Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Guatemala - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Guatemala (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Guatemala (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Guatemala
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Guatemala
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Guatemala (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $6,179 per ton, which is down by -5.9% against the previous year. Over the period under review, the import price, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. Over the period under review, average import prices attained the maximum at $6,569 per ton in 2021, and then fell 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 Sri Lanka ($14,862 per ton), while the price for Mexico ($3,224 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+32.9%), 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 Guatemala (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $5,100 per ton, reducing by -5.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 21% against the previous year. The export price peaked at $5,979 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($6,333 per ton), while the average price for exports to the United States ($2,238 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 El Salvador (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Guatemala
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground imported into Guatemala reached 144 tons, approximately reflecting the previous year's figure. The total import volume increased at an average annual rate of +13.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 43%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground dropped modestly to $891K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 36%.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 254 | 412 | 548 | 392 | 15.6% |
| United States | 150 | 193 | 259 | 170 | 4.3% |
| Sri Lanka | 0.7 | 25.3 | N/A | 113 | 444.5% |
| Costa Rica | 27.3 | 1.4 | 0.7 | 72.0 | 38.2% |
| El Salvador | 28.8 | 64.2 | 41.7 | 59.7 | 27.5% |
| Indonesia | 26.2 | 42.4 | 30.0 | 34.9 | 10.0% |
| China | N/A | N/A | N/A | 15.6 | 0% |
| United Arab Emirates | 39.0 | N/A | N/A | N/A | 0% |
| Others | 19.7 | 6.6 | 55.9 | 33.6 | 19.5% |
| Total | 546 | 744 | 935 | 891 | 17.7% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Guatemala in 2022:
- Vietnam (82.1 tons)
- United States (18.1 tons)
- El Salvador (9.8 tons)
- Costa Rica (9.7 tons)
- Sri Lanka (7.6 tons)
- Indonesia (6.3 tons)
- China (4.3 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Guatemala
In 2022, shipments abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -0.1% to 106 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 19% against the previous year.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground dropped to $540K in 2022. The total export value increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 156 | 256 | 217 | 186 | 6.0% |
| El Salvador | 98.6 | 121 | 141 | 167 | 19.2% |
| Honduras | 87.4 | 59.4 | 80.7 | 76.6 | -4.3% |
| Nicaragua | 45.0 | 40.2 | 111 | 61.9 | 11.2% |
| Costa Rica | 8.2 | 11.3 | 12.6 | 33.6 | 60.0% |
| United States | 2.6 | 1.9 | 3.2 | 9.6 | 54.6% |
| Others | 17.0 | 0.1 | 3.6 | 4.7 | -34.9% |
| Total | 415 | 491 | 569 | 540 | 9.2% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Guatemala in 2022:
- El Salvador (36.2 tons)
- Mexico (29.4 tons)
- Honduras (13.1 tons)
- Nicaragua (13.0 tons)
- Costa Rica (7.8 tons)
- United States (4.3 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.
1090
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
9575
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.
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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
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
1090
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
9575
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
