Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Poland - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Poland (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Poland (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Poland
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Poland
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Poland (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $5,076 per ton in 2022, almost unchanged from the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground increased by +16.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26%. Over the period under review, average import prices hit record highs at $5,101 per ton in 2021, and then shrank slightly in the following year.
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 France ($7,655 per ton), while the price for Vietnam ($2,464 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.5%), 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 Poland (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $6,887 per ton, increasing by 6.8% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground increased by +94.3% against 2015 indices. The pace of growth was the most pronounced in 2018 an increase of 35%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($20,493 per ton), while the average price for exports to France ($3,650 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 Netherlands (+24.6%), 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 Poland
In 2022, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground into Poland soared to 1.4K tons, jumping by 73% on the previous year. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $7.3M in 2022. In general, imports continue to indicate significant growth. 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 Poland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 80.8 | 1,479 | 947 | 1,850 | 184.0% |
| Germany | 234 | 341 | 651 | 1,850 | 99.2% |
| Czech Republic | 0.9 | 729 | 795 | 1,492 | 1083.5% |
| Vietnam | 763 | 292 | 272 | 712 | -2.3% |
| Netherlands | 122 | 675 | 912 | 690 | 78.2% |
| Indonesia | 1,530 | 150 | 90.1 | 290 | -42.6% |
| Israel | 32.0 | 109 | 47.1 | 164 | 72.4% |
| Greece | 318 | 7.0 | N/A | 19.5 | -60.6% |
| India | 260 | 12.6 | 55.5 | N/A | -53.8% |
| Others | 319 | 413 | 481 | 231 | -10.2% |
| Total | 3,660 | 4,208 | 4,251 | 7,300 | 25.9% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Poland in 2022:
- Germany (378.8 tons)
- Vietnam (289.1 tons)
- France (241.7 tons)
- Czech Republic (224.3 tons)
- Netherlands (119.4 tons)
- Indonesia (85.5 tons)
- Israel (58.6 tons)
- Greece (9.2 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Poland
For the fourth consecutive year, Poland recorded growth in shipments abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground, which increased by 18% to 466 tons in 2022. The total export volume increased at an average annual rate of +13.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground surged to $3.2M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.1% 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 +95.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 30%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Poland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 374 | 369 | 368 | 783 | 27.9% |
| Romania | 330 | 416 | 496 | 622 | 23.5% |
| Germany | 8.6 | 282 | 349 | 432 | 269.0% |
| Portugal | N/A | N/A | 0.1 | 261 | 260900.0% |
| Slovakia | 129 | 89.3 | 174 | 173 | 10.3% |
| Russia | 448 | 498 | 431 | 144 | -31.5% |
| Hungary | 21.7 | 66.8 | 81.2 | 132 | 82.5% |
| Denmark | N/A | 0.3 | 82.5 | 116 | 1866.4% |
| Latvia | 49.8 | 41.0 | 53.8 | 77.7 | 16.0% |
| France | 34.3 | 33.7 | 53.4 | 37.8 | 3.3% |
| Sweden | 16.6 | 16.5 | 32.2 | 32.9 | 25.6% |
| Others | 229 | 328 | 425 | 400 | 20.4% |
| Total | 1,641 | 2,141 | 2,545 | 3,210 | 25.1% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Poland in 2022:
- Czech Republic (158.3 tons)
- Romania (57.4 tons)
- Germany (44.5 tons)
- Hungary (34.5 tons)
- Slovakia (33.2 tons)
- Portugal (25.5 tons)
- Latvia (18.2 tons)
- Denmark (15.6 tons)
- Russia (14.9 tons)
- France (10.4 tons)
- Sweden (8.7 tons)
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This report provides an in-depth analysis of the cinnamon market in Poland.
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This report provides an in-depth analysis of the cinnamon market in Poland.
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This report provides an in-depth analysis of the global cinnamon market.
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