Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kuwait - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kuwait (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kuwait (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kuwait
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kuwait
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kuwait (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $4,608 per ton in 2022, picking up by 26% against the previous year. Over the period under review, the import price posted a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 43% against the previous year. Over the period under review, average import prices reached the peak figure 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 China ($5,645 per ton), while the price for Jordan ($2,005 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.9%), 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 Kuwait (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $7,976 per ton in 2022, reducing by -22.8% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 66%. As a result, the export price attained the peak level of $12,792 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Canada ($11,000 per ton) and the United Arab Emirates ($8,023 per ton), while the average price for exports to Oman ($7,925 per ton) and Saudi Arabia ($7,938 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+13.9%), 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 Kuwait
In 2022, approx. 26 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were imported into Kuwait; which is down by -55.5% compared with 2021. In general, imports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground declined sharply to $118K in 2022. Over the period under review, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 62.5 | 7.0 | 3.0 | 38.6 | -14.8% |
| Sri Lanka | 34.4 | 11.9 | 19.9 | 20.3 | -16.1% |
| United States | 12.0 | 6.9 | 38.3 | 16.8 | 11.9% |
| Syrian Arab Republic | 20.5 | 18.7 | 26.6 | 15.6 | -8.7% |
| Vietnam | 22.9 | 24.4 | 48.1 | 7.2 | -32.0% |
| China | 88.4 | 51.1 | 41.1 | 6.3 | -58.5% |
| Jordan | 2.9 | 4.4 | 2.7 | 1.3 | -23.5% |
| India | 18.4 | 11.1 | 6.1 | 0.6 | -68.1% |
| Others | 19.8 | 15.5 | 24.2 | 11.3 | -17.1% |
| Total | 282 | 151 | 210 | 118 | -25.2% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Kuwait in 2022:
- Indonesia (6.8 tons)
- Syrian Arab Republic (5.8 tons)
- Sri Lanka (3.6 tons)
- United States (3.0 tons)
- Vietnam (2.6 tons)
- China (1.1 tons)
- Jordan (0.7 tons)
- India (0.2 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kuwait
In 2022, shipments abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground increased by 3.8% to 297 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a dramatic slump.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground declined sharply to $2.4K in 2022. In general, exports, however, recorded a significant decrease.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.9 | 1.0 | 1.6 | 1.2 | -14.2% |
| Oman | 1.5 | 2.3 | 0.5 | 0.5 | -30.7% |
| United Arab Emirates | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Qatar | 2.1 | 0.3 | 0.5 | 0.3 | -47.7% |
| Others | 0.5 | 0.1 | N/A | N/A | -80.0% |
| Total | 6.0 | 3.7 | 3.0 | 2.4 | -26.3% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Kuwait in 2022:
- Saudi Arabia (145.0 kg)
- Oman (67.0 kg)
- United Arab Emirates (43.0 kg)
- Qatar (40.0 kg)
463
This report provides an in-depth analysis of the cinnamon market in Kuwait.
9310
This report provides an in-depth analysis of the global cinnamon market.
463
This report provides an in-depth analysis of the cinnamon market in Kuwait.
9310
This report provides an in-depth analysis of the global cinnamon market.
1083
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2629
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
9544
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3864
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.
4423
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.
2867
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
2251
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
1083
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2629
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
9544
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
