Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in South Africa - 2024
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in South Africa (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in South Africa (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in South Africa
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in South Africa
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in South Africa (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $2,999 per ton in 2022, leveling off at the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.3% 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 +7.1% against 2016 indices. The most prominent rate of growth was recorded in 2015 an increase of 32%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($8,332 per ton), while the price for Singapore ($2,364 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+21.3%), 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 South Africa (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $3,223 per ton in 2022, with a decrease of -26.4% against the previous year. Over the period under review, the export price saw a pronounced descent. The growth pace was the most rapid in 2018 an increase of 31%. The export price peaked at $5,037 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($8,652 per ton), while the average price for exports to Kenya ($1,597 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 Singapore (+10.5%), 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 South Africa
In 2022, approx. 723 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were imported into South Africa; increasing by 15% on the previous year's figure. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground surged to $2.2M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 601 | 515 | 789 | 931 | 15.7% |
| India | 504 | 735 | 449 | 580 | 4.8% |
| Philippines | 224 | 168 | 118 | 153 | -11.9% |
| Singapore | 137 | 115 | 131 | 151 | 3.3% |
| Sri Lanka | 116 | 163 | 106 | 113 | -0.9% |
| China | 89.6 | 215 | 141 | 95.8 | 2.3% |
| Others | 135 | 169 | 144 | 143 | 1.9% |
| Total | 1,808 | 2,080 | 1,877 | 2,167 | 6.2% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to South Africa in 2022:
- Vietnam (371.5 tons)
- India (156.0 tons)
- Singapore (64.0 tons)
- Philippines (64.0 tons)
- China (34.7 tons)
- Sri Lanka (16.1 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in South Africa
After three years of growth, overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -15.6% to 29 tons in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, the exports attained the peak of 35 tons, and then reduced dramatically in the following year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground reduced rapidly to $94K in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 37%. As a result, the exports attained the peak of $152K, and then fell remarkably in the following year.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 7.4 | 7.6 | 24.1 | 23.2 | 46.4% |
| Zambia | 21.4 | 12.4 | 21.9 | 19.5 | -3.1% |
| Botswana | 7.6 | 14.7 | 14.5 | 12.3 | 17.4% |
| Australia | N/A | N/A | 5.7 | 10.9 | 91.2% |
| Namibia | 6.9 | 3.7 | 4.2 | 5.0 | -10.2% |
| Swaziland | 5.4 | 2.7 | 4.2 | 4.3 | -7.3% |
| Lesotho | 2.2 | 11.5 | 2.7 | 3.6 | 17.8% |
| Kenya | 1.3 | 1.9 | 0.1 | 2.8 | 29.1% |
| Sweden | 5.7 | 10.9 | 2.7 | N/A | -31.2% |
| United States | 9.8 | 19.3 | 57.6 | N/A | 142.4% |
| Others | 26.2 | 26.1 | 14.1 | 12.5 | -21.9% |
| Total | 93.8 | 111 | 152 | 94.2 | 0.1% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from South Africa in 2022:
- Zimbabwe (9.6 tons)
- Zambia (4.6 tons)
- Australia (3.6 tons)
- Botswana (2.9 tons)
- Namibia (1.8 tons)
- Kenya (1.8 tons)
- Lesotho (1.4 tons)
- Swaziland (1.2 tons)
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This report provides an in-depth analysis of the cinnamon market in South Africa.
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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 South Africa.
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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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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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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...
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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.
