Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bulgaria - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bulgaria (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bulgaria (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bulgaria
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bulgaria
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bulgaria (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $4,124 per ton, picking up by 11% against the previous year. In general, the import price enjoyed prominent growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 40%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($12,631 per ton), while the price for Latvia ($2,263 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.7%), 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 Bulgaria (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $5,453 per ton in 2022, growing by 7.1% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground increased by +102.1% against 2015 indices. The pace of growth was the most pronounced in 2019 an increase of 45% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($26,500 per ton), while the average price for exports to Georgia ($2,957 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 Moldova (+24.3%), 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 Bulgaria
In 2022, purchases abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -37.4% to 94 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground dropped significantly to $387K in 2022. In general, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of $556K, and then contracted markedly in the following year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 76.8 | 201 | 303 | 146 | 23.9% |
| Sri Lanka | 25.4 | 43.0 | 63.8 | 94.2 | 54.8% |
| Austria | 39.2 | 44.5 | 74.4 | 52.6 | 10.3% |
| Poland | 37.7 | 11.9 | 30.7 | 32.0 | -5.3% |
| Greece | 16.9 | 14.7 | 16.6 | 18.0 | 2.1% |
| Latvia | N/A | N/A | 31.0 | 15.9 | -48.7% |
| Germany | 3.7 | 6.5 | 19.3 | 11.0 | 43.8% |
| India | 5.5 | 8.2 | N/A | N/A | 49.1% |
| Indonesia | 45.0 | 22.0 | N/A | N/A | -51.1% |
| Others | 12.1 | 8.9 | 17.6 | 17.1 | 12.2% |
| Total | 262 | 361 | 556 | 387 | 13.9% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Bulgaria in 2022:
- Vietnam (60.4 tons)
- Sri Lanka (12.2 tons)
- Latvia (7.0 tons)
- Poland (4.4 tons)
- Austria (4.2 tons)
- Greece (2.2 tons)
- Germany (1.7 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bulgaria
In 2022, overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -28.7% to 19 tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 58%. As a result, the exports reached the peak of 27 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground declined dramatically to $104K in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 43%.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 9.3 | 20.0 | 24.2 | 32.3 | 51.4% |
| North Macedonia | 16.4 | 22.4 | 35.6 | 23.6 | 12.9% |
| Georgia | N/A | 35.9 | 8.8 | 11.9 | -42.4% |
| Albania | 11.6 | 13.7 | N/A | 6.4 | -18.0% |
| United Kingdom | 0.3 | 0.3 | 1.3 | 6.0 | 171.4% |
| Greece | 14.3 | 11.7 | 27.7 | 5.7 | -26.4% |
| Cyprus | 9.7 | 5.5 | 12.1 | 0.2 | -72.6% |
| Croatia | 19.0 | 6.7 | 7.2 | N/A | -38.4% |
| Others | 6.7 | 8.1 | 19.9 | 18.4 | 40.0% |
| Total | 87.2 | 124 | 137 | 104 | 6.0% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Bulgaria in 2022:
- North Macedonia (6.1 tons)
- Georgia (4.0 tons)
- Romania (3.1 tons)
- Albania (2.1 tons)
- Greece (1.9 tons)
- United Kingdom (0.6 tons)
- Cyprus (0.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Bulgaria.
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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 Bulgaria.
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This report provides an in-depth analysis of the global cinnamon market.
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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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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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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
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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
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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
