Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Egypt - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Egypt (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Egypt (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Egypt
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Egypt
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Egypt (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $5,218 per ton in 2022, approximately mirroring the previous year. In general, the import price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 171%. The import price peaked at $5,261 per ton in 2021, and then contracted slightly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($5,219 per ton) and Jordan ($5,218 per ton), while the price for Sri Lanka ($5,216 per ton) and Indonesia ($5,217 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Egypt (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $6,075 per ton in 2022, picking up by 10% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of 81%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($6,075 per ton), while the average price for exports to Saudi Arabia stood at $6,074 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+48.0%), 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 Egypt
In 2022, supplies from abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -67% to 25 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 48%. As a result, imports reached the peak of 169 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank markedly to $131K in 2022. In general, imports faced a dramatic contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 65% against the previous year. As a result, imports attained the peak of $762K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 62.1 | 32.3 | 73.4 | 81.1 | 9.3% |
| Jordan | N/A | 24.1 | 16.3 | 25.7 | 3.3% |
| China | 5.6 | 158 | N/A | 13.6 | 34.4% |
| Indonesia | 72.3 | 128 | N/A | 6.4 | -55.4% |
| Sri Lanka | 31.7 | N/A | 16.9 | 3.9 | -50.3% |
| Vietnam | 289 | 403 | 236 | N/A | -9.6% |
| Others | N/A | 16.9 | 56.1 | N/A | 232.0% |
| Total | 461 | 762 | 399 | 131 | -34.3% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Egypt in 2022:
- United States (15.5 tons)
- Jordan (4.9 tons)
- China (2.6 tons)
- Indonesia (1.2 tons)
- Sri Lanka (0.8 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Egypt
Exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Egypt surged to 3.8 tons in 2022, increasing by 59% on the year before. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 128% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $23K in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 312% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | N/A | N/A | N/A | 15.4 | 0% |
| Saudi Arabia | N/A | 2.2 | 0.3 | 7.5 | 84.6% |
| Nigeria | N/A | N/A | 0.3 | N/A | 0% |
| Ethiopia | 1.2 | 0.5 | 6.5 | N/A | 132.7% |
| Others | 1.9 | 0.5 | 5.9 | N/A | 76.2% |
| Total | 3.2 | 3.2 | 13.0 | 22.9 | 92.7% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Egypt in 2022:
- Algeria (2.5 tons)
- Saudi Arabia (1.2 tons)
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This report provides an in-depth analysis of the cinnamon market in Egypt.
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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 Egypt.
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This report provides an in-depth analysis of the global cinnamon market.
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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
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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
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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
