Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Guatemala - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Guatemala (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Guatemala (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Guatemala
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Guatemala
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Guatemala (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $12,871 per ton in 2022, with an increase of 7.9% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground increased by +9.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the maximum at $15,149 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($18,870 per ton), while the price for Singapore ($5,621 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+17.0%), 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 Guatemala (FOB) - 2022
The average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $9,452 per ton in 2022, picking up by 32% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 increased by +110.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 36% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($10,534 per ton), while the average price for exports to Nicaragua ($6,502 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 Honduras (+6.7%), 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 Guatemala
In 2022, after two years of decline, there was significant growth in overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground, when their volume increased by 54% to 573 tons. Overall, imports, however, continue to indicate a abrupt slump.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground soared to $7.4M in 2022. In general, imports, however, continue to indicate a abrupt downturn.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 9.6 | 5.9 | 3.6 | 6.5 | -12.2% |
| Vietnam | 0.4 | N/A | 0.2 | 0.4 | 0.0% |
| United States | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Singapore | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 0.2 | 0.3 | 0.4 | 0.1 | -20.6% |
| Total | 10.4 | 6.3 | 4.4 | 7.4 | -10.7% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Guatemala in 2022:
- Sri Lanka (462.6 tons)
- Vietnam (68.0 tons)
- Singapore (18.5 tons)
- United States (12.0 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Guatemala
In 2022, the amount of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground exported from Guatemala skyrocketed to 45 tons, jumping by 21% on 2021 figures. The total export volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports attained 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 surged to $430K in 2022. Over the period under review, 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 Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 65.6 | 164 | 148 | 291 | 64.3% |
| Costa Rica | 61.9 | 81.3 | 75.1 | 84.2 | 10.8% |
| Honduras | 14.3 | 20.6 | 29.4 | 46.4 | 48.0% |
| Nicaragua | 2.3 | 8.8 | 15.9 | 6.9 | 44.2% |
| Nigeria | 33.8 | N/A | N/A | N/A | 0% |
| Others | 3.7 | 1.2 | 0.6 | 1.2 | -31.3% |
| Total | 182 | 276 | 269 | 430 | 33.2% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Guatemala in 2022:
- El Salvador (27.6 tons)
- Costa Rica (10.6 tons)
- Honduras (6.0 tons)
- Nicaragua (1.1 tons)
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This report provides an in-depth analysis of the cinnamon market in Guatemala.
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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 Guatemala.
9341
This report provides an in-depth analysis of the global cinnamon market.
1089
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2636
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
9570
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3877
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.
2877
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
2257
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
1089
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2636
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
9570
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
