Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ukraine - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ukraine (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ukraine (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ukraine
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ukraine
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ukraine (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $10,076 per ton in 2022, with an increase of 10% against the previous year. In general, the import price showed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 80% against the previous year. As a result, import price attained the peak level of $11,558 per ton. From 2021 to 2022, the average 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 ($26,849 per ton), while the price for India ($3,182 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ukraine (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $12,287 per ton in 2022, picking up by 20% against the previous year. In general, the export price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by 49%. As a result, the export price reached the peak level of $31,000 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($19,000 per ton), while the average price for exports to Moldova amounted to $11,994 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+6.0%).
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ukraine
In 2022, the amount of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground imported into Ukraine fell dramatically to 8.5 tons, with a decrease of -54.1% on 2021. Overall, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 154% against the previous year. As a result, imports attained the peak of 19 tons, and then shrank remarkably in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground dropped markedly to $86K in 2022. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. As a result, imports reached the peak of $170K, and then contracted significantly in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 20.6 | 51.5 | 60.1 | 56.8 | 40.2% |
| Sri Lanka | 6.7 | 23.9 | 28.7 | 10.9 | 17.6% |
| Vietnam | 36.4 | 4.5 | 62.6 | 10.6 | -33.7% |
| India | 0.2 | N/A | N/A | 2.8 | 141.0% |
| China | N/A | N/A | 0.4 | 1.1 | 175.0% |
| Others | 5.2 | 4.8 | 18.2 | 3.8 | -9.9% |
| Total | 69.0 | 84.7 | 170 | 86.0 | 7.6% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Ukraine in 2022:
- Indonesia (5.1 tons)
- Vietnam (1.8 tons)
- India (0.9 tons)
- Sri Lanka (0.4 tons)
- China (0.2 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ukraine
In 2022, the amount of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground exported from Ukraine reduced to 376 kg, with a decrease of -4.8% on the previous year's figure. Overall, exports saw a drastic downturn.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground rose rapidly to $4.6K in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Moldova | 2.0 | 3.7 | 3.9 | 4.3 | 29.1% |
| Panama | N/A | N/A | N/A | 0.2 | 0% |
| Germany | 1.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 3.9 | 3.7 | 4.1 | 4.6 | 5.7% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Ukraine in 2022:
- Moldova (362.0 kg)
- Panama (13.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Ukraine.
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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 Ukraine.
9319
This report provides an in-depth analysis of the global cinnamon market.
1085
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
9551
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3869
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.
2872
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
1085
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
9551
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
