Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Romania - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Romania (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Romania (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Romania
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Romania
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Romania (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $5,333 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 53%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($10,265 per ton), while the price for Indonesia ($1,705 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+22.1%), 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 Romania (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $8,291 per ton, shrinking by -9.9% against the previous year. Over the period under review, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of 48% against the previous year. The export price peaked at $9,204 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($19,732 per ton), while the average price for exports to Greece ($1,934 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 Italy (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Romania
Imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground into Romania was estimated at 272 tons in 2022, therefore, remained relatively stable against the previous year's figure. The total import volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 35%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground expanded modestly to $1.4M in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 127 | 205 | 449 | 588 | 66.7% |
| China | N/A | 121 | 284 | 237 | 40.0% |
| Germany | 372 | 166 | 234 | 184 | -20.9% |
| Vietnam | 104 | 68.6 | 110 | 134 | 8.8% |
| Austria | 81.5 | 84.4 | 108 | 90.0 | 3.4% |
| Latvia | 6.5 | 33.6 | 35.2 | 46.7 | 93.0% |
| Hungary | 21.9 | 22.4 | 29.9 | 37.0 | 19.1% |
| Netherlands | 58.2 | 63.4 | 49.7 | 31.3 | -18.7% |
| Indonesia | N/A | 7.2 | 3.4 | 15.0 | 44.3% |
| Others | 50.5 | 82.2 | 117 | 85.4 | 19.1% |
| Total | 822 | 853 | 1,420 | 1,450 | 20.8% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Romania in 2022:
- China (70.5 tons)
- Poland (58.7 tons)
- Vietnam (57.1 tons)
- Germany (28.1 tons)
- Latvia (14.7 tons)
- Indonesia (8.8 tons)
- Austria (8.8 tons)
- Hungary (7.1 tons)
- Netherlands (7.0 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Romania
In 2022, approx. 28 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were exported from Romania; declining by -39.9% on 2021 figures. Over the period under review, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 111%. As a result, the exports reached the peak of 47 tons, and then contracted rapidly in the following year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted sharply to $233K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 124% against the previous year. As a result, the exports attained the peak of $430K, and then contracted rapidly in the following year.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 72.9 | 27.9 | 128 | 67.7 | -2.4% |
| Germany | 86.7 | 83.4 | 160 | 50.9 | -16.3% |
| Finland | N/A | N/A | N/A | 41.9 | 0% |
| Hungary | 25.3 | 9.6 | 27.2 | 23.8 | -2.0% |
| Moldova | 16.0 | 22.1 | 23.6 | 19.2 | 6.3% |
| United Kingdom | 4.9 | 8.6 | 22.0 | 17.7 | 53.4% |
| France | 15.6 | 22.2 | 41.9 | 1.1 | -58.7% |
| Greece | 0.3 | 0.2 | 6.7 | 1.1 | 54.2% |
| Others | 9.6 | 18.2 | 20.1 | 9.7 | 0.3% |
| Total | 231 | 192 | 430 | 233 | 0.3% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Romania in 2022:
- Finland (8.1 tons)
- Germany (6.6 tons)
- Hungary (5.5 tons)
- Italy (4.1 tons)
- Moldova (1.5 tons)
- United Kingdom (0.9 tons)
- Greece (0.6 tons)
- France (0.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Romania.
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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 Romania.
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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.
