Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hong Kong SAR - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hong Kong SAR (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hong Kong SAR (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hong Kong SAR
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hong Kong SAR
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hong Kong SAR (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $5,606 per ton in 2022, dropping by -5% against the previous year. Overall, the import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 68%. The import price peaked at $5,903 per ton in 2021, and then reduced 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 the United States ($22,544 per ton), while the price for China ($3,720 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), 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 Hong Kong SAR (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $3,742 per ton, surging by 22% against the previous year. Over the period under review, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 87% against the previous year. As a result, the export price reached the peak level of $5,261 per ton. From 2020 to 2022, the average 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 Singapore ($11,491 per ton), while the average price for exports to the United States ($2,983 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 the Netherlands (+31.3%), 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 Hong Kong SAR
In 2022, overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were finally on the rise to reach 35 tons after two years of decline. In general, imports, however, saw a abrupt downturn.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined modestly to $198K in 2022. Overall, imports, however, continue to indicate a deep slump. The smallest decline of -0.5% was in 2021.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 64.1 | 101 | 59.5 | 72.3 | 4.1% |
| United States | 49.6 | 53.7 | 26.7 | 52.9 | 2.2% |
| Malaysia | 48.4 | 1.8 | 29.7 | 31.3 | -13.5% |
| Vietnam | 58.9 | 21.1 | 39.6 | 16.3 | -34.8% |
| Indonesia | N/A | N/A | 8.8 | 8.9 | 1.1% |
| Austria | 7.3 | 3.4 | 11.2 | 8.1 | 3.5% |
| Others | 15.8 | 18.1 | 22.9 | 7.8 | -21.0% |
| Total | 244 | 199 | 199 | 198 | -6.7% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Hong Kong SAR in 2022:
- China (19.4 tons)
- Malaysia (6.6 tons)
- Vietnam (4.0 tons)
- United States (2.3 tons)
- Indonesia (1.5 tons)
- Austria (1.0 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hong Kong SAR
In 2022, shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -41.3% to 17 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a deep downturn. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year. As a result, the exports reached the peak of 38 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined sharply to $63K in 2022. Overall, exports continue to indicate a sharp contraction. The smallest decline of -7.2% was in 2020.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.0 | 27.3 | 73.9 | 42.8 | 21.3% |
| Australia | 5.6 | 9.2 | 5.0 | 10.1 | 21.7% |
| Macao SAR | 10.9 | 8.6 | 9.9 | 3.9 | -29.0% |
| Netherlands | N/A | N/A | N/A | 3.4 | 0% |
| Singapore | N/A | N/A | N/A | 3.2 | 0% |
| Japan | 65.3 | N/A | N/A | N/A | 0% |
| United Kingdom | 14.6 | N/A | N/A | N/A | 0% |
| South Africa | N/A | 24.3 | N/A | N/A | 0% |
| Israel | N/A | 40.0 | N/A | N/A | 0% |
| Others | 4.3 | 6.3 | N/A | N/A | 46.5% |
| Total | 125 | 116 | 88.7 | 63.4 | -20.3% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Hong Kong SAR in 2022:
- United States (14.3 tons)
- Australia (1.7 tons)
- Macao SAR (0.4 tons)
- Netherlands (0.3 tons)
- Singapore (0.3 tons)
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This report provides an in-depth analysis of the cinnamon market in Hong Kong SAR, China.
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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 Hong Kong SAR, China.
9341
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
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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
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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
9569
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
