Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Greece - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Greece (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Greece (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Greece
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Greece
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Greece (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $6,341 per ton, picking up by 4.1% against the previous year. Overall, the import price recorded a resilient increase. The growth pace was the most rapid in 2014 an increase of 63% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
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 Italy ($14,564 per ton), while the price for Vietnam ($4,399 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.0%), 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 Greece (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $6,567 per ton in 2022, rising by 80% against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $10,729 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($13,787 per ton), while the average price for exports to Albania ($2,021 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 Cyprus (+4.5%), 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 Greece
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Greece fell to 128 tons in 2022, dropping by -12.8% on the previous year's figure. In general, imports faced a drastic downturn. The smallest decline of -7.7% was in 2021.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted to $813K in 2022. Overall, imports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 8.8%. As a result, imports reached the peak of $896K, and then dropped in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 303 | 213 | 246 | 302 | -0.1% |
| Vietnam | 315 | 343 | 200 | 226 | -10.5% |
| Italy | 63.6 | 123 | 144 | 104 | 17.8% |
| Sri Lanka | 91.5 | 53.4 | 122 | 91.6 | 0.0% |
| Netherlands | 4.9 | 49.7 | 53.3 | 40.0 | 101.4% |
| France | 23.7 | N/A | 22.5 | N/A | -2.6% |
| Others | 36.5 | 40.6 | 108 | 49.3 | 10.5% |
| Total | 838 | 823 | 896 | 813 | -1.0% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Greece in 2022:
- Vietnam (51.4 tons)
- Indonesia (42.3 tons)
- Sri Lanka (16.1 tons)
- Italy (7.1 tons)
- Netherlands (5.9 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Greece
In 2022, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -78% to 7.2 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 143%. As a result, the exports attained the peak of 33 tons, and then declined sharply in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined rapidly to $47K in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 178% against the previous year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 6.4 | 34.2 | 6.6 | 22.3 | 51.6% |
| Cyprus | 6.9 | 7.5 | 11.9 | 18.2 | 38.2% |
| Germany | 3.9 | 4.6 | 7.1 | 3.8 | -0.9% |
| Albania | 9.3 | 27.1 | 48.6 | 2.3 | -37.2% |
| Bulgaria | N/A | 0.1 | N/A | 0.7 | 164.6% |
| United Kingdom | N/A | N/A | 27.7 | N/A | 0% |
| Others | 0.2 | 0.7 | 17.6 | 0.2 | 0.0% |
| Total | 26.7 | 74.3 | 120 | 47.4 | 21.1% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Greece in 2022:
- Romania (3.5 tons)
- Cyprus (2.1 tons)
- Albania (1.2 tons)
- Germany (0.3 tons)
- Bulgaria (0.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Greece.
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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 Greece.
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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...
2637
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
9583
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.
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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
1091
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2637
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
9583
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
