Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Vietnam - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Vietnam (FOB) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Vietnam (CIF) - 2022
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Vietnam
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Vietnam
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Vietnam (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $8,128 per ton, surging by 23% against the previous year. Over the period under review, the export price enjoyed a noticeable increase. The pace of growth was the most pronounced in 2018 an increase of 94%. Over the period under review, the average export prices hit record highs at $10,780 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($8,310 per ton), while the average price for exports to the United Arab Emirates ($4,541 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 the United Arab Emirates (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Vietnam (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $6,253 per ton in 2022, dropping by -4.9% against the previous year. Over the period under review, the import price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 26%. The import price peaked at $6,573 per ton in 2021, and then shrank modestly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($6,253 per ton), while the price for China amounted to $6,253 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.7%).
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Vietnam
After three years of growth, shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -24.2% to 13K tons in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 127%.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined to $109M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 34% against the previous year.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 21.6 | 33.2 | 36.8 | 39.2 | 22.0% |
| United States | 8.0 | 9.0 | 14.2 | 12.9 | 17.3% |
| South Korea | 5.6 | 6.1 | 5.0 | 6.7 | 6.2% |
| Indonesia | 9.2 | 13.6 | 16.0 | 6.2 | -12.3% |
| Brazil | 1.3 | 3.0 | 4.0 | 4.5 | 51.3% |
| Bangladesh | 5.4 | 1.5 | 2.3 | 3.6 | -12.6% |
| Dominican Republic | 1.3 | 3.5 | 3.2 | 3.2 | 35.0% |
| United Arab Emirates | 1.1 | 1.1 | 1.8 | 2.9 | 38.1% |
| Malaysia | 0.8 | 2.2 | 4.0 | 2.4 | 44.2% |
| Taiwan (Chinese) | 2.6 | 3.0 | 2.3 | 2.1 | -6.9% |
| Mexico | 1.5 | 1.0 | 2.6 | 2.1 | 11.9% |
| Others | 14.5 | 20.6 | 23.5 | 22.7 | 16.1% |
| Total | 72.9 | 97.7 | 116 | 109 | 14.3% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Vietnam in 2022:
- India (4.7K tons)
- United States (1.6K tons)
- South Korea (0.8K tons)
- Indonesia (0.7K tons)
- United Arab Emirates (0.6K tons)
- Brazil (0.5K tons)
- Bangladesh (0.4K tons)
- Dominican Republic (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
- Mexico (0.3K tons)
- Malaysia (0.3K tons)
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Vietnam
For the fourth year in a row, Vietnam recorded growth in supplies from abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, which increased by 5.7% to 8.1K tons in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 78%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground reached $51M in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.5 | 21.8 | 42.3 | 45.0 | 74.3% |
| Indonesia | 5.9 | 4.9 | 7.6 | 5.3 | -3.5% |
| Others | 0.3 | 0.3 | 0.6 | 0.4 | 10.1% |
| Total | 14.7 | 27.0 | 50.4 | 50.7 | 51.1% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Vietnam in 2022:
- China (7.2K tons)
- Indonesia (0.9K tons)
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This report provides an in-depth analysis of the cinnamon market in Vietnam.
9387
This report provides an in-depth analysis of the global cinnamon market.
1315
This report provides an in-depth analysis of the cinnamon market in Vietnam.
9387
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...
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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
9639
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
