Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Luxembourg - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Luxembourg (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Luxembourg (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Luxembourg
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Luxembourg
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Luxembourg (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $13,672 per ton, falling by -10% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. The import price peaked at $25,752 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 the Netherlands ($18,418 per ton), while the price for Germany ($8,785 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.6%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Luxembourg (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $16,500 per ton, increasing by 4.3% against the previous year. Overall, the export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 73%. Over the period under review, the average export prices reached the peak figure at $18,793 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($31,952 per ton), while the average price for exports to Azerbaijan ($7,320 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 France (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Luxembourg
In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground, when their volume decreased by -14% to 5.4 tons. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 14%.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank markedly to $74K in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 27%.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.8 | 35.0 | 41.6 | 22.6 | 42.6% |
| Belgium | 30.2 | 13.4 | 18.7 | 20.1 | -12.7% |
| France | 13.5 | 13.6 | 13.6 | 14.9 | 3.3% |
| Germany | 6.6 | 14.8 | 14.3 | 11.0 | 18.6% |
| Portugal | 4.2 | 8.5 | 7.6 | 5.6 | 10.1% |
| Others | 5.2 | 0.4 | 0.4 | 0.2 | -66.2% |
| Total | 67.6 | 85.8 | 96.2 | 74.5 | 3.3% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Luxembourg in 2022:
- France (1414.0 kg)
- Germany (1253.0 kg)
- Netherlands (1229.0 kg)
- Belgium (1160.0 kg)
- Portugal (384.0 kg)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Luxembourg
In 2022, approx. 136 kg of spices; cinnamon and cinnamon-tree flowers, crushed or ground were exported from Luxembourg; rising by 6.2% against 2021 figures. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground expanded remarkably to $2.2K in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +62.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Luxembourg (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 729 | 797 | 968 | 979 | 10.3% |
| France | 338 | 348 | 703 | 671 | 25.7% |
| Germany | 147 | 230 | 315 | 411 | 40.9% |
| Azerbaijan | N/A | 80.0 | N/A | 183 | 51.2% |
| Others | 170 | 50.0 | 38.0 | N/A | -52.7% |
| Total | 1,384 | 1,505 | 2,024 | 2,244 | 17.5% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Luxembourg in 2022:
- Germany (47.0 kg)
- Belgium (43.0 kg)
- Azerbaijan (25.0 kg)
- France (21.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Luxembourg.
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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 Luxembourg.
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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...
2652
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
9638
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
