Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Switzerland - 2024
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Switzerland (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Switzerland (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Switzerland
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Switzerland
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Switzerland (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $11,566 per ton, which is down by -7.8% against the previous year. Overall, the import price, however, showed strong growth. The pace of growth was the most pronounced in 2020 an increase of 25%. The import price peaked at $12,540 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($16,928 per ton), while the price for the Netherlands ($6,729 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.3%), 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 Switzerland (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $12,683 per ton, waning by -4.8% against the previous year. Overall, the export price recorded a slight decline. The growth pace was the most rapid in 2020 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices hit record highs at $21,134 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($13,464 per ton), while the average price for exports to Italy ($8,011 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 Germany (-0.8%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Switzerland
After three years of growth, supplies from abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -5.8% to 101 tons in 2022. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 7.7% against the previous year. As a result, imports reached the peak of 107 tons, and then shrank in the following year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank to $1.2M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 31%.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 271 | 477 | 443 | 374 | 11.3% |
| Netherlands | 57.0 | 77.8 | 128 | 180 | 46.7% |
| Indonesia | 102 | 163 | 218 | 134 | 9.5% |
| Vietnam | 138 | 135 | 49.8 | 103 | -9.3% |
| France | 21.8 | 20.8 | 60.1 | 101 | 66.7% |
| Madagascar | 47.3 | 20.0 | 69.0 | 91.1 | 24.4% |
| Sri Lanka | 126 | 114 | 154 | 80.2 | -14.0% |
| China | 60.9 | 53.7 | 43.0 | 47.4 | -8.0% |
| India | 38.2 | 72.8 | 95.1 | 23.4 | -15.1% |
| Others | 42.5 | 51.1 | 81.9 | 32.6 | -8.5% |
| Total | 904 | 1,185 | 1,342 | 1,166 | 8.9% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Switzerland in 2022:
- Netherlands (26.7 tons)
- Germany (22.1 tons)
- Madagascar (10.9 tons)
- Indonesia (10.7 tons)
- Vietnam (9.3 tons)
- Sri Lanka (6.9 tons)
- France (6.4 tons)
- China (3.5 tons)
- India (1.4 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Switzerland
In 2022, approx. 5.1 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were exported from Switzerland; growing by 22% on 2021. In general, exports, however, showed a pronounced setback.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground surged to $65K in 2022. The total export value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 49.9 | 40.3 | 39.3 | 56.9 | 4.5% |
| Italy | N/A | 8.2 | 6.5 | 6.0 | -14.5% |
| Austria | 0.7 | 4.6 | 5.9 | 0.1 | -47.7% |
| Others | 0.9 | 1.0 | 3.7 | 1.6 | 21.1% |
| Total | 51.6 | 54.0 | 55.4 | 64.6 | 7.8% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Switzerland in 2022:
- Germany (4.2 tons)
- Italy (0.8 tons)
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This report provides an in-depth analysis of the cinnamon market in Switzerland.
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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...
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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.
