Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Slovakia - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Slovakia (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Slovakia (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Slovakia
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Slovakia
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Slovakia (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $5,348 per ton, waning by -24.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 41% against the previous year. The import price peaked at $9,826 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($17,261 per ton), while the price for Germany ($2,064 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+22.4%), 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 Slovakia (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $12,925 per ton, shrinking by -12.7% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 65% against the previous year. As a result, the export price reached the peak level of $18,456 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($17,000 per ton), while the average price for exports to Hungary totaled $12,940 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+29.5%), 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 Slovakia
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Slovakia surged to 56 tons in 2022, with an increase of 100% on 2021 figures. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground soared to $299K in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | N/A | N/A | 48.7 | 122 | 150.5% |
| Netherlands | N/A | 46.8 | 27.8 | 52.3 | 5.7% |
| Czech Republic | 20.1 | 41.5 | 37.5 | 50.7 | 36.1% |
| Austria | N/A | 42.0 | 59.0 | 45.7 | 4.3% |
| Hungary | N/A | N/A | 12.3 | 19.4 | 57.7% |
| Germany | 0.1 | 1.8 | 0.3 | 7.2 | 316.0% |
| Indonesia | 105 | N/A | N/A | N/A | 0% |
| Poland | N/A | 12.8 | 3.2 | N/A | -75.0% |
| Others | 12.9 | 11.1 | 7.7 | 1.3 | -53.5% |
| Total | 138 | 156 | 197 | 299 | 29.4% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Slovakia in 2022:
- Slovenia (37.7 tons)
- Netherlands (5.5 tons)
- Czech Republic (4.7 tons)
- Germany (3.5 tons)
- Austria (2.6 tons)
- Hungary (1.8 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Slovakia
After three years of growth, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -20.7% to 292 kg in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 37%. As a result, the exports reached the peak of 368 kg, and then declined rapidly in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground dropped markedly to $3.8K in 2022. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 1.7 | 3.2 | 4.6 | 3.7 | 29.6% |
| Czech Republic | 0.1 | 0.1 | 0.3 | N/A | 73.2% |
| Austria | 0.1 | 0.3 | 0.5 | N/A | 123.6% |
| Others | 0.4 | 0.2 | 0.1 | 0.1 | -37.0% |
| Total | 2.2 | 3.9 | 5.5 | 3.8 | 20.0% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Slovakia in 2022:
- Hungary (283.0 kg)
- Austria (3.0 kg)
- Czech Republic (2.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Slovakia.
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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 Slovakia.
9341
This report provides an in-depth analysis of the global cinnamon market.
1089
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
1089
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
9573
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
