Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Argentina - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Argentina (CIF) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Argentina
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Argentina (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $3,873 per ton in 2022, picking up by 3.4% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.8% 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 decreased by -0.3% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 27% against the previous year. The import price peaked at $3,885 per ton in 2020; afterwards, it flattened through to 2022.
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 Spain ($8,221 per ton), while the price for China ($2,537 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Argentina
After three years of growth, purchases abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -55.5% to 152 tons in 2022. In general, imports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2020 when imports increased by 80%.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground fell dramatically to $588K in 2022. Overall, imports, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 87%.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 160 | 372 | 390 | 330 | 27.3% |
| Vietnam | 103 | 109 | 220 | 140 | 10.8% |
| Sri Lanka | 187 | 354 | 414 | 39.9 | -40.2% |
| China | 33.9 | 134 | 223 | 36.2 | 2.2% |
| Spain | N/A | 1.0 | 16.5 | 22.2 | 371.2% |
| Indonesia | 48.0 | 23.2 | 12.2 | 18.5 | -27.2% |
| Others | N/A | N/A | 2.2 | 0.7 | -68.2% |
| Total | 532 | 993 | 1,278 | 588 | 3.4% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Argentina in 2022:
- Madagascar (68.0 tons)
- Vietnam (52.2 tons)
- China (14.3 tons)
- Sri Lanka (10.4 tons)
- Indonesia (4.0 tons)
- Spain (2.7 tons)
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This report provides an in-depth analysis of the cinnamon market in Argentina.
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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 Argentina.
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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
1141
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2717
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
9954
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
