Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uzbekistan - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uzbekistan (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uzbekistan (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uzbekistan
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uzbekistan
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uzbekistan (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $784 per ton in 2022, surging by 97% against the previous year. Over the period under review, the import price showed significant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 165%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Vietnam ($943 per ton), while the price for Mexico ($85 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+57.5%), 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 Uzbekistan (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $15,400 per ton in 2022, rising by 67% against the previous year. In general, the export price saw significant growth. The pace of growth was the most pronounced in 2020 an increase of 117% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2019 to 2022, the rate of growth in terms of prices for Germany amounted to +8.8% per year.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uzbekistan
In 2022, supplies from abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -31.1% to 40 tons, falling for the second consecutive year after two years of growth. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 779% against the previous year. As a result, imports attained the peak of 113 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground skyrocketed to $32K in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,330% against the previous year. As a result, imports attained the peak of $47K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 26.0 | 7.8 | 20.7 | 491.5% |
| Vietnam | 0.1 | N/A | 1.3 | 8.4 | 338.0% |
| United Arab Emirates | 1.7 | 20.2 | 13.4 | 2.6 | 15.2% |
| Mexico | N/A | N/A | N/A | 0.1 | 0% |
| Indonesia | 0.4 | 0.4 | 0.7 | N/A | 32.3% |
| Others | 0.9 | 0.5 | 0.1 | N/A | -66.7% |
| Total | 3.3 | 47.1 | 23.4 | 31.7 | 112.6% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Uzbekistan in 2022:
- China (22.7 tons)
- Vietnam (8.9 tons)
- United Arab Emirates (7.9 tons)
- Mexico (1.0 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uzbekistan
After three years of growth, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -78.4% to 40 kg in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 363% against the previous year. As a result, the exports reached the peak of 185 kg, and then declined significantly in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground fell significantly to $616 in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 382% against the previous year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Uzbekistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 494 | 1,704 | 616 | 11.7% |
| United Arab Emirates | 105 | 12.0 | N/A | N/A | -88.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 105 | 506 | 1,704 | 616 | 80.4% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Uzbekistan in 2022:
- Germany (40.0 kg)
360
This report provides an in-depth analysis of the cinnamon market in Uzbekistan.
9296
This report provides an in-depth analysis of the global cinnamon market.
360
This report provides an in-depth analysis of the cinnamon market in Uzbekistan.
9296
This report provides an in-depth analysis of the global cinnamon market.
1078
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2621
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
9535
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3858
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.
4417
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.
2864
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
2245
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
1078
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2621
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
9535
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
