Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Costa Rica - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Costa Rica (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Costa Rica (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Costa Rica
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Costa Rica
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Costa Rica (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $6,372 per ton in 2022, surging by 9.2% against the previous year. In general, the import price showed a buoyant increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 64%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.
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 Germany ($10,534 per ton), while the price for Guatemala ($4,065 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Costa Rica (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $5,533 per ton, increasing by 2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2017 when the average export price increased by 26%. As a result, the export price reached the peak level of $5,547 per ton; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($7,429 per ton), while the average price for exports to Panama ($2,117 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 Guatemala (+10.4%), 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 Costa Rica
After three years of growth, purchases abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -36.4% to 119 tons in 2022. Overall, imports saw a mild descent. The pace of growth was the most pronounced in 2020 with an increase of 39% against the previous year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground declined markedly to $755K in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 48%.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 218 | 395 | 416 | 211 | -1.1% |
| Germany | 109 | 162 | 122 | 146 | 10.2% |
| Indonesia | 118 | 90.0 | 88.7 | 109 | -2.6% |
| India | 24.1 | 61.5 | 86.9 | 87.7 | 53.8% |
| Spain | 138 | 67.6 | 121 | 80.1 | -16.6% |
| Vietnam | 2.5 | 99.8 | 120 | 74.5 | 210.0% |
| Guatemala | 11.5 | 8.2 | 11.7 | 25.8 | 30.9% |
| Mexico | N/A | 14.3 | 43.5 | N/A | 204.2% |
| Singapore | 11.9 | 28.4 | 76.5 | N/A | 153.5% |
| Others | 1.4 | 12.9 | 0.9 | 21.5 | 148.6% |
| Total | 634 | 940 | 1,088 | 755 | 6.0% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Costa Rica in 2022:
- United States (30.6 tons)
- India (17.8 tons)
- Vietnam (17.0 tons)
- Spain (15.5 tons)
- Germany (13.8 tons)
- Indonesia (13.7 tons)
- Guatemala (6.4 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Costa Rica
In 2022, overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -6.6% to 29 tons, falling for the second consecutive year after two years of growth. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 97%. As a result, the exports reached the peak of 41 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted to $158K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 73% against the previous year. As a result, the exports reached the peak of $189K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 10.8 | 1.4 | 0.6 | 69.8 | 86.3% |
| El Salvador | 18.5 | 165 | 134 | 66.7 | 53.3% |
| Panama | 61.1 | 22.1 | 24.4 | 17.9 | -33.6% |
| United States | N/A | N/A | N/A | 3.9 | 0% |
| Nicaragua | 7.0 | N/A | 6.4 | N/A | -4.4% |
| Others | 11.5 | 0.2 | 0.2 | N/A | -86.8% |
| Total | 109 | 189 | 165 | 158 | 13.2% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Costa Rica in 2022:
- El Salvador (10.2 tons)
- Guatemala (9.4 tons)
- Panama (8.5 tons)
- United States (0.6 tons)
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This report provides an in-depth analysis of the cinnamon market in Costa Rica.
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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 Costa Rica.
9350
This report provides an in-depth analysis of the global cinnamon market.
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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
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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
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Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
