Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Portugal - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Portugal (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Portugal (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Portugal
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Portugal
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Portugal (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $6,202 per ton, waning by -15.5% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 31% against the previous year. The import price peaked at $7,342 per ton in 2021, and then fell significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($10,323 per ton), while the price for Vietnam ($2,365 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.7%), 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 Portugal (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $9,084 per ton, picking up by 19% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 30%. Over the period under review, the average export prices hit record highs at $9,468 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($13,454 per ton), while the average price for exports to Belgium ($1,384 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 Spain (+9.7%), 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 Portugal
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground imported into Portugal expanded significantly to 297 tons, growing by 9.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted to $1.8M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 963 | 1,338 | 1,170 | 741 | -8.4% |
| Spain | 244 | 202 | 306 | 334 | 11.0% |
| Poland | N/A | 3.7 | N/A | 261 | 739.9% |
| Indonesia | 169 | 129 | 141 | 220 | 9.2% |
| Germany | 134 | 122 | 163 | 92.7 | -11.6% |
| Vietnam | 93.0 | 59.1 | 65.6 | 74.5 | -7.1% |
| Netherlands | 2.9 | 63.8 | 110 | 74.4 | 194.9% |
| Others | 28.8 | 37.3 | 34.3 | 44.8 | 15.9% |
| Total | 1,635 | 1,954 | 1,990 | 1,843 | 4.1% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Portugal in 2022:
- Spain (81.3 tons)
- France (71.8 tons)
- Indonesia (62.5 tons)
- Vietnam (31.5 tons)
- Poland (25.5 tons)
- Netherlands (10.8 tons)
- Germany (9.7 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Portugal
In 2022, shipments abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -29.4% to 66 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of 93 tons, and then fell notably in the following year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground fell notably to $600K in 2022. The total export value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 322 | 515 | 419 | 388 | 6.4% |
| Angola | 80.0 | 22.5 | 47.8 | 140 | 20.5% |
| France | 21.6 | 24.2 | 16.6 | 17.8 | -6.2% |
| Cabo Verde | 20.3 | 21.7 | 24.2 | 16.6 | -6.5% |
| Mozambique | 4.7 | 8.9 | 6.0 | 8.9 | 23.7% |
| Luxembourg | 6.3 | 15.4 | 6.5 | 5.3 | -5.6% |
| Belgium | 7.5 | 1.5 | 1.9 | 1.6 | -40.2% |
| Senegal | N/A | N/A | 145 | N/A | 0% |
| Others | 27.9 | 34.0 | 49.6 | 21.2 | -8.7% |
| Total | 490 | 643 | 716 | 600 | 7.0% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Portugal in 2022:
- Spain (28.9 tons)
- Angola (24.3 tons)
- Luxembourg (3.6 tons)
- France (2.4 tons)
- Cabo Verde (2.0 tons)
- Mozambique (1.6 tons)
- Belgium (1.2 tons)
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This report provides an in-depth analysis of the cinnamon market in Portugal.
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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 Portugal.
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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.
