Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Pakistan - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Pakistan (FOB) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Pakistan (CIF) - 2022
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Pakistan
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Pakistan
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Pakistan (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $9,640 per ton in 2022, jumping by 59% against the previous year. Overall, the export price continues to indicate a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Kuwait ($13,660 per ton), while the average price for exports to the United Arab Emirates ($3,505 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 Kuwait (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Pakistan (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $7,018 per ton, increasing by 350% against the previous year. Overall, the import price posted a resilient increase. As a result, import price attained the peak level and is likely to continue 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 Tanzania ($54,400 per ton), while the price for Germany ($2,480 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+26.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Pakistan
In 2022, approx. 1.7 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were exported from Pakistan; with a decrease of -5% compared with the previous year. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 709%. As a result, the exports reached the peak of 1.8 tons, and then shrank in the following year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $17K in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 438%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 1.2 | 4.9 | 308.3% |
| Oman | N/A | N/A | N/A | 4.1 | 0% |
| Saudi Arabia | N/A | N/A | N/A | 3.2 | 0% |
| Kuwait | 0.5 | 0.1 | 0.7 | 2.0 | 58.7% |
| Sudan | 0.4 | N/A | N/A | 1.0 | 35.7% |
| United Arab Emirates | 5.2 | 1.8 | 5.3 | 0.7 | -48.7% |
| Egypt | N/A | N/A | N/A | 0.5 | 0% |
| Canada | N/A | N/A | 1.8 | N/A | 0% |
| Others | 0.3 | 0.1 | 1.9 | 0.3 | 0.0% |
| Total | 6.4 | 2.0 | 11.0 | 16.7 | 37.7% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Pakistan in 2022:
- United States (450.0 kg)
- Saudi Arabia (352.0 kg)
- Oman (347.0 kg)
- United Arab Emirates (200.0 kg)
- Kuwait (144.0 kg)
- Sudan (120.0 kg)
- Egypt (57.0 kg)
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Pakistan
In 2022, overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -63.3% to 112 kg for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. As a result, imports attained the peak of 305 kg, and then fell remarkably in the following year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $786 in 2022. In general, imports, however, continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Tanzania | N/A | N/A | 272 | 0% | |
| Egypt | N/A | N/A | 266 | 0% | |
| Germany | N/A | N/A | 248 | 0% | |
| Indonesia | N/A | 17.0 | N/A | 0% | |
| United Arab Emirates | 361 | 459 | N/A | 27.1% | |
| Madagascar | 59.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 420 | 476 | 786 | 36.8% | |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Pakistan in 2022:
- Germany (100.0 kg)
- Egypt (7.0 kg)
- Tanzania (5.0 kg)
1015
This report provides an in-depth analysis of the cinnamon market in Pakistan.
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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 Pakistan.
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This report provides an in-depth analysis of the global cinnamon market.
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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...
2636
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.
