Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ethiopia - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ethiopia (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ethiopia (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ethiopia
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ethiopia
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ethiopia (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $1,119 per ton, with a decrease of -15.5% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground increased by +10.4% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 31%. As a result, import price reached the peak level of $1,324 per ton, and then dropped notably in the following year.
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 Guatemala ($1,873 per ton), while the price for China ($941 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+188.8%), 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 Ethiopia (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $7,840 per ton in 2022, waning by -6.8% against the previous year. Overall, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 77%. The export price peaked at $8,416 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($9,550 per ton), while the average price for exports to Australia totaled $1,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+22.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ethiopia
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Ethiopia surged to 578 tons in 2022, rising by 321% compared with 2021. In general, imports posted a significant increase. As a result, imports reached 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 $647K in 2022. Overall, imports showed a significant increase. 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 Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 65.3 | 118 | 60.2 | 406 | 83.9% |
| India | 49.9 | 182 | 20.5 | 144 | 42.4% |
| Guatemala | N/A | 11.7 | 23.3 | 63.3 | 132.6% |
| Pakistan | N/A | 4.4 | N/A | 33.8 | 177.2% |
| United Arab Emirates | 205 | 189 | 67.8 | N/A | -42.5% |
| Others | 4.7 | 10.6 | 10.2 | 0.2 | -65.1% |
| Total | 324 | 516 | 182 | 647 | 25.9% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Ethiopia in 2022:
- China (432.0 tons)
- India (86.0 tons)
- Guatemala (33.8 tons)
- Pakistan (26.5 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ethiopia
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, when their volume decreased by -92.1% to 25 kg. In general, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 89% against the previous year. As a result, the exports attained the peak of 315 kg, and then fell markedly in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank dramatically to $196 in 2022. Overall, exports faced a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 97%. As a result, the exports reached the peak of $2.7K, and then declined notably in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 656 | 997 | 244 | 191 | -33.7% |
| Australia | 64.0 | 71.0 | 13.0 | 5.0 | -57.3% |
| Germany | N/A | N/A | 2,285 | N/A | 0% |
| Canada | 134 | 279 | 105 | N/A | -11.5% |
| Others | 75.0 | N/A | 4.0 | N/A | -76.9% |
| Total | 929 | 1,347 | 2,651 | 196 | -40.5% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Ethiopia in 2022:
- United States (20.0 kg)
- Australia (5.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Ethiopia.
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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 Ethiopia.
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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
9562
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3873
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
1086
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2632
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
9562
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
