Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Saudi Arabia - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Saudi Arabia (FOB) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Saudi Arabia (CIF) - 2022
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Saudi Arabia
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Saudi Arabia
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Saudi Arabia (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $1,415 per ton in 2021, jumping by 25% against the previous year. Over the last one-year period, it increased at an average annual rate of +25.5%. 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($6,829 per ton), while the average price for exports to the United Arab Emirates stood at $1,075 per ton.
From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-80.8%).
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Saudi Arabia (CIF) - 2022
In 2021, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $4,575 per ton, jumping by 58% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2018 an increase of 107%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Egypt ($15,669 per ton), while the price for China ($2,534 per ton) was amongst the lowest.
From 2014 to 2021, the most notable rate of growth in terms of prices was attained by India (+61.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Saudi Arabia
Exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Saudi Arabia fell markedly to 1.1 tons in 2022, with a decrease of -93.2% compared with the previous year's figure. Overall, exports recorded a dramatic contraction. The smallest decline of -22.4% was in 2020.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank notably to $2.7K in 2022. Over the period under review, exports faced a sharp slump. The smallest decline of -13% was in 2020.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| United Arab Emirates | 5.6 | 16.1 | 187.5% | ||
| Kuwait | N/A | 6.4 | 0% | ||
| Others | 24.2 | N/A | 0% | ||
| Total | 29.8 | 22.6 | -24.2% | ||
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Saudi Arabia in 2022:
- United Arab Emirates (15.0 tons)
- Kuwait (0.9 tons)
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Saudi Arabia
After two years of growth, overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -43.2% to 176 tons in 2021. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 254%. As a result, imports attained the peak of 309 tons, and then contracted sharply in the following year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground reduced to $803K in 2021. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 258%. As a result, imports attained the peak of $892K, and then dropped in the following year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 29.7 | 395 | 304 | 219.9% | |
| United States | 119 | 93.4 | 227 | 38.1% | |
| Indonesia | 39.9 | 71.0 | 109 | 65.3% | |
| United Arab Emirates | 21.5 | 44.2 | 61.2 | 68.7% | |
| Bahrain | N/A | N/A | 25.5 | 0% | |
| Sri Lanka | N/A | 77.0 | 23.2 | -69.9% | |
| India | 5.0 | N/A | 12.4 | 57.5% | |
| Vietnam | 12.3 | 11.4 | 5.5 | -33.1% | |
| Egypt | N/A | 193 | 4.2 | -97.8% | |
| Others | 21.5 | 7.5 | 30.7 | 19.5% | |
| Total | 249 | 892 | 803 | 79.6% | |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Saudi Arabia in 2022:
- China (120.0 tons)
- United States (22.2 tons)
- United Arab Emirates (12.4 tons)
- Indonesia (8.2 tons)
- Bahrain (3.6 tons)
- India (2.8 tons)
- Sri Lanka (1.6 tons)
- Vietnam (0.9 tons)
- Egypt (0.3 tons)
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This report provides an in-depth analysis of the cinnamon market in Saudi Arabia.
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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 Saudi Arabia.
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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...
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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.
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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
1108
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.
