Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Azerbaijan - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Azerbaijan (CIF) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Azerbaijan
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Azerbaijan (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $3,591 per ton, shrinking by -28.9% against the previous year. Overall, the import price, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 1,471% against the previous year. As a result, import price attained the peak level of $7,857 per ton. From 2015 to 2022, the average 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 Turkey ($18,939 per ton), while the price for Iran ($2,300 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Azerbaijan
In 2022, purchases abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -6.8% to 32 tons, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 191%. As a result, imports attained the peak of 45 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted rapidly to $115K in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 273% against the previous year. As a result, imports reached the peak of $186K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5.3 | 140 | 122 | 53.8 | 116.5% |
| Iran | 2.9 | 17.7 | 14.9 | 38.1 | 136.0% |
| China | 18.5 | 0.9 | 6.1 | 8.7 | -22.2% |
| Turkey | 3.5 | 4.2 | 13.0 | 8.4 | 33.9% |
| Sri Lanka | N/A | 0.8 | 0.2 | 5.4 | 159.8% |
| India | 5.5 | 0.5 | N/A | N/A | -90.9% |
| United Arab Emirates | 10.7 | 14.0 | 8.4 | N/A | -11.4% |
| Others | 3.3 | 7.7 | 8.1 | 0.3 | -55.0% |
| Total | 49.7 | 186 | 173 | 115 | 32.3% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Azerbaijan in 2022:
- Iran (16.6 tons)
- Vietnam (10.7 tons)
- China (3.4 tons)
- Sri Lanka (0.9 tons)
- Turkey (0.4 tons)
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This report provides an in-depth analysis of the cinnamon market in Azerbaijan.
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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 Azerbaijan.
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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...
2638
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
9586
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3881
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
1093
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2638
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
9586
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
