Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Russia - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Russia (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Russia (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Russia
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Russia
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Russia (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $4,206 per ton in 2022, picking up by 22% against the previous year. Over the period under review, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 29% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($6,837 per ton), while the price for India ($1,332 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.2%), 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 Russia (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3,833 per ton, rising by 26% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 31%. The export price peaked at $7,870 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($5,813 per ton), while the average price for exports to Belarus ($2,921 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 Tajikistan (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Russia
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground imported into Russia soared to 1.6K tons, rising by 58% on 2021 figures. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $6.9M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,594 | 1,834 | 1,718 | 3,675 | 32.1% |
| Vietnam | 689 | 948 | 1,121 | 1,663 | 34.1% |
| Netherlands | 432 | 169 | 247 | 1,405 | 48.2% |
| India | 50.5 | 73.2 | 56.2 | 58.0 | 4.7% |
| Others | 342 | 372 | 423 | 81.8 | -37.9% |
| Total | 3,108 | 3,396 | 3,566 | 6,882 | 30.3% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Russia in 2022:
- Vietnam (692.8 tons)
- Indonesia (681.2 tons)
- Netherlands (205.4 tons)
- India (43.5 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Russia
In 2022, overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -54.1% to 69 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 30% against the previous year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted remarkably to $263K in 2022. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 48%. As a result, the exports attained the peak of $470K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 169 | 223 | 235 | 111 | -13.1% |
| Kazakhstan | 81.7 | 138 | 115 | 77.3 | -1.8% |
| Ukraine | 42.8 | 59.3 | 54.5 | 39.5 | -2.6% |
| Tajikistan | 0.3 | 0.8 | 1.8 | 8.9 | 209.6% |
| Kyrgyzstan | 4.7 | 9.5 | 7.7 | 8.2 | 20.4% |
| Others | 19.9 | 38.9 | 38.6 | 17.5 | -4.2% |
| Total | 318 | 470 | 453 | 263 | -6.1% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Russia in 2022:
- Belarus (38.1 tons)
- Kazakhstan (14.9 tons)
- Ukraine (8.6 tons)
- Tajikistan (2.4 tons)
- Kyrgyzstan (1.4 tons)
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This report provides an in-depth analysis of the cinnamon market in the Russian Federation.
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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 the Russian Federation.
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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...
2632
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.
