Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Norway - 2024
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Norway (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Norway (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Norway
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Norway
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Norway (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $12,023 per ton, increasing by 11% against the previous year. Overall, the import price showed a buoyant expansion. The pace of growth was the most pronounced in 2017 an increase of 147% against the previous year. Over the period under review, average import prices hit record highs at $12,936 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 Sri Lanka ($28,424 per ton), while the price for China ($7,154 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+28.4%), 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 Norway (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $7,462 per ton in 2022, growing by 12% against the previous year. In general, the export price, however, saw a perceptible contraction. The growth pace was the most rapid in 2018 when the average export price increased by 78% against the previous year. As a result, the export price attained the peak level of $10,467 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($10,000 per ton), while the average price for exports to Namibia ($3,000 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 Sweden (-4.1%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Norway
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Norway contracted dramatically to 10 tons in 2022, declining by -60.5% against the previous year's figure. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 122% against the previous year. As a result, imports attained the peak of 26 tons, and then fell remarkably in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank significantly to $123K in 2022. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, imports reached the peak of $280K, and then contracted notably in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 67.2 | 25.3 | 21.8 | 57.1 | -5.3% |
| China | 5.9 | 8.5 | 17.5 | 43.0 | 93.9% |
| Sri Lanka | 13.3 | 39.5 | 31.7 | 14.2 | 2.2% |
| Madagascar | 2.2 | 3.5 | 1.1 | 1.7 | -8.2% |
| Sweden | 4.6 | 5.4 | 3.9 | N/A | -7.9% |
| Others | 54.9 | 68.4 | 204 | 6.7 | -50.4% |
| Total | 148 | 151 | 280 | 123 | -6.0% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Norway in 2022:
- China (6.0 tons)
- Indonesia (3.0 tons)
- Sri Lanka (0.5 tons)
- Madagascar (0.2 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Norway
In 2022, after two years of decline, there was significant growth in overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, when their volume increased by 117% to 13 kg. Overall, exports, however, showed a sharp shrinkage.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground skyrocketed to $97 in 2022. Over the period under review, exports, however, recorded a dramatic setback.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Norway (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 105 | 144 | 32.0 | 54.0 | -19.9% |
| Denmark | N/A | N/A | N/A | 20.0 | 0% |
| Namibia | 12.0 | N/A | N/A | 3.0 | -37.0% |
| Switzerland | N/A | N/A | 8.0 | N/A | 0% |
| Others | 73.0 | 8.0 | N/A | 20.0 | -35.1% |
| Total | 190 | 152 | 40.0 | 97.0 | -20.1% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Norway in 2022:
- Sweden (8.0 kg)
- Denmark (2.0 kg)
- Namibia (1.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Norway.
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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 Norway.
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...
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
9570
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3877
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.
2877
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
2257
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
9570
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
