Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uzbekistan - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uzbekistan (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uzbekistan (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uzbekistan
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uzbekistan
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uzbekistan (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $11,455 per ton in 2022, reducing by -11.9% against the previous year. Over the period under review, import price indicated a prominent expansion from 2017 to 2022: its price increased at an average annual rate of +5.0% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -18.3% against 2020 indices. The growth pace was the most rapid in 2019 when the average import price increased by 38% against the previous year. Over the period under review, average import prices hit record highs at $14,016 per ton in 2020; however, from 2021 to 2022, 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 Russia ($14,364 per ton), while the price for Turkey ($2,756 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uzbekistan (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $8,286 per ton in 2022, with a decrease of -27.8% against the previous year. In general, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2018 an increase of 30%. Over the period under review, the average export prices reached the maximum at $15,178 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Tajikistan.
From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to +3.1% per year.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uzbekistan
In 2022, purchases abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground was finally on the rise to reach 815 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a precipitous contraction.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $9.3K in 2022. Overall, imports, however, showed a sharp decrease.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.2 | 0.1 | 0.2 | 7.8 | 239.1% |
| Indonesia | 3.3 | 0.6 | 0.9 | 1.0 | -32.8% |
| Turkey | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Vietnam | 28.0 | 4.9 | 6.1 | N/A | -53.3% |
| United Arab Emirates | N/A | 5.2 | N/A | N/A | 0% |
| Others | 1.5 | 0.3 | N/A | 0.1 | -59.5% |
| Total | 33.2 | 11.1 | 7.2 | 9.3 | -34.6% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Uzbekistan in 2022:
- Russia (541.0 kg)
- Turkey (160.0 kg)
- Indonesia (88.0 kg)
- Vietnam (6.0 kg)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uzbekistan
After three years of growth, overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -96.4% to 7 kg in 2022. Overall, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 170% against the previous year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted rapidly to $58 in 2022. In general, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 201% against the previous year.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Uzbekistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tajikistan | N/A | N/A | 169 | 58.0 | -65.7% |
| Russia | 15.0 | 216 | N/A | N/A | 1340.0% |
| Germany | N/A | 181 | 580 | N/A | 220.4% |
| Mongolia | N/A | N/A | 105 | N/A | 0% |
| Belarus | 353 | 711 | 775 | N/A | 48.2% |
| Others | N/A | N/A | 575 | N/A | 0% |
| Total | 368 | 1,108 | 2,204 | 58.0 | -46.0% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Uzbekistan in 2022:
- Tajikistan (7.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Uzbekistan.
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