Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belgium - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belgium (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belgium (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belgium
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belgium
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belgium (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $16,825 per ton in 2022, shrinking by -25.4% against the previous year. In general, the import price, however, recorded a significant increase. The pace of growth appeared the most rapid in 2018 an increase of 214% against the previous year. The import price peaked at $22,539 per ton in 2021, and then reduced rapidly in the following year.
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 ($25,000 per ton), while the price for Vietnam ($4,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+38.4%), 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 Belgium (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $10,917 per ton in 2022, falling by -15.2% against the previous year. Overall, the export price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 280%. The export price peaked at $12,869 per ton in 2021, and then shrank sharply in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($32,078 per ton), while the average price for exports to the Netherlands ($6,991 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 Germany (+20.6%), 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 Belgium
In 2022, after two years of decline, there was significant growth in supplies from abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, when their volume increased by 9% to 15 tons. In general, imports, however, saw a abrupt descent.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined significantly to $247K in 2022. Over the period under review, imports, however, saw a deep slump. The smallest decline of -4.9% was in 2021.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 188 | 109 | 58.1 | 83.2 | -23.8% |
| Netherlands | 86.6 | 110 | 117 | 77.1 | -3.8% |
| France | 31.6 | 31.4 | 31.6 | 23.9 | -8.9% |
| Sri Lanka | N/A | 16.4 | 48.2 | 21.2 | 13.7% |
| Spain | 10.7 | 4.6 | 15.9 | 10.7 | 0.0% |
| India | 0.9 | 1.8 | 7.4 | 6.4 | 92.3% |
| Turkey | 1.2 | 6.0 | 2.9 | 4.9 | 59.8% |
| Indonesia | 8.7 | N/A | N/A | 0.1 | -77.4% |
| United Kingdom | 4.7 | 4.9 | N/A | 0.1 | -72.3% |
| Pakistan | N/A | 1.0 | N/A | N/A | 0% |
| Others | 22.0 | 34.2 | 22.8 | 19.5 | -3.9% |
| Total | 354 | 319 | 304 | 247 | -11.3% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Belgium in 2022:
- Germany (3.8 tons)
- Netherlands (3.7 tons)
- France (3.5 tons)
- India (0.9 tons)
- Sri Lanka (0.9 tons)
- Turkey (0.7 tons)
- Spain (0.7 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belgium
In 2022, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Belgium totaled 14 tons, approximately mirroring the previous year's figure. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 115%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted to $156K in 2022. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 121% against the previous year. As a result, the exports reached the peak of $182K, and then contracted in the following year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.4 | 3.1 | 8.5 | 43.1 | 213.4% |
| Netherlands | 18.1 | 32.4 | 39.6 | 36.2 | 26.0% |
| United Kingdom | 21.0 | 7.0 | 18.9 | 34.1 | 17.5% |
| France | 51.1 | 23.9 | 101 | 26.8 | -19.4% |
| Luxembourg | 5.1 | 8.3 | 7.4 | 10.7 | 28.0% |
| United States | 0.3 | N/A | N/A | N/A | 0% |
| Others | 2.6 | 7.5 | 6.2 | 4.9 | 23.5% |
| Total | 99.5 | 82.2 | 182 | 156 | 16.2% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Belgium in 2022:
- Netherlands (5.2 tons)
- Germany (4.7 tons)
- United Kingdom (2.8 tons)
- France (0.8 tons)
- Luxembourg (0.7 tons)
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This report provides an in-depth analysis of the cinnamon market in Belgium.
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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 Belgium.
9356
This report provides an in-depth analysis of the global cinnamon market.
1093
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
9586
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3880
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
1093
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2638
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
9586
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
