Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil - 2024
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3,928 per ton, with an increase of 33% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The growth pace was the most rapid in 2015 an increase of 441%. As a result, import price reached the peak level of $7,260 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($4,304 per ton), while the price for China ($3,308 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3,283 per ton, increasing by 6.4% against the previous year. Over the period under review, the export price showed mild growth. The most prominent rate of growth was recorded in 2013 an increase of 72%. The export price peaked at $7,873 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($10,355 per ton), while the average price for exports to Paraguay ($2,669 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 Chile (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil
After three years of growth, overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -30.5% to 563 tons in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 113%.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted to $2.2M in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 142%.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 575 | 917 | 844 | 1,916 | 49.4% |
| China | 27.4 | 917 | 1,100 | 207 | 96.2% |
| Indonesia | 201 | 171 | 244 | 43.4 | -40.0% |
| Others | 45.6 | 47.3 | 197 | 46.0 | 0.3% |
| Total | 849 | 2,052 | 2,385 | 2,212 | 37.6% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Brazil in 2022:
- Vietnam (483.1 tons)
- China (62.5 tons)
- Indonesia (10.1 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil
For the fourth year in a row, Brazil recorded growth in overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground, which increased by 58% to 20 tons in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 428% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $67K in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 196%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 0.1 | 17.1 | 32.8 | 49.1 | 688.9% |
| Chile | N/A | 0.4 | N/A | 3.9 | 212.2% |
| Angola | N/A | 0.4 | 0.5 | 3.6 | 200.0% |
| Venezuela | N/A | 2.9 | N/A | 0.2 | -73.7% |
| Bolivia | 4.2 | 0.1 | N/A | 0.1 | -71.2% |
| Others | 5.6 | 8.2 | 6.5 | 10.0 | 21.3% |
| Total | 9.8 | 29.0 | 39.8 | 66.9 | 89.7% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Brazil in 2022:
- Paraguay (18.4 tons)
- Chile (0.4 tons)
- Angola (0.3 tons)
822
This report provides an in-depth analysis of the cinnamon market in Brazil.
9324
This report provides an in-depth analysis of the global cinnamon market.
822
This report provides an in-depth analysis of the cinnamon market in Brazil.
9324
This report provides an in-depth analysis of the global cinnamon market.
1085
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2632
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
9552
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
3870
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.
4425
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.
2874
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
2252
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
1085
The global cinnamon market revenue amounted to $1.1B in 2018, dropping by -9% against the previous year. This figure...
2632
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
9552
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
