Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Angola - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Angola (CIF) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Angola
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Angola (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $2,124 per ton in 2022, surging by 35% against the previous year. In general, the import price, however, recorded a perceptible shrinkage. The import price peaked at $3,705 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($2,822 per ton), while the price for China ($429 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Angola
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground imported into Angola shrank rapidly to 48 tons, waning by -21.6% on the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. As a result, imports attained the peak of 61 tons, and then declined notably in the following year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground expanded markedly to $101K in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | 69.4 | 58.0 | 59.2 | 82.2 | 5.8% |
India | 0.1 | N/A | N/A | 5.4 | 278.0% |
Spain | 10.4 | 2.2 | 8.1 | 5.2 | -20.6% |
Brazil | 0.6 | 0.5 | 0.5 | 3.8 | 85.0% |
South Africa | 3.3 | 4.7 | 0.4 | 1.4 | -24.9% |
United Arab Emirates | 0.4 | 0.7 | 3.2 | 1.2 | 44.2% |
China | 1.5 | 1.5 | 1.3 | 1.0 | -12.6% |
Namibia | 0.7 | 0.8 | 0.9 | N/A | 13.4% |
Vietnam | 8.9 | 6.8 | 18.7 | N/A | 45.0% |
Others | 2.2 | 2.9 | 2.8 | 0.7 | -31.7% |
Total | 97.5 | 78.2 | 95.2 | 101 | 1.2% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Angola in 2022:
- Portugal (36.9 tons)
- China (2.4 tons)
- India (2.3 tons)
- Spain (2.2 tons)
- Brazil (1.5 tons)
- United Arab Emirates (0.8 tons)
- South Africa (0.5 tons)
This report provides an in-depth analysis of the cinnamon market in Angola.
This report provides an in-depth analysis of the global cinnamon market.
This report provides an in-depth analysis of the cinnamon market in Angola.
This report provides an in-depth analysis of the global cinnamon market.
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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
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.