Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Japan - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Japan (CIF) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Japan
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Japan (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $15,103 per ton, growing by 48% against the previous year. Overall, the import price saw a strong expansion. The growth pace was the most rapid in 2015 when the average import price increased by 94% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($30,025 per ton), while the price for China ($3,471 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Japan
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Japan contracted dramatically to 56 tons in 2022, which is down by -57.8% against 2021 figures. Overall, imports recorded a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, imports reached the peak of 133 tons, and then shrank remarkably in the following year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank dramatically to $848K in 2022. Over the period under review, imports recorded a slight decline. The growth pace was the most rapid in 2021 when imports increased by 87% against the previous year. As a result, imports reached the peak of $1.4M, and then fell sharply in the following year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 430 | 316 | 996 | 670 | 15.9% |
| Vietnam | 47.4 | 53.3 | 31.9 | 62.2 | 9.5% |
| India | 41.9 | 36.5 | 42.0 | 52.0 | 7.5% |
| China | 375 | 314 | 278 | 49.8 | -49.0% |
| Others | N/A | 7.5 | 11.6 | 14.5 | 39.0% |
| Total | 894 | 727 | 1,359 | 848 | -1.7% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Japan in 2022:
- Sri Lanka (22.3 tons)
- China (14.3 tons)
- India (9.5 tons)
- Vietnam (9.2 tons)
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This report provides an in-depth analysis of the cinnamon market in Japan.
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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 Japan.
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This report provides an in-depth analysis of the global cinnamon market.
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In April 2023, the Cinnamon price rose to $5,824 per ton (CIF, Japan), marking a 17% increase compared to the previous month.
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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
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In April 2023, the Cinnamon price rose to $5,824 per ton (CIF, Japan), marking a 17% increase compared to the previous month.
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The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
