Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Canada - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Canada (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Canada (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Canada
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Canada
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Canada (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $7,207 per ton in 2022, with an increase of 3.2% against the previous year. In general, the import price posted a remarkable increase. The growth pace was the most rapid in 2014 when the average import price increased by 37%. The import price peaked in 2022 and is expected to retain 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 Sri Lanka ($14,899 per ton), while the price for China ($5,356 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.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Canada (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $9,217 per ton, waning by -8.8% against the previous year. Overall, the export price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 231% against the previous year. As a result, the export price attained the peak level of $10,103 per ton, and then declined 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 the United States ($10,717 per ton), while the average price for exports to the UK ($2,612 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 the United States (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Canada
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Canada dropped to 345 tons in 2022, shrinking by -7.2% compared with the previous year's figure. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. As a result, imports reached the peak of 372 tons, and then declined in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground dropped modestly to $2.5M in 2022. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. As a result, imports reached the peak of $2.6M, and then contracted in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 304 | 339 | 981 | 1,121 | 54.5% |
| India | 384 | 246 | 636 | 697 | 22.0% |
| China | 178 | 159 | 153 | 288 | 17.4% |
| Sri Lanka | 203 | 234 | 258 | 182 | -3.6% |
| Indonesia | 369 | 139 | 246 | 50.2 | -48.6% |
| United States | 37.7 | 58.5 | 205 | 42.8 | 4.3% |
| Mexico | 20.9 | 16.7 | 20.5 | 17.0 | -6.7% |
| Others | 37.2 | 91.3 | 96.4 | 90.1 | 34.3% |
| Total | 1,534 | 1,282 | 2,596 | 2,487 | 17.5% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Canada in 2022:
- Vietnam (165.6 tons)
- India (83.0 tons)
- China (53.7 tons)
- Sri Lanka (12.2 tons)
- United States (5.4 tons)
- Indonesia (4.9 tons)
- Mexico (3.7 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Canada
In 2022, approx. 56 tons of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were exported from Canada; with an increase of 113% against 2021. In general, exports saw a significant increase. 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 surged to $518K in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 99%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 75.6 | 109 | 264 | 490 | 86.4% |
| United Kingdom | N/A | 0.3 | 2.5 | 18.4 | 683.2% |
| Trinidad and Tobago | 13.3 | 1.0 | N/A | 7.4 | -17.8% |
| Netherlands | N/A | 23.6 | N/A | N/A | 0% |
| Others | 3.5 | 0.2 | 0.1 | 1.3 | -28.1% |
| Total | 92.4 | 134 | 267 | 518 | 77.6% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Canada in 2022:
- United States (45.8 tons)
- United Kingdom (7.0 tons)
- Trinidad and Tobago (2.8 tons)
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This report provides an in-depth analysis of the cinnamon market in Canada.
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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 Canada.
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This report provides an in-depth analysis of the global cinnamon market.
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During the period analyzed, Cinnamon imports reached their highest point at 3.3K tons in 2022, before experiencing a significant decline the following year. In terms of value, cinnamon imports decreased notably to $18M in 2023.
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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
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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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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
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During the period analyzed, Cinnamon imports reached their highest point at 3.3K tons in 2022, before experiencing a significant decline the following year. In terms of value, cinnamon imports decreased notably to $18M in 2023.
1087
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
