Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bulgaria - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bulgaria (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bulgaria
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bulgaria
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $9,445 per ton in 2022, jumping by 43% against the previous year. Overall, the import price continues to indicate strong growth. The growth pace was the most rapid in 2013 when the average import price increased by 106%. The import price peaked in 2022 and is likely to continue growth in the near future.
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 Germany ($26,783 per ton), while the price for China ($3,881 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.7%), 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 Bulgaria (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $8,259 per ton, waning by -8.6% against the previous year. Overall, the export price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 116%. Over the period under review, the average export prices hit record highs at $9,035 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($37,839 per ton), while the average price for exports to Hungary ($1,417 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 Italy (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bulgaria
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, when their volume decreased by -40.6% to 7.3 tons. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 180%.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground dropped to $69K in 2022. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 100% against the previous year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 15.4 | 14.4 | 21.8 | 24.8 | 17.2% |
| Vietnam | N/A | 21.4 | 24.4 | 22.0 | 1.4% |
| Greece | N/A | 1.4 | 1.5 | 6.8 | 120.4% |
| Sri Lanka | 9.8 | 0.8 | 0.5 | 5.2 | -19.0% |
| Germany | 1.2 | 2.9 | 7.9 | 4.8 | 58.7% |
| Spain | 5.9 | 7.1 | 3.0 | 2.4 | -25.9% |
| China | 0.3 | 4.0 | 4.3 | 1.5 | 71.0% |
| Indonesia | 4.4 | 13.2 | N/A | N/A | 200.0% |
| Poland | N/A | N/A | 10.5 | N/A | 0% |
| Others | N/A | 8.6 | 7.4 | 1.4 | -59.7% |
| Total | 37.0 | 73.9 | 81.2 | 69.1 | 23.1% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Bulgaria in 2022:
- Vietnam (3800.0 kg)
- Austria (1295.0 kg)
- Greece (941.0 kg)
- China (395.0 kg)
- Sri Lanka (300.0 kg)
- Spain (300.0 kg)
- Germany (180.0 kg)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bulgaria
After three years of growth, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -65.3% to 3.3 tons in 2022. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 98%. As a result, the exports attained the peak of 9.4 tons, and then dropped dramatically in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground dropped remarkably to $27K in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 226% against the previous year. As a result, the exports reached the peak of $85K, and then reduced markedly in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Georgia | N/A | 1.5 | N/A | 12.8 | 192.1% |
| Serbia | 7.0 | 4.5 | 13.3 | 4.6 | -13.1% |
| Greece | 9.3 | 2.1 | 17.9 | 3.8 | -25.8% |
| Romania | 0.5 | 1.4 | 32.1 | 2.1 | 61.3% |
| North Macedonia | 2.2 | 10.2 | 16.6 | 1.0 | -23.1% |
| Italy | N/A | 1.1 | 1.5 | 0.4 | -39.7% |
| Spain | N/A | 2.7 | 0.7 | 0.4 | -61.5% |
| Hungary | N/A | 0.7 | 1.8 | 0.3 | -34.5% |
| Cyprus | 2.2 | 2.0 | 0.6 | N/A | -47.8% |
| Moldova | 1.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.8 | 1.4 | 75.0% |
| Total | 22.6 | 26.1 | 85.0 | 27.0 | 6.1% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Bulgaria in 2022:
- Georgia (1372.0 kg)
- Serbia (558.0 kg)
- Greece (521.0 kg)
- Hungary (235.0 kg)
- Spain (160.0 kg)
- North Macedonia (140.0 kg)
- Italy (121.0 kg)
- Romania (56.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Bulgaria.
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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 Bulgaria.
9350
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...
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
9583
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.
2879
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
2258
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
9583
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
