Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Slovakia - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Slovakia (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Slovakia (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Slovakia
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Slovakia
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Slovakia (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $5,764 per ton, with an increase of 2.8% against the previous year. In general, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
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 Hungary ($11,211 per ton), while the price for Slovenia ($2,926 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+15.2%), 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 Slovakia (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $6,400 per ton in 2022, increasing by 9.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($9,126 per ton), while the average price for exports to the Czech Republic ($5,986 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 Romania (+10.8%), 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 Slovakia
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground imported into Slovakia dropped remarkably to 134 tons, waning by -16.8% against 2021. Over the period under review, imports showed a deep slump. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground reduced to $773K in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 47%. As a result, imports attained the peak of $904K, and then fell in the following year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 108 | 188 | 407 | 219 | 26.6% |
| Czech Republic | 93.3 | 147 | 152 | 219 | 32.9% |
| Poland | 89.4 | 76.2 | 140 | 112 | 7.8% |
| Germany | 0.3 | 51.1 | 88.9 | 67.1 | 507.0% |
| Austria | 1.7 | 61.5 | 55.2 | 46.8 | 201.9% |
| Slovenia | N/A | N/A | 26.1 | 43.9 | 68.2% |
| Hungary | 0.5 | 8.2 | 27.7 | 32.4 | 301.7% |
| Vietnam | 33.8 | 0.2 | N/A | 0.1 | -85.6% |
| Indonesia | 417 | 75.8 | N/A | N/A | -81.8% |
| Others | 26.8 | 5.3 | 7.2 | 33.1 | 7.3% |
| Total | 771 | 613 | 904 | 773 | 0.1% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Slovakia in 2022:
- Netherlands (36.7 tons)
- Czech Republic (36.5 tons)
- Poland (24.2 tons)
- Slovenia (15.0 tons)
- Germany (8.7 tons)
- Austria (7.3 tons)
- Hungary (2.9 tons)
- Vietnam (0.1 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Slovakia
In 2022, overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -12.8% to 42 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a perceptible decline. The growth pace was the most rapid in 2020 when exports increased by 40%. As a result, the exports reached the peak of 67 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank to $268K in 2022. The total export value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 50%. As a result, the exports attained the peak of $341K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 195 | 270 | 222 | 215 | 3.3% |
| Hungary | 6.0 | 25.1 | 29.3 | 41.1 | 89.9% |
| Romania | 13.0 | 13.9 | 6.3 | 4.0 | -32.5% |
| Poland | 10.2 | 31.3 | 20.8 | 1.8 | -43.9% |
| Others | 2.6 | 0.8 | 2.1 | 5.5 | 28.4% |
| Total | 227 | 341 | 280 | 268 | 5.7% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Slovakia in 2022:
- Czech Republic (36.0 tons)
- Hungary (5.0 tons)
- Romania (0.4 tons)
- Poland (0.3 tons)
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This report provides an in-depth analysis of the cinnamon market in Slovakia.
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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 Slovakia.
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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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