Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Peru - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Peru (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Peru (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Peru
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Peru
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Peru (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $11,820 per ton in 2022, approximately reflecting the previous year. In general, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 43%. The import price peaked at $12,512 per ton in 2018; however, from 2019 to 2022, 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 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +11.1% per year.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Peru (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $6,979 per ton, dropping by -10.5% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -44.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 41%. As a result, the export price reached the peak level of $12,489 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($25,288 per ton), while the average price for exports to the United States ($3,166 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 Japan (+15.6%), 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 Peru
In 2022, the amount of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground imported into Peru surged to 2K tons, jumping by 42% compared with 2021. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. As a result, imports attained the peak of 2.3K 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 soared to $24M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% 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 -8.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 70% against the previous year. As a result, imports attained the peak of $26M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 15.2 | 26.0 | 16.4 | 23.7 | 16.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 15.3 | 26.0 | 16.4 | 23.8 | 15.9% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Peru in 2022:
- Sri Lanka (2.0K tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Peru
After three years of growth, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -18.9% to 12 tons in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 66% against the previous year.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground reduced sharply to $85K in 2022. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 29%. As a result, the exports attained the peak of $134K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 39.5 | 76.2 | 57.8 | 55.1 | 11.7% |
| Italy | 21.2 | 4.3 | 13.6 | 14.2 | -12.5% |
| United States | 4.3 | 2.7 | 9.9 | 7.1 | 18.2% |
| Japan | 0.4 | 0.8 | 3.4 | 5.2 | 135.1% |
| Canada | 0.1 | 0.1 | 0.2 | 1.2 | 128.9% |
| Others | 38.3 | 50.1 | 31.8 | 1.9 | -63.3% |
| Total | 104 | 134 | 117 | 84.7 | -6.6% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Peru in 2022:
- Spain (6.1 tons)
- Italy (3.1 tons)
- United States (2.3 tons)
- Canada (0.3 tons)
- Japan (0.2 tons)
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This report provides an in-depth analysis of the cinnamon market in Peru.
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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 Peru.
9479
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
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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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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
1119
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
9776
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
