Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Chile - 2024
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Chile (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Chile (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Chile
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Chile
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Chile (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $7,959 per ton, with an increase of 48% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($17,631 per ton), while the price for China ($1,523 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Chile (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $11,615 per ton in 2022, increasing by 27% against the previous year. Overall, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 259% against the previous year. The export price peaked at $33,423 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($12,680 per ton), while the average price for exports to Canada ($10,500 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 Canada (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Chile
Imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground into Chile contracted remarkably to 70 tons in 2022, dropping by -44.1% against the previous year's figure. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 292%. As a result, imports reached the peak of 126 tons, and then dropped dramatically in the following year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground dropped remarkably to $560K in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 233% against the previous year. As a result, imports reached the peak of $676K, and then contracted rapidly in the following year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 132 | 56.6 | 375 | 253 | 24.2% |
| United States | 31.1 | 33.0 | 63.0 | 105 | 50.0% |
| Indonesia | 51.8 | 32.1 | 11.3 | 60.5 | 5.3% |
| Spain | 11.8 | 26.8 | 42.4 | 53.6 | 65.6% |
| Vietnam | 17.4 | 12.4 | 38.2 | 30.8 | 21.0% |
| India | 12.6 | 22.6 | 68.2 | 17.3 | 11.1% |
| China | 7.5 | 6.5 | 38.5 | 12.4 | 18.2% |
| Germany | 4.0 | N/A | 17.6 | 5.1 | 8.4% |
| Others | 8.4 | 12.7 | 21.9 | 22.7 | 39.3% |
| Total | 276 | 203 | 676 | 560 | 26.6% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Chile in 2022:
- Sri Lanka (35.8 tons)
- China (8.2 tons)
- United States (8.1 tons)
- Vietnam (5.1 tons)
- Indonesia (3.9 tons)
- Spain (3.0 tons)
- India (2.6 tons)
- Germany (1.0 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Chile
In 2022, approx. 234 kg of spices; cinnamon and cinnamon-tree flowers, crushed or ground were exported from Chile; falling by -91.7% against the year before. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 14,080%. As a result, the exports reached the peak of 2.8 tons, and then shrank significantly in the following year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground fell notably to $2.7K in 2022. In general, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 11,510% against the previous year. As a result, the exports attained the peak of $26K, and then fell sharply in the following year.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | 0.2 | 0.9 | 2.0 | 216.2% |
| Colombia | N/A | N/A | N/A | 0.6 | 0% |
| Peru | N/A | N/A | 24.9 | N/A | 0% |
| France | 10.4 | N/A | N/A | N/A | 0% |
| Canada | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.4 | 0.2 | 25.9 | 2.7 | -36.2% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Chile in 2022:
- Mexico (180.0 kg)
- Colombia (50.0 kg)
- Canada (4.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Chile.
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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 Chile.
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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
1120
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2682
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
9782
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
