Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Argentina - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Argentina (CIF) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Argentina
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Argentina (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $11,551 per ton, dropping by -3% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 (cinnamomum zeylanicum blume), neither crushed nor ground increased by +81.7% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 47% against the previous year. Over the period under review, average import prices hit record highs at $11,904 per ton in 2021, and then declined slightly in the following year.
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 Sri Lanka ($13,309 per ton), while the price for China ($6,713 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Argentina
In 2022, overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -4.4% to 79 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 64%.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined to $908K in 2022. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 136%.
Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Argentina (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sri Lanka | 175 | 430 | 642 | 595 | 50.4% |
Madagascar | 96.2 | 182 | 335 | 308 | 47.4% |
Indonesia | 15.0 | 61.3 | N/A | N/A | 308.7% |
Others | 1.7 | 5.9 | 2.5 | 4.4 | 37.3% |
Total | 288 | 680 | 980 | 908 | 46.6% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Argentina in 2022:
- Sri Lanka (44.7 tons)
- Madagascar (33.7 tons)
This report provides an in-depth analysis of the cinnamon market in Argentina.
This report provides an in-depth analysis of the global cinnamon market.
This report provides an in-depth analysis of the cinnamon market in Argentina.
This report provides an in-depth analysis of the global cinnamon market.
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.
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.
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.
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
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
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.