Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Lithuania - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Lithuania (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Lithuania (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Lithuania
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Lithuania
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Lithuania (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $7,558 per ton, remaining stable against the previous year. Overall, the import price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 66% against the previous year. The import price peaked at $8,856 per ton in 2015; however, from 2016 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 Estonia ($19,525 per ton), while the price for Vietnam ($3,532 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+24.4%), 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 Lithuania (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $9,899 per ton in 2022, growing by 2.2% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 30%. The export price peaked at $10,598 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($17,063 per ton), while the average price for exports to Belarus ($3,926 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 Estonia (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Lithuania
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Lithuania expanded significantly to 17 tons in 2022, increasing by 12% on 2021. In general, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year. As a result, imports attained the peak of 26 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground expanded sharply to $128K in 2022. Over the period under review, imports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 42%. As a result, imports attained the peak of $219K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 24.6 | 46.4 | 31.9 | 35.3 | 12.8% |
| Germany | 78.7 | 127 | 30.7 | 30.6 | -27.0% |
| India | N/A | 0.1 | N/A | 16.7 | 1192.3% |
| Austria | 4.9 | 9.3 | 16.4 | 14.1 | 42.2% |
| Estonia | 5.6 | 4.0 | 13.1 | 13.1 | 32.7% |
| Sri Lanka | N/A | 1.8 | 4.7 | 6.5 | 90.0% |
| Poland | 4.0 | 5.9 | 4.8 | 3.2 | -7.2% |
| Hungary | 2.3 | N/A | N/A | 2.4 | 1.4% |
| Netherlands | 29.1 | 13.1 | 0.3 | 0.2 | -81.0% |
| Others | 4.6 | 11.4 | 12.7 | 5.9 | 8.7% |
| Total | 154 | 219 | 115 | 128 | -6.0% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Lithuania in 2022:
- Vietnam (10.0 tons)
- Germany (2.2 tons)
- India (1.1 tons)
- Austria (0.9 tons)
- Estonia (0.7 tons)
- Hungary (0.7 tons)
- Poland (0.4 tons)
- Sri Lanka (0.4 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Lithuania
After three years of growth, shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -62.6% to 1.5 tons in 2022. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. As a result, the exports attained the peak of 4 tons, and then declined markedly in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground reduced rapidly to $15K in 2022. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 52% against the previous year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 2.0 | 3.7 | 5.9 | 5.7 | 41.8% |
| Latvia | 3.5 | 3.4 | 4.4 | 4.6 | 9.5% |
| Ukraine | 7.9 | 10.0 | 7.2 | 3.8 | -21.6% |
| Germany | N/A | N/A | N/A | 0.2 | 0% |
| Belarus | 0.1 | 1.6 | 5.7 | 0.1 | 0.0% |
| Russia | 3.5 | 7.6 | 14.4 | N/A | 102.8% |
| Others | 0.5 | 0.2 | 0.6 | 0.3 | -15.7% |
| Total | 17.5 | 26.6 | 38.3 | 14.6 | -5.9% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Lithuania in 2022:
- Latvia (825.0 kg)
- Estonia (362.0 kg)
- Ukraine (222.0 kg)
- Belarus (27.0 kg)
- Germany (27.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Lithuania.
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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 Lithuania.
9344
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
9575
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
9575
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
