Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Nepal - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Nepal (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Nepal (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Nepal
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Nepal
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Nepal (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $2,617 per ton, rising by 22% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 51%. As a result, import price reached the peak level of $2,890 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
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 India ($3,353 per ton), while the price for China amounted to $1,956 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.4%).
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Nepal (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $12,895 per ton in 2022, with an increase of 81% against the previous year. Over the period under review, the export price posted a prominent increase. Over the period under review, the average export prices attained the peak figure at $14,897 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +22.0% per year.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Nepal
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground, when their volume decreased by -10% to 23 tons. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 1,976%. As a result, imports attained the peak of 25 tons, and then dropped in the following year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground expanded significantly to $60K in 2022. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 1,474% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 0.1 | 4.3 | 36.1 | 1800.0% |
| China | 0.9 | 3.3 | 50.0 | 23.5 | 196.7% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 1.0 | 3.5 | 54.4 | 59.6 | 290.6% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Nepal in 2022:
- China (12.0 tons)
- India (10.8 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Nepal
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground, when their volume decreased by -49.4% to 305 kg. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 53%. As a result, the exports attained the peak of 603 kg, and then fell rapidly in the following year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted to $3.9K in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.8 | 1.3 | 1.9 | 3.9 | 69.6% |
| India | 0.2 | 0.4 | 0.6 | N/A | 73.2% |
| Germany | 0.7 | 1.2 | 1.7 | N/A | 55.8% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.9 | 2.9 | 4.3 | 3.9 | 27.1% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Nepal in 2022:
- Japan (305.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Nepal.
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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 Nepal.
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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
1089
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
9573
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
