Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uganda - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uganda (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uganda (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uganda
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uganda
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uganda (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $2,599 per ton, reducing by -22.8% against the previous year. Over the period under review, the import price saw a pronounced slump. The growth pace was the most rapid in 2017 when the average import price increased by 150%. Over the period under review, average import prices hit record highs at $3,640 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Madagascar ($4,819 per ton), while the price for the United Arab Emirates ($430 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 (+20.6%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uganda (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $11,097 per ton, with an increase of 166% against the previous year. Overall, the export price continues to indicate a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($86,015 per ton), while the average price for exports to the Czech Republic amounted to $4,171 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-0.4%).
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uganda
In 2022, overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -27.1% to 20 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 563%. As a result, imports attained the peak of 28 tons, and then declined significantly in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined remarkably to $52K in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 695%. As a result, imports reached the peak of $93K, and then contracted significantly in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | N/A | N/A | N/A | 45.5 | 0% |
| United Arab Emirates | 0.7 | 0.4 | 0.1 | 4.1 | 80.3% |
| India | 0.5 | 3.6 | 1.4 | 1.4 | 40.9% |
| Kenya | 2.4 | 6.4 | 3.0 | 0.8 | -30.7% |
| China | 0.3 | 0.9 | 0.1 | 0.2 | -12.6% |
| Sri Lanka | N/A | N/A | 88.2 | N/A | 0% |
| Others | 0.3 | 0.4 | N/A | 0.2 | -12.6% |
| Total | 4.2 | 11.7 | 92.8 | 52.3 | 131.8% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Uganda in 2022:
- Madagascar (9.4 tons)
- United Arab Emirates (9.4 tons)
- India (0.5 tons)
- Kenya (0.5 tons)
- China (0.2 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uganda
After three years of growth, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -65.6% to 4.6 tons in 2022. In general, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 120%.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted to $51K in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 84%.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 0.2 | 0.6 | 28.1 | 17.7 | 345.6% |
| Denmark | N/A | N/A | N/A | 16.8 | 0% |
| United Kingdom | 12.6 | 45.6 | N/A | N/A | 261.9% |
| Others | 12.6 | 0.6 | 27.9 | 16.9 | 10.3% |
| Total | 25.3 | 46.7 | 56.1 | 51.4 | 26.7% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Uganda in 2022:
- Czech Republic (4.2 tons)
- Denmark (0.2 tons)
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This report provides an in-depth analysis of the cinnamon market in Uganda.
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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 Uganda.
9345
This report provides an in-depth analysis of the global cinnamon market.
1090
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
9575
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3878
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.
4428
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.
2878
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
1090
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
9575
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
