Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kenya - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kenya (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kenya (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kenya
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kenya
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kenya (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $1,172 per ton, falling by -4.5% against the previous year. Overall, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 63%. Over the period under review, average import prices hit record highs at $2,458 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 India ($4,545 per ton), while the price for China ($951 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+5.8%), 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 Kenya (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $6,315 per ton, shrinking by -31.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 154%. As a result, the export price attained the peak level of $14,048 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($6,560 per ton), while the average price for exports to Rwanda amounted to $5,605 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+1.9%).
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kenya
In 2022, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Kenya declined remarkably to 20 tons, waning by -57.7% compared with the previous year. Overall, imports showed a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 22%.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined rapidly to $23K in 2022. In general, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 56%.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.7 | 19.2 | 18.2 | 17.3 | -5.8% |
| India | 12.2 | 5.9 | 12.1 | 4.3 | -29.4% |
| United Arab Emirates | 30.5 | 6.1 | 7.4 | 0.5 | -74.6% |
| Tanzania | 21.7 | 4.3 | 17.7 | N/A | -9.7% |
| Others | 2.2 | 0.9 | 1.3 | 0.8 | -28.6% |
| Total | 87.4 | 36.4 | 56.7 | 22.9 | -36.0% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Kenya in 2022:
- China (18.2 tons)
- India (0.9 tons)
- United Arab Emirates (0.2 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kenya
In 2022, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -61.4% to 168 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 175% against the previous year. As a result, the exports reached the peak of 1.2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank dramatically to $1.1K in 2022. In general, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 600% against the previous year. As a result, the exports reached the peak of $16K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 2.3 | 1.5 | 2.7 | 0.8 | -29.7% |
| Rwanda | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Norway | N/A | 0.3 | N/A | N/A | 0% |
| United Kingdom | N/A | 14.0 | N/A | N/A | 0% |
| Madagascar | N/A | 0.5 | N/A | N/A | 0% |
| Others | 0.1 | N/A | 1.2 | N/A | 246.4% |
| Total | 2.3 | 16.4 | 4.0 | 1.1 | -21.8% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Kenya in 2022:
- Uganda (125.0 kg)
- Rwanda (43.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Kenya.
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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 Kenya.
9347
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...
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
9576
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
1090
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
9576
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
