Australia (40.0 kg)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Myanmar
In 2022, approx. 51 kg of spices; cinnamon and cinnamon-tree flowers, crushed or ground were exported from Myanmar; dropping by -49% compared with the year before. Overall, exports saw a significant curtailment.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank rapidly to $16 in 2022. In general, exports faced a sharp contraction.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Myanmar (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Mauritius | 32.0 | 13.0 | -59.4% | ||
| Ireland | N/A | 3.0 | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 32.0 | 16.0 | -50.0% | ||
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Myanmar in 2022:
- Mauritius (50.0 kg)
- Ireland (1.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Myanmar.
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This report provides an in-depth analysis of the global cinnamon market.
723
This report provides an in-depth analysis of the cinnamon market in Myanmar.
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This report provides an in-depth analysis of the global cinnamon market.
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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
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2636
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.
