Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bolivia - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bolivia (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bolivia (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bolivia
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bolivia
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bolivia (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $3,452 per ton, increasing by 6.1% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +8.1% 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 +118.4% against 2013 indices. The growth pace was the most rapid in 2021 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Sri Lanka.
From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +7.9% per year.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bolivia (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $10,629 per ton, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 30%. As a result, the export price reached the peak level of $14,934 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($10,773 per ton), while the average price for exports to the United States ($9,864 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 Argentina (+9.7%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bolivia
In 2022, supplies from abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground increased by 54% to 779 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground soared to $2.7M in 2022. In general, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bolivia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 1.7 | 1.4 | 1.6 | 2.7 | 16.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 1.5 | 1.6 | 2.7 | 16.7% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Bolivia in 2022:
- Sri Lanka (778.0 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bolivia
In 2022, shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -9% to 2.1 tons, falling for the second year in a row after two years of growth. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.1% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 78% against the previous year. As a result, the exports reached the peak of 2.7 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank to $23K in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 114%. As a result, the exports reached the peak of $27K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.0 | 20.9 | 19.5 | 19.4 | 40.5% |
| United States | 4.4 | 5.6 | 4.9 | 3.2 | -10.1% |
| Argentina | 1.2 | 0.5 | 0.6 | 0.2 | -45.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.6 | 27.1 | 24.9 | 22.7 | 21.7% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Bolivia in 2022:
- Spain (1799.0 kg)
- United States (323.0 kg)
- Argentina (18.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Bolivia.
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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 Bolivia.
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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...
2694
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
9842
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
4042
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
1129
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2694
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
9842
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
