Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Germany - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Germany (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Germany (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Germany
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Germany
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Germany (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $6,122 per ton, with an increase of 12% against the previous year. Overall, the import price posted strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 70% against the previous year. Over the period under review, average import prices hit record highs at $6,487 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($15,678 per ton), while the price for Madagascar ($3,210 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+30.5%), 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 Germany (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $18,383 per ton, with a decrease of -15.6% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 106% against the previous year. As a result, the export price reached the peak level of $23,498 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($34,017 per ton), while the average price for exports to France ($4,376 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 Switzerland (+18.6%), 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 Germany
In 2022, purchases abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -36.2% to 559 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 131% against the previous year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted dramatically to $3.4M in 2022. Over the period under review, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 81% against the previous year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 1,497 | 1,426 | 1,694 | 1,330 | -3.9% |
| Madagascar | 542 | 1,721 | 2,274 | 1,061 | 25.1% |
| Netherlands | N/A | 369 | 328 | 213 | -24.0% |
| Austria | 25.5 | 68.3 | 74.3 | 161 | 84.8% |
| France | N/A | 264 | 168 | 154 | -23.6% |
| Tanzania | 35.4 | 95.3 | 105 | 144 | 59.6% |
| Czech Republic | N/A | 0.9 | 34.2 | 79.5 | 839.9% |
| Vietnam | N/A | N/A | 24.3 | 77.0 | 216.9% |
| China | N/A | N/A | 8.3 | 65.6 | 690.4% |
| Seychelles | 103 | N/A | N/A | 39.2 | -27.5% |
| Others | 10.6 | 59.8 | 65.3 | 100 | 111.3% |
| Total | 2,214 | 4,003 | 4,776 | 3,423 | 15.6% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Germany in 2022:
- Madagascar (330.6 tons)
- Sri Lanka (84.8 tons)
- Netherlands (29.4 tons)
- France (23.7 tons)
- Tanzania (23.4 tons)
- Vietnam (16.2 tons)
- Austria (11.0 tons)
- Czech Republic (10.3 tons)
- China (9.8 tons)
- Seychelles (8.6 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Germany
In 2022, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Germany shrank to 66 tons, which is down by -7.4% against the previous year. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 12%.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined dramatically to $1.2M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 324 | 695 | 839 | 698 | 29.2% |
| France | 38.5 | 70.5 | 107 | 82.3 | 28.8% |
| Austria | 54.9 | 128 | 123 | 80.6 | 13.7% |
| Czech Republic | 10.1 | 9.8 | 13.3 | 41.0 | 59.5% |
| Croatia | 4.1 | 5.1 | 5.5 | 35.5 | 105.3% |
| Poland | 20.5 | 20.4 | 31.1 | 26.8 | 9.3% |
| Estonia | 2.1 | 1.0 | 62.0 | 25.1 | 128.6% |
| Lithuania | 56.6 | 58.2 | 58.0 | 23.5 | -25.4% |
| Italy | 8.4 | 6.2 | 18.6 | 23.3 | 40.5% |
| Spain | 5.3 | 16.2 | 36.4 | 20.6 | 57.2% |
| Denmark | 13.8 | 12.7 | 11.6 | 10.0 | -10.2% |
| Sri Lanka | 98.0 | N/A | 50.7 | N/A | -28.1% |
| Others | 250 | 470 | 188 | 139 | -17.8% |
| Total | 886 | 1,493 | 1,544 | 1,206 | 10.8% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Germany in 2022:
- Switzerland (20.5 tons)
- France (18.8 tons)
- Austria (5.3 tons)
- Czech Republic (3.2 tons)
- Estonia (2.1 tons)
- Spain (1.9 tons)
- Poland (1.8 tons)
- Italy (1.5 tons)
- Lithuania (1.3 tons)
- Croatia (1.2 tons)
- Denmark (1.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Germany.
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This report provides an in-depth analysis of the global cinnamon market.
1013
This report provides an in-depth analysis of the cinnamon market in Germany.
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...
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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
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
9570
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
