Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kuwait - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kuwait (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kuwait (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kuwait
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kuwait
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kuwait (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $3,616 per ton, growing by 7.1% against the previous year. Over the period under review, the import price enjoyed a mild expansion. The pace of growth was the most pronounced in 2020 an increase of 38%. As a result, import price attained the peak level of $3,690 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($10,122 per ton), while the price for the United Arab Emirates ($853 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+13.8%), 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 Kuwait (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $4,960 per ton, dropping by -23.4% against the previous year. Over the period under review, the export price, however, posted a moderate increase. The growth pace was the most rapid in 2019 an increase of 125% against the previous year. The export price peaked at $8,207 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($6,561 per ton), while the average price for exports to Qatar stood at $4,951 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.3%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kuwait
In 2022, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Kuwait totaled 106 tons, picking up by 8% on the year before. In general, imports, however, saw a pronounced shrinkage.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground soared to $383K in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 42%. As a result, imports reached the peak of $435K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 5.7 | 26.1 | 32.3 | 67.2 | 127.6% |
| Indonesia | 2.9 | 95.4 | 4.2 | 53.3 | 163.9% |
| Vietnam | 41.4 | 85.7 | 46.5 | 49.6 | 6.2% |
| China | 200 | 133 | 83.6 | 41.2 | -40.9% |
| United Arab Emirates | 9.9 | 7.0 | 11.4 | 16.2 | 17.8% |
| India | 11.3 | 19.0 | 3.9 | 13.3 | 5.6% |
| Syrian Arab Republic | 3.1 | 4.4 | 1.9 | 2.7 | -4.5% |
| Saudi Arabia | N/A | N/A | 29.0 | N/A | 0% |
| Others | 31.3 | 64.5 | 118 | 139 | 64.4% |
| Total | 305 | 435 | 331 | 383 | 7.9% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Kuwait in 2022:
- China (24.9 tons)
- United Arab Emirates (18.9 tons)
- Indonesia (13.1 tons)
- Vietnam (8.9 tons)
- Sri Lanka (6.6 tons)
- India (2.7 tons)
- Syrian Arab Republic (2.3 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kuwait
In 2022, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Kuwait rose significantly to 12 tons, growing by 9.5% on the year before. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 87% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined notably to $58K in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 56%.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 28.3 | 46.2 | 69.1 | 58.0 | 27.0% |
| United Arab Emirates | 0.9 | 0.5 | 0.3 | 0.4 | -23.7% |
| Others | 1.2 | 0.5 | 0.3 | N/A | -50.0% |
| Total | 30.4 | 47.2 | 69.7 | 58.5 | 24.4% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Kuwait in 2022:
- Qatar (11.7 tons)
- United Arab Emirates (0.1 tons)
467
This report provides an in-depth analysis of the cinnamon market in Kuwait.
9341
This report provides an in-depth analysis of the global cinnamon market.
467
This report provides an in-depth analysis of the cinnamon market in Kuwait.
9341
This report provides an in-depth analysis of the global cinnamon market.
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
9574
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3877
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.
4428
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.
2878
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
2257
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
9574
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
