Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Venezuela - 2022
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Venezuela (CIF) - 2022
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Venezuela (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Venezuela
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Venezuela
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Venezuela (CIF) - 2022
The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $5,678 per ton in 2022, which is down by -7.1% against the previous year. Overall, the import price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 66%. The import price peaked at $6,115 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($6,828 per ton), while the price for Indonesia ($3,513 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Venezuela (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $644 per ton, with a decrease of -14% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 212% against the previous year. The export price peaked at $5,690 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Aruba.
From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to -15.8% per year.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Venezuela
In 2022, overseas purchases of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground decreased by -8.5% to 96 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 109% against the previous year.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground contracted significantly to $542K in 2022. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 198%.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 58.5 | 157 | 207 | 234 | 58.7% |
| Indonesia | 70.9 | 244 | 86.5 | 57.7 | -6.6% |
| Singapore | 20.2 | 45.4 | 42.5 | 17.5 | -4.7% |
| Others | 0.3 | N/A | 302 | 234 | 820.5% |
| Total | 150 | 447 | 638 | 542 | 53.5% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Venezuela in 2022:
- Vietnam (34.2 tons)
- Indonesia (16.4 tons)
- Singapore (3.8 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Venezuela
In 2022, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground from Venezuela rose markedly to 264 kg, growing by 5.2% compared with 2021. Over the period under review, exports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2020 when exports increased by 691%. As a result, the exports attained the peak of 2.2 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground shrank to $170 in 2022. Overall, exports, however, continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 2,365% against the previous year. As a result, the exports reached the peak of $9.4K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Aruba | 0.2 | 0.7 | 0.2 | 0.2 | 0.0% |
| Armenia | 0.1 | N/A | N/A | N/A | 0% |
| Saint Lucia | N/A | 8.7 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.4 | 9.4 | 0.2 | 0.2 | -20.6% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from Venezuela in 2022:
- Aruba (264.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Venezuela.
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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 Venezuela.
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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...
2637
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
9581
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3878
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
1091
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2637
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
9581
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
