Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Mexico - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Mexico (CIF) - 2023
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Mexico (FOB) - 2023
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Mexico
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Mexico
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Mexico (CIF) - 2023
In December 2023, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $10,481 per ton, shrinking by -7.7% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $12,673 per ton in March 2023; however, from April 2023 to December 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Sri Lanka.
From January 2023 to December 2023, the rate of growth in terms of prices for Sri Lanka amounted to -0.8% per month.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Mexico (FOB) - 2023
In October 2023, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $118K per ton, approximately equating the previous month. Overall, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in April 2023 when the average export price increased by 42% month-to-month. The export price peaked in October 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +18.7% per month.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Mexico
In 2022, the amount of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground imported into Mexico shrank dramatically to 1.8K tons, declining by -68.2% against 2021. Overall, imports faced a sharp descent. The smallest decline of -12.2% was in 2020.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted markedly to $21M in 2022. Over the period under review, imports faced a dramatic curtailment. The smallest decline of -5.5% was in 2020.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 68.8 | 65.7 | 49.9 | 19.4 | -34.4% |
| Vietnam | 0.8 | 0.2 | N/A | 1.2 | 14.5% |
| Others | 0.5 | 0.2 | N/A | N/A | -60.0% |
| Total | 70.0 | 66.2 | 49.9 | 20.7 | -33.4% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Mexico in 2022:
- Sri Lanka (1555.5 tons)
- Vietnam (209.6 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Mexico
In 2022, the amount of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground exported from Mexico soared to 25 tons, increasing by 12,956% compared with the previous year. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground soared to $128K in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.7 | 11.0 | 0.9 | 128 | 182.1% |
| Others | 0.8 | 0.4 | 0.3 | N/A | -38.8% |
| Total | 6.5 | 11.5 | 1.2 | 128 | 170.0% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Mexico in 2022:
- United States (24.7 tons)
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This report provides an in-depth analysis of the cinnamon market in Mexico.
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This report provides an in-depth analysis of the global cinnamon market.
1348
This report provides an in-depth analysis of the cinnamon market in Mexico.
9549
This report provides an in-depth analysis of the global cinnamon market.
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.
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.
