Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Chile - 2024
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Chile (CIF) - 2024
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Chile
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Chile (CIF) - 2024
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $8,928 per ton in January 2024, rising by 2.8% against the previous month. In general, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in February 2023 an increase of 354% month-to-month. The import price peaked at $17,160 per ton in March 2023; however, from April 2023 to January 2024, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Sri Lanka.
From January 2023 to January 2024, the rate of growth in terms of prices for Sri Lanka amounted to +10.5% per month.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Chile
In 2022, overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -20% to 267 tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 55%. As a result, imports reached the peak of 361 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground dropped to $3.3M in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 33% against the previous year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 2.4 | 3.1 | 3.7 | 3.2 | 10.1% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 2.4 | 3.2 | 3.8 | 3.3 | 11.2% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Chile in 2022:
- Sri Lanka (259.0 tons)
665
This report provides an in-depth analysis of the cinnamon market in Chile.
9484
This report provides an in-depth analysis of the global cinnamon market.
665
This report provides an in-depth analysis of the cinnamon market in Chile.
9484
This report provides an in-depth analysis of the global cinnamon market.
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
9780
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
4021
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.
4457
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.
2912
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
2283
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
9780
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
