Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil - 2024
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3,928 per ton, with an increase of 33% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The growth pace was the most rapid in 2015 an increase of 441%. As a result, import price reached the peak level of $7,260 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($4,304 per ton), while the price for China ($3,308 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3,283 per ton, increasing by 6.4% against the previous year. Over the period under review, the export price showed mild growth. The most prominent rate of growth was recorded in 2013 an increase of 72%. The export price peaked at $7,873 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($10,355 per ton), while the average price for exports to Paraguay ($2,669 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 Chile (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil
After three years of growth, overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -30.5% to 563 tons in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 113%.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted to $2.2M in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 142%.
Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 575 | 917 | 844 | 1,916 | 49.4% |
China | 27.4 | 917 | 1,100 | 207 | 96.2% |
Indonesia | 201 | 171 | 244 | 43.4 | -40.0% |
Others | 45.6 | 47.3 | 197 | 46.0 | 0.3% |
Total | 849 | 2,052 | 2,385 | 2,212 | 37.6% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Brazil in 2022:
- Vietnam (483.1 tons)
- China (62.5 tons)
- Indonesia (10.1 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil
For the fourth year in a row, Brazil recorded growth in overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground, which increased by 58% to 20 tons in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 428% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $67K in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 196%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Paraguay | 0.1 | 17.1 | 32.8 | 49.1 | 688.9% |
Chile | N/A | 0.4 | N/A | 3.9 | 212.2% |
Angola | N/A | 0.4 | 0.5 | 3.6 | 200.0% |
Venezuela | N/A | 2.9 | N/A | 0.2 | -73.7% |
Bolivia | 4.2 | 0.1 | N/A | 0.1 | -71.2% |
Others | 5.6 | 8.2 | 6.5 | 10.0 | 21.3% |
Total | 9.8 | 29.0 | 39.8 | 66.9 | 89.7% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Brazil in 2022:
- Paraguay (18.4 tons)
- Chile (0.4 tons)
- Angola (0.3 tons)
This report provides an in-depth analysis of the cinnamon market in Brazil.
This report provides an in-depth analysis of the global cinnamon market.
This report provides an in-depth analysis of the cinnamon market in Brazil.
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...
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.