Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Tanzania - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Tanzania (FOB) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Tanzania (CIF) - 2022
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Tanzania
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Tanzania
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Tanzania (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $3,490 per ton in 2022, with an increase of 3.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 64% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,532 per ton in 2012; afterwards, it flattened through to 2022.
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 South Africa ($5,883 per ton), while the average price for exports to Lebanon ($1,671 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 South Africa (+16.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Tanzania (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $1,380 per ton, with a decrease of -26.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 63% against the previous year. The import price peaked at $2,397 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($2,002 per ton), while the price for China amounted to $1,179 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Tanzania
Exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Tanzania reduced sharply to 290 tons in 2022, waning by -18.8% on 2021 figures. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted significantly to $1M in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 119 | 214 | 238 | 455 | 56.4% |
| Germany | 18.1 | 149 | 364 | 179 | 114.6% |
| South Africa | N/A | N/A | N/A | 121 | 0% |
| United Kingdom | 14.0 | 10.0 | 21.7 | 89.1 | 85.3% |
| France | N/A | 30.7 | N/A | 51.8 | 29.9% |
| Lebanon | N/A | N/A | N/A | 23.4 | 0% |
| Kenya | 38.3 | 8.4 | 10.4 | N/A | -47.9% |
| Austria | 80.4 | 142 | 116 | N/A | 20.1% |
| Italy | 18.9 | 12.6 | 29.4 | N/A | 24.7% |
| Turkey | N/A | N/A | 17.1 | N/A | 0% |
| Bahrain | N/A | N/A | 62.9 | N/A | 0% |
| Others | 920 | 173 | 342 | 91.6 | -53.7% |
| Total | 1,208 | 740 | 1,201 | 1,011 | -5.8% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Tanzania in 2022:
- Netherlands (128.1 tons)
- Germany (56.3 tons)
- United Kingdom (35.9 tons)
- France (28.0 tons)
- South Africa (20.6 tons)
- Lebanon (14.0 tons)
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Tanzania
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Tanzania skyrocketed to 19 tons in 2022, surging by 82% compared with the previous year. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground surged to $26K in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 10.4 | 2.2 | 17.0 | 55.7% |
| United Arab Emirates | 17.1 | 8.9 | 16.4 | 9.3 | -18.4% |
| Others | 0.4 | 0.5 | 1.1 | N/A | 65.8% |
| Total | 22.0 | 19.8 | 19.6 | 26.3 | 6.1% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Tanzania in 2022:
- China (14.4 tons)
- United Arab Emirates (4.7 tons)
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This report provides an in-depth analysis of the cinnamon market in Tanzania.
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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 Tanzania.
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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...
2637
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
9583
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3878
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
1091
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2637
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
9583
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
