Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Luxembourg - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Luxembourg (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Luxembourg (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Luxembourg
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Luxembourg
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Luxembourg (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $22,667 per ton in 2022, growing by 3.1% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground increased by +66.6% against 2015 indices. The growth pace was the most rapid in 2013 when the average import price increased by 32%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Germany ($25,389 per ton), while the price for Portugal ($16,027 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.7%), 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 Luxembourg (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $34,027 per ton, surging by 18% against the previous year. Over the period under review, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 52% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($36,768 per ton), while the average price for exports to Azerbaijan ($16,833 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 France (+10.2%), 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 Luxembourg
In 2022, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Luxembourg declined to 1.7 tons, which is down by -12.9% on 2021. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of 2 tons, and then reduced in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground fell to $39K in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of $43K, and then dropped in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.4 | 14.1 | 25.4 | 20.2 | 17.7% |
| Germany | 1.3 | 3.7 | 7.5 | 7.9 | 82.5% |
| Netherlands | 3.5 | 3.4 | 4.1 | 4.5 | 8.7% |
| Belgium | 0.8 | 3.9 | 3.1 | 3.2 | 58.7% |
| Portugal | 0.8 | 1.8 | 2.0 | 3.0 | 55.4% |
| United Kingdom | N/A | 0.5 | 0.4 | N/A | -20.0% |
| India | 0.9 | N/A | 0.5 | N/A | -25.5% |
| Others | 2.1 | N/A | 0.2 | 0.1 | -63.8% |
| Total | 21.8 | 27.3 | 43.2 | 38.8 | 21.2% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Luxembourg in 2022:
- France (844.0 kg)
- Germany (311.0 kg)
- Netherlands (232.0 kg)
- Portugal (186.0 kg)
- Belgium (126.0 kg)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Luxembourg
In 2022, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Luxembourg expanded sharply to 150 kg, increasing by 14% on the previous year. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 222%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground surged to $5.1K in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 217% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Luxembourg (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 792 | 714 | 1,837 | 2,537 | 47.4% |
| France | 374 | 380 | 1,536 | 1,757 | 67.5% |
| Germany | 105 | 109 | 409 | 559 | 74.6% |
| Netherlands | N/A | N/A | 31.0 | 150 | 383.9% |
| Azerbaijan | N/A | N/A | N/A | 101 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,271 | 1,203 | 3,813 | 5,104 | 58.9% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Luxembourg in 2022:
- Belgium (69.0 kg)
- France (52.0 kg)
- Germany (16.0 kg)
- Netherlands (7.0 kg)
- Azerbaijan (6.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Luxembourg.
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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 Luxembourg.
9341
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
9567
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
1088
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2635
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
9567
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
