Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Czech Republic - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Czech Republic (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Czech Republic (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Czech Republic
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Czech Republic
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Czech Republic (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $5,289 per ton, waning by -4.5% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The growth pace was the most rapid in 2017 when the average import price increased by 25% against the previous year. The import price peaked at $5,539 per ton in 2021, and then contracted modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($7,803 per ton), while the price for Vietnam ($2,061 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.2%), 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 the Czech Republic (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $7,946 per ton in 2022, with a decrease of -2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2016 an increase of 39%. The export price peaked at $8,126 per ton in 2021, and then reduced in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($9,796 per ton) and Poland ($7,730 per ton), while the average price for exports to Germany ($6,655 per ton) and Denmark ($7,345 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+5.6%), 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 the Czech Republic
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground imported into the Czech Republic amounted to 603 tons, growing by 8.5% against the previous year. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3.2M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 11.2 | 820 | 951 | 1,009 | 348.3% |
| Poland | 313 | 468 | 587 | 961 | 45.3% |
| Austria | 35.9 | 287 | 335 | 302 | 103.4% |
| Germany | 98.9 | 410 | 517 | 265 | 38.9% |
| Slovakia | 147 | 311 | 278 | 245 | 18.6% |
| Indonesia | 750 | 52.4 | 153 | 125 | -45.0% |
| Vietnam | 385 | 1.3 | 2.8 | 41.2 | -52.5% |
| Others | 403 | 121 | 254 | 243 | -15.5% |
| Total | 2,145 | 2,472 | 3,079 | 3,190 | 14.1% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to the Czech Republic in 2022:
- Poland (194.4 tons)
- Netherlands (187.2 tons)
- Germany (47.9 tons)
- Slovakia (43.9 tons)
- Austria (38.7 tons)
- Indonesia (32.9 tons)
- Vietnam (20.0 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Czech Republic
Exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from the Czech Republic skyrocketed to 288 tons in 2022, increasing by 44% against the previous year's figure. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 96%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground surged to $2.3M in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 100%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 132 | 726 | 793 | 1,394 | 119.4% |
| Slovakia | 203 | 205 | 230 | 354 | 20.4% |
| Norway | 271 | 322 | 340 | 329 | 6.7% |
| Germany | 37.5 | 144 | 140 | 99.2 | 38.3% |
| Denmark | 25.6 | 26.0 | 30.2 | 23.5 | -2.8% |
| Others | 72.5 | 61.1 | 94.9 | 85.7 | 5.7% |
| Total | 742 | 1,485 | 1,628 | 2,285 | 45.5% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from the Czech Republic in 2022:
- Poland (180.3 tons)
- Slovakia (46.5 tons)
- Norway (33.6 tons)
- Germany (14.9 tons)
- Denmark (3.2 tons)
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