Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in New Zealand - 2024
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in New Zealand (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in New Zealand (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in New Zealand
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in New Zealand
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in New Zealand (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $8,795 per ton, jumping by 29% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2015 an increase of 54% against the previous year. The import price peaked at $9,110 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Sri Lanka ($17,367 per ton), while the price for Australia ($5,872 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.6%), 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 New Zealand (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $9,788 per ton in 2022, falling by -35.2% against the previous year. Over the period under review, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 174%. Over the period under review, the average export prices hit record highs at $15,100 per ton in 2021, and then dropped dramatically in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($15,965 per ton), while the average price for exports to Samoa ($4,354 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 Solomon Islands (+79.1%), 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 New Zealand
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into New Zealand declined significantly to 29 tons in 2022, which is down by -48.4% on the previous year. Overall, imports saw a slight decline. The most prominent rate of growth was recorded in 2021 when imports increased by 135%. As a result, imports attained the peak of 56 tons, and then declined rapidly in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground dropped rapidly to $255K in 2022. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 81%. As a result, imports reached the peak of $383K, and then reduced dramatically in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 41.1 | 26.1 | 79.8 | 71.0 | 20.0% |
| Vietnam | 38.8 | 42.8 | 86.8 | 65.5 | 19.1% |
| Sri Lanka | 42.3 | 31.8 | 43.8 | 37.7 | -3.8% |
| Australia | 15.5 | 6.0 | 101 | 27.3 | 20.8% |
| Indonesia | 31.9 | 62.1 | 26.2 | 24.9 | -7.9% |
| China | 26.4 | 29.1 | 28.4 | 19.2 | -10.1% |
| United States | 24.7 | 2.8 | N/A | N/A | -88.7% |
| Others | 10.0 | 11.3 | 16.5 | 9.1 | -3.1% |
| Total | 231 | 212 | 383 | 255 | 3.3% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to New Zealand in 2022:
- India (9.8 tons)
- Vietnam (7.5 tons)
- Australia (4.6 tons)
- China (2.5 tons)
- Sri Lanka (2.2 tons)
- Indonesia (1.7 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in New Zealand
In 2022, approx. 636 kg of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were exported from New Zealand; increasing by 52% compared with 2021 figures. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground fell slightly to $6.2K in 2022. The total export value increased at an average annual rate of +13.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 37% against the previous year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in New Zealand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2,545 | 3,559 | 3,555 | 2,283 | -3.6% |
| Cook Islands | 571 | 394 | 628 | 1,987 | 51.5% |
| Fiji | N/A | 1,021 | 1,128 | 1,046 | 1.2% |
| American Samoa | 164 | 405 | 265 | 405 | 35.2% |
| Samoa | 961 | 118 | 177 | 357 | -28.1% |
| Vanuatu | N/A | 36.0 | 44.0 | 124 | 85.6% |
| Bahrain | N/A | 254 | 276 | N/A | 8.7% |
| Others | 32.0 | 86.0 | 239 | 23.0 | -10.4% |
| Total | 4,273 | 5,873 | 6,312 | 6,225 | 13.4% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from New Zealand in 2022:
- Cook Islands (250.0 kg)
- Australia (143.0 kg)
- Samoa (82.0 kg)
- American Samoa (80.0 kg)
- Fiji (67.0 kg)
- Vanuatu (13.0 kg)
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This report provides an in-depth analysis of the cinnamon market in New Zealand.
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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 New Zealand.
9341
This report provides an in-depth analysis of the global cinnamon market.
1089
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
9570
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.
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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.
2877
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
1089
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
9570
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
