Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Estonia - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Estonia (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Estonia (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Estonia
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Estonia
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Estonia (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $13,698 per ton, surging by 6.5% against the previous year. Over the period under review, the import price enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 an increase of 124% against the previous year. Over the period under review, average import prices reached the maximum 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 Lithuania ($17,783 per ton), while the price for Poland ($7,920 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+23.3%), 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 Estonia (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $14,804 per ton, with an increase of 24% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($22,694 per ton), while the average price for exports to Ukraine ($9,185 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 Kazakhstan (+5.6%), 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 Estonia
In 2022, the amount of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground imported into Estonia dropped significantly to 1.4 tons, reducing by -47% compared with the previous year. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports reached the peak of 2.6 tons, and then declined markedly in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined sharply to $19K in 2022. Overall, imports, however, continue to indicate a slight increase. The pace of growth appeared the most rapid in 2020 when imports increased by 42%.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | 6.7 | 9.7 | 7.1 | 2.9% |
| Latvia | 2.4 | 9.7 | 11.3 | 5.1 | 28.6% |
| Netherlands | N/A | 6.9 | 6.8 | 4.3 | -21.1% |
| Denmark | 1.3 | 1.5 | 2.3 | 0.9 | -11.5% |
| Poland | N/A | N/A | 0.9 | 0.4 | -55.6% |
| Vietnam | 4.8 | N/A | N/A | N/A | 0% |
| China | 1.9 | N/A | N/A | N/A | 0% |
| Indonesia | 6.9 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 1.1 | 2.2 | 1.2 | 10.1% |
| Total | 18.2 | 25.8 | 33.4 | 18.8 | 1.1% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Estonia in 2022:
- Netherlands (504.0 kg)
- Lithuania (397.0 kg)
- Latvia (308.0 kg)
- Denmark (78.0 kg)
- Poland (50.0 kg)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Estonia
For the third year in a row, Estonia recorded decline in shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, which decreased by -92.3% to 92 kg in 2022. In general, exports recorded a significant curtailment. The smallest decline of -46.3% was in 2020.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined rapidly to $1.4K in 2022. Over the period under review, exports continue to indicate a dramatic slump. The smallest decline of -53.4% was in 2020.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | 2.3 | N/A | 0.8 | -41.0% |
| Ukraine | 1.2 | 2.1 | 1.4 | 0.5 | -25.3% |
| Russia | 70.8 | 29.3 | 11.4 | N/A | -59.9% |
| United States | N/A | N/A | 0.9 | N/A | 0% |
| Belarus | 1.4 | 0.5 | 0.4 | N/A | -46.5% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 73.5 | 34.2 | 14.2 | 1.4 | -73.3% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Estonia in 2022:
- Ukraine (54.0 kg)
- Kazakhstan (36.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Estonia.
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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 Estonia.
9344
This report provides an in-depth analysis of the global cinnamon market.
1090
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
9575
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.
4428
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.
2878
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
1090
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
9575
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
