Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Colombia - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Colombia (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Colombia (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Colombia
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Colombia
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Colombia (CIF) - 2022
In February 2022, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $12,402 per ton, declining by -8.5% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2021 when the average import price increased by 37% month-to-month. The import price peaked at $13,553 per ton in January 2022, and then contracted in the following month.
As there is only one major supplying country, the average price level is determined by prices for Sri Lanka.
From February 2021 to February 2022, 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 Colombia (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $12,563 per ton in 2022, with a decrease of -6% against the previous year. In general, the export price showed a pronounced decrease. The pace of growth was the most pronounced in 2019 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $20,864 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, 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 -4.2% per year.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Colombia
In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, when their volume decreased by -11.3% to 814 tons. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 19%.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted to $8.6M in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 19% against the previous year.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 6.6 | 8.1 | 9.2 | 8.1 | 7.1% |
| United States | 0.3 | 0.2 | 0.4 | 0.2 | -12.6% |
| Liberia | N/A | N/A | N/A | 0.2 | 0% |
| Others | N/A | 0.1 | 0.2 | N/A | 100.0% |
| Total | 7.0 | 8.3 | 9.8 | 8.6 | 7.1% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Colombia in 2022:
- Sri Lanka (785.7 tons)
- Liberia (17.0 tons)
- United States (11.4 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Colombia
For the fourth consecutive year, Colombia recorded growth in shipments abroad of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, which increased by 51% to 34 tons in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,599%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground surged to $432K in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,864%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | N/A | N/A | 284 | 417 | 46.8% |
| Others | 9.1 | 15.5 | 20.5 | 15.6 | 19.7% |
| Total | 9.1 | 15.5 | 305 | 432 | 262.1% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Colombia in 2022:
- Sri Lanka (34.0 tons)
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This report provides an in-depth analysis of the cinnamon market in Colombia.
9402
This report provides an in-depth analysis of the global cinnamon market.
679
This report provides an in-depth analysis of the cinnamon market in Colombia.
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This report provides an in-depth analysis of the global cinnamon market.
1109
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
9662
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3939
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
2275
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
1109
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2657
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
9662
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
