Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Libya - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Libya (CIF) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Libya
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Libya (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $3,749 per ton in 2022, picking up by 12% against the previous year. In general, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 an increase of 65% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,709 per ton), while the price for Indonesia ($3,149 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Libya
For the third consecutive year, Libya recorded decline in overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground, which decreased by -52.8% to 7.4 tons in 2022. In general, imports showed a dramatic curtailment.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank markedly to $28K in 2022. Overall, imports recorded a dramatic contraction. The smallest decline of -23.5% was in 2020.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 76.3 | 51.3 | 31.8 | 20.8 | -35.2% |
| United States | N/A | N/A | N/A | 2.5 | 0% |
| United Arab Emirates | 14.5 | 18.7 | 16.2 | 1.6 | -52.0% |
| China | 4.4 | 2.9 | 1.7 | 1.1 | -37.0% |
| Others | 4.1 | 3.1 | 2.9 | 1.7 | -25.4% |
| Total | 99.4 | 76.0 | 52.6 | 27.7 | -34.7% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Libya in 2022:
- Indonesia (6.6 tons)
- United States (0.2 tons)
- United Arab Emirates (0.2 tons)
- China (0.2 tons)
449
This report provides an in-depth analysis of the cinnamon market in Libya.
9394
This report provides an in-depth analysis of the global cinnamon market.
449
This report provides an in-depth analysis of the cinnamon market in Libya.
9394
This report provides an in-depth analysis of the global cinnamon market.
1108
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2653
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
9648
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3927
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.
4440
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.
2890
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
2274
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
1108
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2653
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
9648
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
