Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Iraq - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Iraq (CIF) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Iraq
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Iraq (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $4,544 per ton in 2022, dropping by -16.9% against the previous year. Overall, the import price, however, recorded a prominent increase. The growth pace was the most rapid in 2018 an increase of 143%. Over the period under review, average import prices hit record highs at $5,466 per ton in 2021, and then shrank 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 Vietnam ($8,524 per ton), while the price for the United Arab Emirates ($2,887 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Iraq
In 2022, after two years of decline, there was significant growth in purchases abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, when their volume increased by 16% to 394 tons. Overall, imports, however, faced a abrupt descent.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted modestly to $1.8M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 8.8% against the previous year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 802 | 493 | 238 | 542 | -12.2% |
| Vietnam | 600 | 899 | 685 | 414 | -11.6% |
| Indonesia | 116 | 251 | 246 | 347 | 44.1% |
| Turkey | 61.7 | 75.5 | 3.1 | 1.1 | -73.9% |
| Others | 1.7 | 2.4 | 688 | 486 | 558.8% |
| Total | 1,582 | 1,721 | 1,859 | 1,790 | 4.2% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Iraq in 2022:
- United Arab Emirates (187.6 tons)
- Indonesia (95.5 tons)
- Vietnam (48.6 tons)
- Turkey (0.1 tons)
418
This report provides an in-depth analysis of the cinnamon market in Iraq.
9339
This report provides an in-depth analysis of the global cinnamon market.
418
This report provides an in-depth analysis of the cinnamon market in Iraq.
9339
This report provides an in-depth analysis of the global cinnamon market.
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.
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.
4426
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.
2875
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
2252
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.
