Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in South Africa - 2024
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in South Africa (CIF) - 2024
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in South Africa (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in South Africa
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in South Africa
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in South Africa (CIF) - 2024
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $2,853 per ton in January 2024, with a decrease of -18.4% against the previous month. Over the period under review, import price indicated a mild expansion from January 2023 to January 2024: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -25.0% against October 2023 indices. The growth pace was the most rapid in March 2023 an increase of 127% month-to-month. As a result, import price attained the peak level of $4,750 per ton. From April 2023 to January 2024, the average 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 Indonesia ($4,936 per ton), while the price for China ($2,165 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 Vietnam (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in South Africa (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $4,670 per ton, surging by 26% against the previous year. Overall, the export price, however, showed a pronounced downturn. Over the period under review, the average export prices hit record highs at $6,427 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
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 the United States ($19,000 per ton), while the average price for exports to Swaziland ($1,592 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 Botswana (+22.3%), 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 South Africa
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into South Africa surged to 359 tons in 2022, rising by 17% against 2021. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year. As a result, imports reached the peak of 406 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $1.1M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, imports attained the peak of $1.2M. 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 South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 726 | 874 | 503 | 730 | 0.2% |
| Vietnam | 56.5 | 122 | 213 | 261 | 66.5% |
| Indonesia | 111 | 143 | 147 | 117 | 1.8% |
| Others | 117 | 96.1 | 247 | 38.4 | -31.0% |
| Total | 1,011 | 1,235 | 1,110 | 1,147 | 4.3% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to South Africa in 2022:
- China (251.1 tons)
- Vietnam (80.7 tons)
- Indonesia (21.5 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in South Africa
In 2022, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -32.4% to 8.5 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, the exports reached the peak of 14 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined to $40K in 2022. Overall, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 8.3%. As a result, the exports reached the peak of $52K. 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 South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 17.0 | 23.6 | 20.3 | 19.0 | 3.8% |
| Swaziland | 3.7 | 4.4 | 7.0 | 6.3 | 19.4% |
| United States | 7.9 | 6.7 | N/A | 6.0 | -8.8% |
| Namibia | 4.9 | 6.7 | 5.0 | 2.7 | -18.0% |
| Mauritius | 0.8 | 0.7 | 1.7 | 1.4 | 20.5% |
| Lesotho | 1.3 | 1.8 | 1.4 | 1.3 | 0.0% |
| Zambia | 6.8 | 5.1 | 4.6 | 1.1 | -45.5% |
| United Arab Emirates | 3.0 | N/A | 0.4 | N/A | -63.5% |
| Others | 2.8 | 3.3 | 6.2 | 1.9 | -12.1% |
| Total | 48.1 | 52.2 | 46.6 | 39.7 | -6.2% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from South Africa in 2022:
- Swaziland (4.0 tons)
- Botswana (2.0 tons)
- Namibia (1.1 tons)
- Mauritius (0.3 tons)
- Zambia (0.3 tons)
- United States (0.3 tons)
- Lesotho (0.3 tons)
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This report provides an in-depth analysis of the cinnamon market in South Africa.
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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 South Africa.
9327
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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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
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2632
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
9556
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
