Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Israel - 2024
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Israel (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Israel (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Israel
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Israel
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Israel (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $6,253 per ton, dropping by -15.5% against the previous year. Overall, the import price, however, saw prominent growth. The growth pace was the most rapid in 2019 when the average import price increased by 48% against the previous year. The import price peaked at $7,400 per ton in 2021, and then shrank rapidly 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 Sri Lanka ($6,254 per ton) and Vietnam ($6,253 per ton), while the price for Singapore ($6,250 per ton) and Hong Kong SAR ($6,253 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.0%), 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 Israel (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $2,000 per ton in 2022, declining by -76.7% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 61% against the previous year. As a result, the export price attained the peak level of $12,532 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to +27.2% per year.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Israel
For the fourth consecutive year, Israel recorded growth in purchases abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, which increased by 25% to 118 tons in 2022. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 322% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground rose markedly to $736K in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 284%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 52.7 | 94.9 | 166 | 401 | 96.7% |
| Indonesia | 5.9 | 26.1 | 44.6 | 159 | 199.8% |
| Hong Kong SAR | 2.7 | 16.6 | 20.6 | 109 | 243.0% |
| Sri Lanka | 0.7 | 10.4 | 8.3 | 53.0 | 323.1% |
| Palestine | 30.3 | 177 | 101 | N/A | 82.6% |
| Others | 6.7 | 55.1 | 357 | 14.0 | 27.8% |
| Total | 99.0 | 380 | 698 | 736 | 95.2% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Israel in 2022:
- Vietnam (64.1 tons)
- Indonesia (25.4 tons)
- Hong Kong SAR (17.4 tons)
- Sri Lanka (8.5 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Israel
In 2022, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Israel skyrocketed to 1 tons, increasing by 687% against 2021 figures. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground skyrocketed to $2K in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Israel (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 2,000 | 0% |
| Peru | 532 | N/A | N/A | N/A | 0% |
| Palestine | 66.0 | 479 | 797 | N/A | 247.5% |
| Others | 22.0 | 161 | 292 | N/A | 264.3% |
| Total | 620 | 640 | 1,089 | 2,000 | 47.8% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Israel in 2022:
- Italy (1.0 tons)
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This report provides an in-depth analysis of the cinnamon market in Israel.
9387
This report provides an in-depth analysis of the global cinnamon market.
612
This report provides an in-depth analysis of the cinnamon market in Israel.
9387
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
9638
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3917
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
2273
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
9638
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
