Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sri Lanka - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sri Lanka (FOB) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sri Lanka (CIF) - 2022
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sri Lanka
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sri Lanka
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sri Lanka (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $12,787 per ton, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2017 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($13,623 per ton), while the average price for exports to India ($7,541 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 Chile (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sri Lanka (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $9,426 per ton, waning by -7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 when the average import price increased by 41%. The import price peaked at $10,168 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($14,404 per ton), while the price for the United States ($8,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sri Lanka
Exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Sri Lanka soared to 18K tons in 2022, growing by 26% against 2021. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground soared to $226M in 2022. The total export value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 68.5 | 75.4 | 74.0 | 92.4 | 10.5% |
| United States | 23.9 | 29.6 | 24.0 | 39.9 | 18.6% |
| Peru | 13.5 | 29.2 | 12.6 | 28.4 | 28.1% |
| Ecuador | 6.6 | 10.5 | 6.0 | 10.5 | 16.7% |
| Colombia | 6.9 | 12.1 | 9.1 | 9.5 | 11.2% |
| Guatemala | 10.4 | 6.5 | 3.6 | 7.4 | -10.7% |
| Bolivia | 8.6 | 6.4 | 5.7 | 5.8 | -12.3% |
| India | 4.9 | 5.4 | 4.2 | 5.8 | 5.8% |
| Chile | 3.7 | 5.2 | 3.5 | 4.8 | 9.1% |
| Spain | 5.3 | 4.3 | 3.3 | 3.1 | -16.4% |
| United Arab Emirates | 3.0 | 4.8 | 1.8 | 0.8 | -35.6% |
| Others | 16.5 | 21.0 | 13.2 | 17.5 | 2.0% |
| Total | 172 | 210 | 161 | 226 | 9.5% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Sri Lanka in 2022:
- Mexico (6.8K tons)
- United States (2.9K tons)
- Peru (2.2K tons)
- Ecuador (0.9K tons)
- India (0.8K tons)
- Colombia (0.8K tons)
- Guatemala (0.6K tons)
- Bolivia (0.5K tons)
- Chile (0.4K tons)
- Spain (0.2K tons)
- United Arab Emirates (0.1K tons)
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sri Lanka
In 2022, supplies from abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -83.7% to 18 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. As a result, imports attained the peak of 110 tons, and then declined dramatically in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined rapidly to $169K in 2022. In general, imports saw a sharp descent. The growth pace was the most rapid in 2020 with an increase of 27%.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | N/A | N/A | 189 | 141 | -25.4% |
| Turkey | 36.2 | 39.1 | 20.9 | 26.6 | -9.8% |
| India | 10.9 | 11.9 | 37.2 | 1.3 | -50.8% |
| Spain | 79.8 | 188 | 109 | N/A | 16.9% |
| Germany | 65.7 | 63.5 | 32.2 | N/A | -30.0% |
| United Kingdom | 49.2 | N/A | 90.5 | N/A | 35.6% |
| Mexico | 320 | N/A | 308 | N/A | -1.9% |
| Chile | 92.8 | 135 | 114 | N/A | 10.8% |
| Italy | 11.5 | 41.2 | 50.7 | N/A | 110.0% |
| United States | 57.5 | 442 | 166 | N/A | 69.9% |
| Others | 0.4 | 0.7 | 0.7 | 0.1 | -37.0% |
| Total | 724 | 921 | 1,118 | 169 | -38.4% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Sri Lanka in 2022:
- Colombia (15.9 tons)
- Turkey (1.9 tons)
- India (0.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Sri Lanka.
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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 Sri Lanka.
9341
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
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.
