Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Austria - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Austria (FOB) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Austria (CIF) - 2022
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Austria
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Austria
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Austria (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $19,189 per ton in 2022, falling by -9% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground increased by +56.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 31%. Over the period under review, the average export prices reached the peak figure at $21,093 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($31,280 per ton), while the average price for exports to Hungary ($13,917 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 Russia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Austria (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $9,968 per ton, shrinking by -3.9% against the previous year. In general, the import price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the maximum at $10,373 per ton in 2021, and then reduced slightly in the following year.
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 Sri Lanka ($20,273 per ton), while the price for Tanzania ($5,014 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Austria
In 2022, approx. 78 tons of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were exported from Austria; with an increase of 15% against 2021 figures. The total export volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. 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 (cinnamomum zeylanicum blume), neither crushed nor ground expanded modestly to $1.5M in 2022. In general, total exports indicated a remarkable 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, exports increased by +48.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 275 | 281 | 387 | 359 | 9.3% |
| Germany | 213 | 219 | 319 | 319 | 14.4% |
| Czech Republic | 84.8 | 108 | 118 | 131 | 15.6% |
| Japan | N/A | 18.6 | 22.6 | 125 | 159.2% |
| Hungary | 109 | 93.7 | 109 | 120 | 3.3% |
| Poland | 57.8 | 77.4 | 81.2 | 79.8 | 11.4% |
| Slovenia | 48.0 | 48.6 | 45.9 | 67.3 | 11.9% |
| Croatia | 24.5 | 33.4 | 29.3 | 56.4 | 32.0% |
| Slovakia | 49.3 | 68.7 | 78.1 | 50.9 | 1.1% |
| Romania | 49.1 | 38.5 | 58.8 | 30.1 | -15.1% |
| Others | 97.2 | 132 | 183 | 159 | 17.8% |
| Total | 1,008 | 1,119 | 1,431 | 1,497 | 14.1% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Austria in 2022:
- Russia (20.5 tons)
- Germany (15.1 tons)
- Hungary (8.6 tons)
- Czech Republic (8.5 tons)
- Poland (4.6 tons)
- Slovenia (4.1 tons)
- Japan (4.0 tons)
- Croatia (3.8 tons)
- Slovakia (3.2 tons)
- Romania (1.4 tons)
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Austria
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Austria fell sharply to 121 tons in 2022, reducing by -26.7% against 2021. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined dramatically to $1.2M in 2022. In general, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 106%. As a result, imports attained the peak of $1.7M, and then reduced notably in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 11.8 | 508 | 1,308 | 650 | 280.5% |
| Germany | 10.0 | 232 | 191 | 303 | 211.8% |
| Sri Lanka | 161 | N/A | 127 | 116 | -10.4% |
| Tanzania | 56.2 | N/A | N/A | 73.0 | 9.1% |
| Indonesia | 1,101 | N/A | 0.1 | 0.8 | -91.0% |
| Vietnam | 34.8 | 31.8 | N/A | N/A | -8.6% |
| Others | 8.4 | 57.2 | 84.5 | 61.7 | 94.4% |
| Total | 1,384 | 829 | 1,710 | 1,204 | -4.5% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Austria in 2022:
- Netherlands (66.3 tons)
- Germany (31.4 tons)
- Tanzania (14.5 tons)
- Sri Lanka (5.7 tons)
- Indonesia (0.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Austria.
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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 Austria.
9352
This report provides an in-depth analysis of the global cinnamon market.
1091
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
9584
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3878
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
1091
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2637
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
9584
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
