Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Egypt - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Egypt (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Egypt (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Egypt
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Egypt
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Egypt (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $7,071 per ton in 2022, which is down by -4.4% against the previous year. Overall, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 101%. Over the period under review, average import prices attained the peak figure at $7,400 per ton in 2021, and then declined in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($7,072 per ton), while the price for China ($7,071 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+17.2%), 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 Egypt (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $6,909 per ton in 2022, waning by -20.3% against the previous year. Overall, the export price, however, continues to indicate a perceptible increase. The pace of growth appeared the most rapid in 2017 an increase of 82%. Over the period under review, the average export prices hit record highs at $8,667 per ton in 2021, and then plummeted in the following year.
As there is only one major export destination, the average price level is determined by prices for Algeria.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +60.7% per year.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Egypt
In 2022, after two years of decline, there was significant growth in purchases abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, when their volume increased by 12% to 369 tons. Over the period under review, imports, however, continue to indicate a significant decline.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground reached $2.6M in 2022. In general, imports, however, recorded a deep contraction.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,060 | 807 | 1,134 | 1,314 | 7.4% |
| China | 2,536 | 2,051 | 966 | 1,238 | -21.3% |
| Indonesia | 37.3 | 184 | N/A | 47.5 | 8.4% |
| United Arab Emirates | N/A | 57.1 | 160 | N/A | 180.2% |
| Others | 36.4 | 44.5 | 171 | 11.4 | -32.1% |
| Total | 3,669 | 3,144 | 2,431 | 2,610 | -10.7% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Egypt in 2022:
- Vietnam (185.8 tons)
- China (175.0 tons)
- Indonesia (6.7 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Egypt
After three years of growth, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -41.9% to 7.1 tons in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 190%.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground fell sharply to $49K in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 279% against the previous year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | N/A | N/A | N/A | 49.1 | 0% |
| Dominican Republic | N/A | N/A | 1.7 | N/A | 0% |
| Sweden | N/A | N/A | 12.1 | N/A | 0% |
| Guatemala | 6.3 | N/A | N/A | N/A | 0% |
| Kuwait | N/A | 5.5 | N/A | N/A | 0% |
| Saudi Arabia | N/A | 30.0 | 67.0 | N/A | 123.3% |
| Others | 4.1 | 4.2 | 25.5 | 0.2 | -63.5% |
| Total | 10.5 | 39.7 | 106 | 49.2 | 67.3% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Egypt in 2022:
- Algeria (7.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Egypt.
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This report provides an in-depth analysis of the global cinnamon market.
567
This report provides an in-depth analysis of the cinnamon market in Egypt.
9341
This report provides an in-depth analysis of the global cinnamon market.
1089
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2636
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
9568
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3875
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.
2877
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
2257
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
1089
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2636
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
9568
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
