Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Malaysia - 2024
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Malaysia (CIF) - 2024
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Malaysia (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Malaysia
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Malaysia
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Malaysia (CIF) - 2024
In January 2024, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $3,691 per ton, which is down by -7.3% against the previous month. In general, the import price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 41% against the previous month. The import price peaked at $5,940 per ton in January 2023; however, from February 2023 to January 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Sri Lanka ($6,278 per ton), while the price for Indonesia ($3,507 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Malaysia (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $5,433 per ton in 2022, declining by -7.8% against the previous year. Overall, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 46%. The export price peaked at $5,893 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($6,492 per ton), while the average price for exports to Indonesia ($3,407 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 South Africa (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Malaysia
In 2022, purchases abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -11.7% to 1.1K tons, falling for the second consecutive year after two years of growth. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. As a result, imports attained the peak of 1.4K 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 contracted rapidly to $5.4M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 87% against the previous year. As a result, imports reached the peak of $7M. 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 Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.2 | 2.7 | 2.9 | 2.6 | 29.4% |
| Indonesia | 2.1 | 3.6 | 3.2 | 2.4 | 4.6% |
| China | 0.2 | 0.4 | 0.1 | 0.2 | 0.0% |
| Sri Lanka | 0.1 | 0.3 | 0.4 | 0.2 | 26.0% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 3.7 | 7.0 | 6.7 | 5.4 | 13.4% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Malaysia in 2022:
- Vietnam (525.8 tons)
- Indonesia (506.4 tons)
- China (64.7 tons)
- Sri Lanka (34.5 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Malaysia
In 2022, approx. 26 tons of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were exported from Malaysia; rising by 102% against the previous year's figure. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 185%. As a result, the exports attained the peak of 52 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground soared to $141K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 281% against the previous year. As a result, the exports reached the peak of $279K. 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 Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 16.5 | 36.8 | 11.4 | 45.6 | 40.3% |
| Vietnam | 8.8 | 41.4 | 12.5 | 32.1 | 53.9% |
| Hong Kong SAR | 7.8 | 9.7 | 8.3 | 31.8 | 59.8% |
| Brunei Darussalam | 1.0 | 8.8 | 3.2 | 10.4 | 118.3% |
| Singapore | 2.5 | 15.8 | 4.4 | 8.3 | 49.2% |
| Indonesia | 14.4 | 6.4 | 0.4 | 6.8 | -22.1% |
| Japan | 1.8 | 58.4 | 2.9 | 2.9 | 17.2% |
| New Zealand | 1.9 | 7.8 | 1.8 | 2.0 | 1.7% |
| Uruguay | 4.2 | 15.5 | 6.2 | N/A | 21.5% |
| Thailand | 6.7 | 27.7 | 12.1 | N/A | 34.4% |
| Senegal | N/A | 10.2 | N/A | N/A | 0% |
| South Africa | 6.2 | 20.6 | 7.2 | N/A | 7.8% |
| Others | 1.5 | 20.3 | 5.4 | 1.4 | -2.3% |
| Total | 73.3 | 279 | 75.9 | 141 | 24.4% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Malaysia in 2022:
- Australia (7.0 tons)
- Hong Kong SAR (6.6 tons)
- Vietnam (6.0 tons)
- Indonesia (2.0 tons)
- Brunei Darussalam (1.7 tons)
- Singapore (1.5 tons)
- Japan (0.7 tons)
- New Zealand (0.3 tons)
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This report provides an in-depth analysis of the cinnamon market in Malaysia.
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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 Malaysia.
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...
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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
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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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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.
