Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Oman - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Oman (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Oman (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Oman
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Oman
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Oman (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3,286 per ton, increasing by 38% against the previous year. In general, the import price posted a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 60%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bahrain ($7,035 per ton), while the price for India ($2,300 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+20.6%), 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 Oman (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $2,919 per ton in 2022, rising by 192% against the previous year. Overall, the export price, however, recorded a slight slump. The export price peaked at $3,239 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($3,011 per ton), while the average price for exports to the United Arab Emirates amounted to $2,540 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+3.8%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Oman
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 -64.3% to 63 tons. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 158% against the previous year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground declined significantly to $208K in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 172% against the previous year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 72.7 | 101 | 187 | 84.0 | 4.9% |
| Sri Lanka | 8.4 | 84.0 | 115 | 62.7 | 95.4% |
| Kuwait | 7.1 | 48.8 | 69.4 | 36.4 | 72.4% |
| Bahrain | 0.8 | 9.6 | 25.6 | 12.6 | 150.7% |
| United States | 0.7 | 1.4 | 2.8 | 4.1 | 80.3% |
| Others | 5.3 | 13.7 | 23.4 | 7.9 | 14.2% |
| Total | 95.1 | 259 | 423 | 208 | 29.8% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Oman in 2022:
- United Arab Emirates (36.2 tons)
- Sri Lanka (17.8 tons)
- Kuwait (5.2 tons)
- Bahrain (1.8 tons)
- United States (1.3 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Oman
In 2022, overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -60.6% to 12 tons, falling for the second consecutive year after two years of growth. In general, exports saw a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 51%. As a result, the exports attained the peak of 39 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $35K in 2022. Overall, exports faced a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 52%. As a result, the exports attained the peak of $94K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 57.6 | 45.3 | 18.5 | 29.3 | -20.2% |
| United Arab Emirates | 4.2 | 4.8 | 5.1 | 6.0 | 12.6% |
| Yemen | N/A | 0.7 | 7.2 | N/A | 928.6% |
| Somalia | N/A | 43.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 61.8 | 93.9 | 30.7 | 35.4 | -17.0% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Oman in 2022:
- Qatar (9.7 tons)
- United Arab Emirates (2.4 tons)
396
This report provides an in-depth analysis of the cinnamon market in Oman.
9360
This report provides an in-depth analysis of the global cinnamon market.
396
This report provides an in-depth analysis of the cinnamon market in Oman.
9360
This report provides an in-depth analysis of the global cinnamon market.
1093
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2638
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
9586
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3882
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.
4431
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.
2879
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
2258
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
1093
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2638
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
9586
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
