Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kazakhstan - 2022

Contents:

  1. Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kazakhstan (CIF) - 2022
  2. Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kazakhstan

Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kazakhstan (CIF) - 2022

In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $566 per ton, declining by -91.3% against the previous year. Over the period under review, the import price saw a significant decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.3% against the previous year. Over the period under review, average import prices hit record highs at $12,879 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($5,265 per ton), while the price for Vietnam ($472 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+0.3%).

Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kazakhstan

Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Kazakhstan surged to 141 tons in 2022, picking up by 2,689% compared with 2021 figures. Over the period under review, imports recorded a significant increase. As a result, imports attained 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 $80K in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kazakhstan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/AN/A55.00%
VietnamN/AN/A3.112.1290.3%
Russia9.715.818.86.4-12.9%
Others17.45.310.86.0-29.9%
Total27.121.132.779.643.2%

Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Kazakhstan in 2022:

  1. China (112.3 tons)
  2. Vietnam (25.7 tons)
  3. Russia (1.2 tons)

Source: IndexBox Market Intelligence Platform

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