Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ecuador - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ecuador (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ecuador (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ecuador
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ecuador
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ecuador (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $9,197 per ton, surging by 55% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.6% 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 and cinnamon-tree flowers, crushed or ground increased by +58.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($9,600 per ton), while the price for Vietnam ($8,373 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+51.5%), 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 Ecuador (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3,538 per ton, standing approx. at the previous year. Over the period under review, the export price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2014 an increase of 39%. Over the period under review, the average export prices reached the maximum at $4,871 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($7,833 per ton), while the average price for exports to France ($1,967 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 Spain (-0.9%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ecuador
After three years of growth, overseas purchases of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -60.5% to 9.6 tons in 2022. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 51%.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank dramatically to $89K in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 53% against the previous year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.9 | 56.1 | 29.7 | 59.6 | 32.0% |
| Vietnam | N/A | N/A | 41.1 | 22.6 | -45.0% |
| India | 16.1 | 15.5 | 9.1 | 5.7 | -29.3% |
| China | N/A | 2.7 | 3.6 | N/A | 33.3% |
| Germany | 20.1 | 18.2 | 15.6 | N/A | -11.9% |
| Indonesia | 4.6 | 5.3 | 3.6 | N/A | -11.5% |
| Others | 20.1 | 34.7 | 42.2 | 0.7 | -67.3% |
| Total | 86.8 | 132 | 145 | 88.6 | 0.7% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Ecuador in 2022:
- United States (6.2 tons)
- Vietnam (2.7 tons)
- India (0.7 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ecuador
In 2022, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground from Ecuador shrank remarkably to 104 kg, falling by -37.3% compared with 2021 figures. Over the period under review, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2021 when exports increased by 196% against the previous year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground dropped sharply to $368 in 2022. Overall, exports saw a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 284%.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Ecuador (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 487 | 80.0 | 114 | 251 | -19.8% |
| France | 101 | 30.0 | 165 | 59.0 | -16.4% |
| Spain | 94.0 | 27.0 | 140 | 47.0 | -20.6% |
| Panama | N/A | 10.0 | 138 | N/A | 1280.0% |
| Czech Republic | 233 | N/A | N/A | N/A | 0% |
| Others | 308 | 5.0 | 27.0 | 11.0 | -67.1% |
| Total | 1,223 | 152 | 584 | 368 | -33.0% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Ecuador in 2022:
- United States (65.0 kg)
- France (30.0 kg)
- Spain (6.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Ecuador.
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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 Ecuador.
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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...
2634
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.
