Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sweden - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sweden (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sweden (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sweden
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sweden
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sweden (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $7,899 per ton in 2022, increasing by 10% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -15.9% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 67%. Over the period under review, average import prices hit record highs at $10,636 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($33,956 per ton), while the price for Syrian Arab Republic ($1,444 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+18.9%), 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 Sweden (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $16,477 per ton, surging by 12% against the previous year. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 54%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($77,476 per ton), while the average price for exports to Norway ($9,798 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 Denmark (+29.8%), 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 Sweden
In 2022, approx. 15 tons of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were imported into Sweden; with a decrease of -64.2% compared with 2021. In general, imports saw a significant decline. The pace of growth appeared the most rapid in 2021 when imports increased by 172%.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground fell remarkably to $118K in 2022. Over the period under review, imports faced a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 107% against the previous year. As a result, imports attained the peak of $300K, and then reduced remarkably in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.1 | 17.5 | 51.5 | 48.1 | 44.0% |
| Vietnam | 0.5 | 0.4 | 2.6 | 14.2 | 205.1% |
| Turkey | 10.4 | 9.4 | 13.4 | 8.3 | -7.2% |
| Lebanon | 62.6 | 55.5 | 27.2 | 8.3 | -49.0% |
| Denmark | 9.2 | 14.3 | 17.2 | 7.8 | -5.4% |
| Indonesia | 119 | 19.8 | 130 | 6.3 | -62.5% |
| Netherlands | 13.9 | 11.7 | 3.7 | 4.2 | -32.9% |
| Syrian Arab Republic | N/A | N/A | 0.8 | 0.8 | 0.0% |
| India | 6.9 | 3.1 | 19.0 | 0.5 | -58.3% |
| Others | 14.6 | 13.0 | 33.8 | 19.7 | 10.5% |
| Total | 253 | 145 | 300 | 118 | -22.4% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Sweden in 2022:
- China (6.6 tons)
- Vietnam (2.9 tons)
- Turkey (1.2 tons)
- Lebanon (1.1 tons)
- Indonesia (1.0 tons)
- Syrian Arab Republic (0.5 tons)
- Denmark (0.3 tons)
- Netherlands (0.2 tons)
- India (0.1 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sweden
For the third year in a row, Sweden recorded decline in shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, which decreased by -47% to 749 kg in 2022. In general, exports saw a precipitous curtailment. The smallest decline of -1.9% was in 2021.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground reduced notably to $12K in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of $21K, and then dropped markedly in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 7.4 | 9.0 | 9.8 | 6.3 | -5.2% |
| Denmark | 3.9 | 4.9 | 7.8 | 4.9 | 7.9% |
| Finland | 1.5 | 2.3 | 2.3 | 0.8 | -18.9% |
| Estonia | 1.5 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.3 | 0.8 | 0.4 | 58.7% |
| Total | 14.4 | 16.5 | 20.8 | 12.3 | -5.1% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Sweden in 2022:
- Norway (645.0 kg)
- Denmark (63.0 kg)
- Finland (23.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Sweden.
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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 Sweden.
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...
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
9569
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3876
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
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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
9569
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
