Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Brazil - 2024
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Brazil (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Brazil (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Brazil
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Brazil
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Brazil (CIF) - 2022
In 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $6,060 per ton, picking up by 19% against the previous year. Overall, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 71%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($6,251 per ton), while the price for China ($3,040 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Brazil (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $22,511 per ton, increasing by 60% against the previous year. Overall, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 an increase of 245% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($40,083 per ton), while the average price for exports to Greece ($8,875 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 Bolivia (+82.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Brazil
In 2022, overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -11.3% to 195 tons, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 208%. As a result, imports attained the peak of 293 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground expanded notably to $1.2M in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 426% against the previous year. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 224 | 1,099 | 851 | 850 | 56.0% |
| Vietnam | 38.7 | 208 | 255 | 331 | 104.5% |
| China | N/A | 82.6 | 9.4 | 0.1 | -96.5% |
| Others | 1.2 | N/A | 0.2 | 0.3 | -37.0% |
| Total | 264 | 1,389 | 1,116 | 1,181 | 64.8% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Brazil in 2022:
- Indonesia (136.0 tons)
- Vietnam (58.8 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Brazil
After three years of growth, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -9.5% to 570 kg in 2022. The total export volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, the exports reached the peak of 630 kg, and then shrank in the following year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground skyrocketed to $13K in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 75%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Brazil (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,372 | 3,118 | 2,739 | 7,114 | 73.1% |
| Marshall Islands | 262 | 603 | 960 | 1,121 | 62.3% |
| Liberia | 205 | 400 | 867 | 582 | 41.6% |
| Angola | N/A | N/A | 537 | 570 | 6.1% |
| Singapore | 345 | 568 | 395 | 537 | 15.9% |
| United Kingdom | 40.0 | 508 | 61.0 | 481 | 129.1% |
| Panama | 188 | 350 | 469 | 480 | 36.7% |
| Malta | 236 | 126 | 263 | 436 | 22.7% |
| Hong Kong SAR | 247 | 370 | 293 | 308 | 7.6% |
| Greece | 73.0 | 156 | 328 | 213 | 42.9% |
| Bahamas | 94.0 | 15.0 | 84.0 | 193 | 27.1% |
| Denmark | 265 | 144 | 178 | 63.0 | -38.1% |
| Paraguay | 392 | N/A | N/A | N/A | 0% |
| Others | 527 | 1,068 | 1,710 | 733 | 11.6% |
| Total | 4,246 | 7,426 | 8,884 | 12,831 | 44.6% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Brazil in 2022:
- United States (230.0 kg)
- Marshall Islands (61.0 kg)
- Angola (47.0 kg)
- Panama (33.0 kg)
- Singapore (32.0 kg)
- Liberia (31.0 kg)
- Greece (24.0 kg)
- Malta (21.0 kg)
- Hong Kong SAR (17.0 kg)
- Bahamas (13.0 kg)
- United Kingdom (12.0 kg)
- Denmark (6.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Brazil.
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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 Brazil.
9680
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
9954
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
4093
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.
