Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uganda - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uganda (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uganda (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uganda
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uganda
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uganda (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $5,476 per ton, falling by -18.5% against the previous year. In general, the import price, however, enjoyed a perceptible 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 peak figure at $7,476 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($5,862 per ton), while the price for China ($825 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.5%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uganda (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $5,494 per ton in 2022, picking up by 2.7% against the previous year. In general, the export price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 an increase of 45% against the previous year. The export price peaked at $13,330 per ton in 2020; however, from 2021 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 the UK ($11,906 per ton), while the average price for exports to Canada ($1,000 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 Rwanda (-1.9%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uganda
In 2022, approx. 24 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were imported into Uganda; picking up by 91% against the previous year's figure. In general, imports continue to indicate prominent growth. 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 $134K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.6% 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 +72.6% against 2020 indices. 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 Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 107 | 75.5 | 81.4 | 128 | 6.2% |
| United Arab Emirates | 0.3 | 0.2 | 3.4 | 4.2 | 141.0% |
| China | 0.5 | 0.5 | 0.4 | 0.4 | -7.2% |
| India | 1.5 | 0.4 | 0.2 | 0.1 | -59.5% |
| Others | 1.4 | 1.0 | 0.5 | 0.7 | -20.6% |
| Total | 111 | 77.6 | 86.0 | 134 | 6.5% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Uganda in 2022:
- Kenya (21.9 tons)
- United Arab Emirates (1.7 tons)
- China (0.5 tons)
- India (0.1 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uganda
In 2022, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Uganda soared to 395 kg, rising by 26% on 2021 figures. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 223%. Over the period under review, the exports of reached the peak figure 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 skyrocketed to $2.2K in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2020 indices. 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 Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 1,251 | 989 | -20.9% |
| Germany | N/A | N/A | N/A | 790 | 0% |
| United Kingdom | 1,446 | 1,241 | 411 | 381 | -35.9% |
| South Sudan | 62.0 | 37.0 | 10.0 | 8.0 | -49.5% |
| Bosnia and Herzegovina | 61.0 | 6.0 | N/A | N/A | -90.2% |
| Others | 3.0 | 9.0 | 3.0 | 2.0 | -12.6% |
| Total | 1,572 | 1,293 | 1,675 | 2,170 | 11.3% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Uganda in 2022:
- India (287.0 kg)
- Germany (72.0 kg)
- United Kingdom (32.0 kg)
- South Sudan (2.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Uganda.
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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 Uganda.
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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...
2632
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.
