Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Norway - 2024
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Norway (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Norway (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Norway
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Norway
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Norway (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $10,459 per ton in 2022, growing by 2.8% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground increased by +80.9% against 2015 indices. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. The import price peaked in 2022 and is likely to continue 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 Sri Lanka ($21,108 per ton), while the price for Vietnam ($5,211 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+15.8%), 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 Norway (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $23,196 per ton in 2022, reducing by -21.9% against the previous year. In general, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 141%. The export price peaked at $29,685 per ton in 2021, and then reduced notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($30,657 per ton), while the average price for exports to Denmark amounted to $8,452 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+59.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Norway
In 2022, overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -1.6% to 138 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports attained the peak of 153 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 amounted to $1.4M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 13%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 750 | 934 | 1,063 | 1,072 | 12.6% |
| Sri Lanka | 107 | 84.1 | 97.0 | 117 | 3.0% |
| Vietnam | 56.8 | 54.7 | 95.9 | 73.5 | 9.0% |
| Denmark | 1.0 | 19.0 | 54.4 | 44.1 | 253.3% |
| Germany | 95.4 | 122 | 30.4 | 40.4 | -24.9% |
| China | 21.6 | 21.6 | 30.2 | 31.8 | 13.8% |
| Estonia | N/A | N/A | N/A | 19.8 | 0% |
| Netherlands | 130 | 52.5 | 10.3 | 10.8 | -56.4% |
| Others | 48.0 | 84.0 | 51.6 | 38.5 | -7.1% |
| Total | 1,210 | 1,372 | 1,433 | 1,448 | 6.2% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Norway in 2022:
- Indonesia (96.3 tons)
- Vietnam (14.1 tons)
- Sri Lanka (5.5 tons)
- Germany (5.3 tons)
- China (4.1 tons)
- Denmark (3.3 tons)
- Estonia (2.3 tons)
- Netherlands (1.5 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Norway
In 2022, overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -84.2% to 250 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,774%.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted markedly to $5.8K in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 6,826%.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.1 | 8.4 | 46.5 | 5.1 | 270.8% |
| Denmark | N/A | N/A | 0.6 | 0.7 | 16.7% |
| Germany | N/A | 1.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.1 | 10.0 | 47.1 | 5.8 | 287.1% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Norway in 2022:
- Sweden (166.0 kg)
- Denmark (84.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Norway.
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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 Norway.
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This report provides an in-depth analysis of the global cinnamon market.
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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
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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
9583
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
