Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hungary - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hungary (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hungary (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hungary
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hungary
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hungary (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $7,212 per ton, dropping by -24.1% against the previous year. In general, the import price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 59%. Over the period under review, average import prices attained the maximum at $9,499 per ton in 2021, and then contracted remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($14,531 per ton), while the price for Madagascar ($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 Vietnam (+29.2%), 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 Hungary (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $12,265 per ton, reducing by -31% against the previous year. Overall, the export price, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 70%. Over the period under review, the average export prices reached the peak figure at $17,766 per ton in 2021, and then dropped notably in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($16,833 per ton), while the average price for exports to Romania ($9,576 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 Slovakia (+12.2%), 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 Hungary
In 2022, approx. 67 tons of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were imported into Hungary; rising by 81% on the year before. In general, imports saw a significant expansion. 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 surged to $480K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 81%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 32.5 | 152 | 86.0 | 217 | 88.3% |
| Austria | 111 | 111 | 141 | 116 | 1.5% |
| Madagascar | N/A | N/A | N/A | 40.9 | 0% |
| Latvia | N/A | 23.1 | 6.7 | 37.4 | 27.2% |
| Indonesia | N/A | 15.5 | N/A | 28.4 | 35.4% |
| Germany | 28.5 | 22.4 | 32.7 | 26.4 | -2.5% |
| Romania | 0.3 | N/A | 0.8 | 8.1 | 200.0% |
| Netherlands | 66.0 | 77.9 | 67.7 | 0.6 | -79.1% |
| Others | 2.9 | 32.8 | 15.5 | 5.7 | 25.3% |
| Total | 241 | 435 | 350 | 480 | 25.8% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Hungary in 2022:
- Vietnam (33.9 tons)
- Madagascar (11.0 tons)
- Austria (8.0 tons)
- Latvia (5.0 tons)
- Germany (3.6 tons)
- Indonesia (3.5 tons)
- Romania (1.0 tons)
- Netherlands (0.1 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hungary
In 2022, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Hungary soared to 1 tons, rising by 35% on the year before. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank to $12K in 2022. Over the period under review, total exports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 54%. As a result, the exports attained the peak of $13K, and then reduced in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.1 | 7.0 | 12.0 | 6.4 | -7.6% |
| Romania | 2.3 | 1.2 | 0.6 | 5.4 | 32.9% |
| Others | 0.3 | 0.4 | 0.7 | 0.5 | 18.6% |
| Total | 10.7 | 8.6 | 13.3 | 12.4 | 5.0% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Hungary in 2022:
- Romania (569.0 kg)
- Germany (394.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Hungary.
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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 Hungary.
9340
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
1087
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2633
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
9566
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
