Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Morocco - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Morocco (CIF) - 2023
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Morocco (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Morocco
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Morocco
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Morocco (CIF) - 2023
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $2,051 per ton in June 2023, falling by -13.5% against the previous month. Overall, the import price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in May 2023 when the average import price increased by 16% against the previous month. The import price peaked at $3,120 per ton in September 2022; however, from October 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was China ($2,097 per ton), while the price for Vietnam totaled $1,836 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-3.0%).
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Morocco (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $9,333 per ton in 2022, shrinking by -34.5% against the previous year. Overall, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 135% against the previous year. The export price peaked at $14,250 per ton in 2021, and then reduced dramatically in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($10,000 per ton), while the average price for exports to Switzerland stood at $9,000 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+10.4%), 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 Morocco
In 2022, after two years of decline, there was significant growth in supplies from abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, when their volume increased by 31% to 1.7K tons. The total import volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 $5.4M in 2022. Over the period under review, imports posted 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 Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 2.9 | 2.8 | 4.2 | 24.1% |
| Vietnam | 0.3 | 0.1 | 0.1 | 1.1 | 54.2% |
| Madagascar | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.7 | 0.1 | 0.0% |
| Total | 2.7 | 3.2 | 3.7 | 5.4 | 26.0% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Morocco in 2022:
- China (1400.0 tons)
- Vietnam (328.0 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Morocco
In 2022, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -25% to 3 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant decrease.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined remarkably to $28 in 2022. In general, exports saw a sharp downturn.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 45.0 | N/A | 26.0 | 18.0 | -26.3% |
| Norway | 90.0 | N/A | 21.0 | 10.0 | -51.9% |
| Cote d'Ivoire | 24.0 | N/A | N/A | N/A | 0% |
| France | 7.0 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 235 | N/A | N/A | N/A | 0% |
| Others | 54.0 | N/A | 10.0 | N/A | -57.0% |
| Total | 455 | N/A | 57.0 | 28.0 | -60.5% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Morocco in 2022:
- Switzerland (2.0 kg)
- Norway (1.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Morocco.
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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 Morocco.
9404
This report provides an in-depth analysis of the global cinnamon market.
1109
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
9667
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
1109
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2659
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
9667
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
