Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bangladesh - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bangladesh (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bangladesh (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bangladesh
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bangladesh
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bangladesh (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $6,349 per ton in 2022, picking up by 12% against the previous year. Over the period under review, the import price posted a temperate expansion. The pace of growth appeared the most rapid in 2016 an increase of 70%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 Vietnam ($14,624 per ton), while the price for China amounted to $5,870 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.0%).
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bangladesh (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $4,028 per ton, with an increase of 31% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 102%. As a result, the export price attained the peak level of $6,446 per ton. From 2017 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 the United States ($9,289 per ton), while the average price for exports to Brunei Darussalam ($931 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 South Africa (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bangladesh
Imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground into Bangladesh contracted to 134 tons in 2022, falling by -5.9% on 2021. In general, imports showed a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 7.7% against the previous year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground expanded markedly to $852K in 2022. Over the period under review, imports faced a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 26%.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,412 | 564 | 693 | 744 | -39.8% |
| Vietnam | 633 | 73.5 | 114 | 108 | -44.5% |
| Others | 0.7 | 0.8 | N/A | N/A | 14.3% |
| Total | 4,045 | 639 | 806 | 852 | -40.5% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Bangladesh in 2022:
- China (126.8 tons)
- Vietnam (7.4 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bangladesh
In 2022, after three years of growth, there was decline in overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground, when their volume decreased by -3% to 6.6 tons. The total export volume increased at an average annual rate of +12.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $27K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 165% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 3.9 | 5.1 | 9.5 | 10.7 | 40.0% |
| United States | 3.3 | 7.7 | 5.8 | 7.2 | 29.7% |
| Cyprus | N/A | N/A | N/A | 2.4 | 0% |
| Australia | 0.4 | 3.4 | 0.9 | 1.8 | 65.1% |
| Italy | N/A | 3.5 | 1.1 | 1.7 | -30.3% |
| Singapore | 0.1 | 0.8 | 0.5 | 0.6 | 81.7% |
| Brunei Darussalam | N/A | N/A | N/A | 0.3 | 0% |
| Greece | 0.2 | 1.2 | N/A | N/A | 500.0% |
| Saudi Arabia | N/A | N/A | 2.3 | N/A | 0% |
| Others | 0.8 | 1.5 | 0.8 | 1.9 | 33.4% |
| Total | 8.8 | 23.3 | 21.0 | 26.7 | 44.8% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Bangladesh in 2022:
- South Africa (3535.0 kg)
- United States (775.0 kg)
- Cyprus (532.0 kg)
- Italy (476.0 kg)
- Singapore (426.0 kg)
- Australia (293.0 kg)
- Brunei Darussalam (290.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Bangladesh.
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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 Bangladesh.
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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
1090
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2637
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
9578
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
