Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belarus - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belarus (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belarus (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belarus
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belarus
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belarus (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $23,060 per ton, surging by 79% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($61,120 per ton), while the price for Poland ($9,385 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belarus (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $5,225 per ton in 2022, rising by 8.6% against the previous year. Over the period under review, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 48%. Over the period under review, the average export prices hit record highs at $5,882 per ton in 2015; however, from 2016 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 Russia.
From 2013 to 2022, the rate of growth in terms of prices for Russia amounted to +5.9% per year.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belarus
In 2022, overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -23.5% to 3.7 tons, falling for the second year in a row after two years of growth. Overall, imports showed a noticeable contraction. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year. As a result, imports reached the peak of 5.2 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 skyrocketed to $86K in 2022. In general, imports, however, continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 14.0 | 15.0 | 27.6 | 42.9 | 45.2% |
| Poland | 7.4 | 5.4 | 6.8 | 10.5 | 12.4% |
| Sri Lanka | 1.4 | 6.5 | 7.1 | 9.2 | 87.3% |
| India | 1.1 | 2.9 | 3.7 | 5.7 | 73.0% |
| Vietnam | 1.7 | 4.4 | 1.7 | 5.4 | 47.0% |
| China | 0.6 | 2.5 | 2.4 | 3.7 | 83.4% |
| Indonesia | 1.5 | 1.8 | 1.8 | 3.5 | 32.6% |
| Others | 11.4 | 13.4 | 11.3 | 4.9 | -24.5% |
| Total | 39.1 | 51.8 | 62.4 | 85.6 | 29.8% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Belarus in 2022:
- Russia (1473.0 kg)
- Poland (1116.0 kg)
- Vietnam (559.0 kg)
- Sri Lanka (150.0 kg)
- Indonesia (140.0 kg)
- India (108.0 kg)
- China (63.0 kg)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belarus
In 2022, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Belarus surged to 1.4 tons, picking up by 30% compared with the year before. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 224% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground skyrocketed to $7.2K in 2022. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 380%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.5 | 2.4 | 5.1 | 7.2 | 143.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.5 | 2.4 | 5.1 | 7.2 | 143.3% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Belarus in 2022:
- Russia (1.4 tons)
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This report provides an in-depth analysis of the cinnamon market in Belarus.
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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 Belarus.
9341
This report provides an in-depth analysis of the global cinnamon market.
1087
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2634
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
9567
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3874
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.
2875
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
2254
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
1087
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2634
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
9567
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
