Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Tanzania - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Tanzania (FOB) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Tanzania (CIF) - 2022
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Tanzania
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Tanzania
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Tanzania (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $752 per ton in 2022, reducing by -81.9% against the previous year. Over the period under review, the export price recorded a deep slump. The growth pace was the most rapid in 2017 when the average export price increased by 7.5%. The export price peaked at $5,818 per ton in 2018; however, from 2019 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 France ($995 per ton), while the average price for exports to Democratic Republic of the Congo ($437 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 the Netherlands (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Tanzania (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $3,801 per ton in 2022, picking up by 4.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 44% against the previous year. As a result, import price attained the peak level of $6,951 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
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 India ($8,537 per ton), while the price for the United Arab Emirates totaled $3,720 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Tanzania
In 2022, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Tanzania soared to 134 tons, jumping by 159% against 2021 figures. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground declined rapidly to $101K in 2022. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 52% against the previous year. As a result, the exports attained the peak of $264K. 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 Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.2 | 12.4 | 9.7 | 65.3 | 588.6% |
| Comoros | N/A | N/A | N/A | 12.2 | 0% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 9.6 | 0% |
| France | 4.8 | 5.1 | 3.5 | 6.1 | 8.3% |
| Spain | 31.5 | 24.6 | 36.8 | N/A | 8.1% |
| Germany | 11.6 | 67.5 | 35.1 | N/A | 74.0% |
| United Kingdom | 14.3 | 29.1 | 17.6 | N/A | 10.9% |
| Netherlands | 37.3 | 9.0 | 16.4 | N/A | -33.7% |
| Others | 73.6 | 116 | 95.8 | 7.3 | -53.7% |
| Total | 173 | 264 | 215 | 101 | -16.4% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Tanzania in 2022:
- Italy (77.0 tons)
- Comoros (28.0 tons)
- Democratic Republic of the Congo (22.0 tons)
- France (6.2 tons)
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Tanzania
For the fourth consecutive year, Tanzania recorded growth in purchases abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground, which increased by 228% to 7.9 tons in 2022. Overall, imports recorded a significant expansion. 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 surged to $30K in 2022. Over the period under review, imports recorded a significant increase. 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 Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.3 | 3.9 | 8.1 | 29.0 | 132.8% |
| India | N/A | 0.1 | 0.1 | 1.1 | 231.7% |
| China | 0.3 | 0.8 | 0.3 | N/A | 0.0% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 2.6 | 4.8 | 8.8 | 30.1 | 126.2% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Tanzania in 2022:
- United Arab Emirates (7.8 tons)
- India (0.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Tanzania.
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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 Tanzania.
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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.
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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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Cinnamon production reached X thousand tons in 2016, with a positive dynamic being recorded over the last few years, except for a slight decline in 2010.
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Cinnamon is one of the most common spices today. It can be used in cooking, when added to salads, soups, or beverages (cinnamon flavored tea is very popular nowadays), or pharmaceutical industry. Besides, it is one of the most repeatedly used additives
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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...
2636
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
9570
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
