Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Netherlands - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Netherlands (FOB) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Netherlands (CIF) - 2022
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Netherlands
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Netherlands
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Netherlands (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $5,739 per ton in 2022, approximately reflecting the previous year. Overall, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($6,868 per ton), while the average price for exports to Austria ($4,237 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 Poland (+11.4%), 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 the Netherlands (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $4,643 per ton, falling by -1.5% against the previous year. Over the period under review, the import price, however, showed a strong increase. The growth pace was the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, average import prices attained the maximum at $4,714 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 France ($9,774 per ton), while the price for Madagascar ($3,565 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Netherlands
In 2022, approx. 3.2K tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were exported from the Netherlands; remaining stable against the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground expanded slightly to $18M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +49.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.3 | 2.8 | 4.6 | 4.5 | 1.5% |
| Austria | 0.7 | 1.4 | 2.2 | 1.9 | 39.5% |
| Belgium | 1.5 | 1.4 | 1.9 | 1.9 | 8.2% |
| United Kingdom | 1.1 | 1.3 | 1.3 | 1.4 | 8.4% |
| Sweden | 0.6 | 0.7 | 1.3 | 1.2 | 26.0% |
| Czech Republic | 0.2 | 0.5 | 0.6 | 1.1 | 76.5% |
| Poland | 0.7 | 0.9 | 1.2 | 0.9 | 8.7% |
| France | 0.6 | 0.3 | 0.7 | 0.9 | 14.5% |
| Switzerland | 0.2 | 0.1 | 0.2 | 0.7 | 51.8% |
| Denmark | 0.5 | 0.2 | 0.7 | 0.4 | -7.2% |
| Finland | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Russia | 0.5 | 0.1 | 0.1 | 0.3 | -15.7% |
| Spain | 0.3 | 0.2 | 0.4 | 0.3 | 0.0% |
| Others | 1.7 | 2.0 | 2.4 | 2.4 | 12.2% |
| Total | 13.1 | 12.3 | 17.9 | 18.4 | 12.0% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from the Netherlands in 2022:
- Germany (830.7 tons)
- Austria (453.0 tons)
- Belgium (296.9 tons)
- United Kingdom (224.9 tons)
- Sweden (199.1 tons)
- Czech Republic (184.2 tons)
- Poland (143.8 tons)
- France (134.9 tons)
- Switzerland (109.0 tons)
- Denmark (75.6 tons)
- Russia (52.5 tons)
- Finland (51.0 tons)
- Spain (48.5 tons)
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Netherlands
In 2022, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground into the Netherlands soared to 2.5K tons, jumping by 38% compared with the previous year. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.1% against 2019 indices. As a result, imports reached 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 soared to $12M in 2022. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,629 | 2,901 | 2,933 | 5,203 | 47.3% |
| Vietnam | 762 | 840 | 2,151 | 3,340 | 63.7% |
| United Kingdom | 360 | 561 | 45.1 | 610 | 19.2% |
| China | 12.8 | 39.1 | 608 | 520 | 243.8% |
| Germany | 322 | 281 | 522 | 339 | 1.7% |
| Madagascar | N/A | 41.4 | 735 | 319 | 177.6% |
| France | 1,230 | 180 | 87.5 | 311 | -36.8% |
| Sri Lanka | 46.6 | 365 | 372 | 213 | 66.0% |
| Belgium | 212 | 391 | 366 | 200 | -1.9% |
| Others | 219 | 123 | 693 | 519 | 33.3% |
| Total | 4,795 | 5,723 | 8,513 | 11,574 | 34.1% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to the Netherlands in 2022:
- Indonesia (1083.5 tons)
- Vietnam (822.9 tons)
- United Kingdom (124.7 tons)
- China (118.3 tons)
- Madagascar (89.6 tons)
- Belgium (52.8 tons)
- Sri Lanka (37.9 tons)
- Germany (33.2 tons)
- France (31.8 tons)
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This report provides an in-depth analysis of the cinnamon market in the Netherlands.
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