Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Croatia - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Croatia (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Croatia (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Croatia
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Croatia
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Croatia (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $10,222 per ton in 2022, growing by 7.4% against the previous year. In general, the import price showed a strong increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 112%. Over the period under review, average import prices hit record highs at $12,666 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Indonesia ($28,333 per ton), while the price for Spain ($4,166 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.8%), 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 Croatia (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $36,860 per ton, shrinking by -11.8% against the previous year. Over the period under review, the export price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 47% against the previous year. The export price peaked at $41,777 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($44,050 per ton), while the average price for exports to Bosnia and Herzegovina stood at $23,679 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+28.6%), 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 Croatia
For the fourth year in a row, Croatia recorded growth in overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, which increased by 51% to 9.2 tons in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground soared to $94K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 24.9 | 34.0 | 29.6 | 51.7 | 27.6% |
| Romania | 2.5 | 0.1 | 15.6 | 17.7 | 92.0% |
| Spain | 11.8 | 20.6 | 7.5 | 14.8 | 7.8% |
| Germany | 4.0 | 4.5 | 5.4 | 9.4 | 33.0% |
| Italy | 1.1 | 1.1 | N/A | 0.4 | -28.6% |
| Latvia | 7.0 | N/A | N/A | N/A | 0% |
| Poland | 1.7 | 0.5 | N/A | N/A | -70.6% |
| Others | 1.4 | 0.1 | 0.2 | 0.3 | -40.2% |
| Total | 54.3 | 61.0 | 58.3 | 94.3 | 20.2% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Croatia in 2022:
- Austria (4.0 tons)
- Spain (3.6 tons)
- Romania (1.1 tons)
- Germany (0.5 tons)
- Italy (0.1 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Croatia
In 2022, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -3.8% to 1.6 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 2 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank rapidly to $59K in 2022. The total export value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year. As a result, the exports attained the peak of $71K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 45.7 | 55.6 | 55.9 | 45.7 | 0.0% |
| Bosnia and Herzegovina | 9.5 | 14.0 | 12.3 | 12.0 | 8.1% |
| Montenegro | 0.8 | 0.6 | 0.4 | 0.6 | -9.1% |
| Others | 0.2 | 0.2 | 0.4 | 0.2 | 0.0% |
| Total | 56.3 | 70.5 | 69.0 | 58.6 | 1.3% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Croatia in 2022:
- Slovenia (1038.0 kg)
- Bosnia and Herzegovina (508.0 kg)
- Montenegro (19.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Croatia.
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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 Croatia.
9341
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...
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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
1088
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.
