Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Qatar - 2023

Contents:

  1. Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Qatar (CIF) - 2022
  2. Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Qatar

Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Qatar (CIF) - 2022

In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $3,039 per ton, with an increase of 24% against the previous year. In general, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 168% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,928 per ton), while the price for Vietnam stood at $2,161 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%).

Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Qatar

For the third year in a row, Qatar recorded decline in supplies from abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, which decreased by -22.2% to 172 tons in 2022. In general, imports faced a abrupt curtailment. The smallest decline of -8.2% was in 2020.

In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank modestly to $524K in 2022. The total import value increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 13%.

Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Qatar (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4524904924550.2%
VietnamN/AN/A32.532.60.3%
OthersN/A20.218.536.534.4%
Total4525105435245.1%

Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Qatar in 2022:

  1. China (155.3 tons)
  2. Vietnam (15.1 tons)

Source: IndexBox Market Intelligence Platform

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