Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Peru - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Peru (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Peru (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Peru
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Peru
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Peru (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $5,314 per ton, falling by -18.7% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 19%. The import price peaked at $6,539 per ton in 2021, and then fell sharply 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 the United States ($13,929 per ton), while the price for China ($2,476 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+8.0%), 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 Peru (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $6,900 per ton, jumping by 36% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by 41%. Over the period under review, the average export prices hit record highs at $8,044 per ton in 2016; however, from 2017 to 2022, the export prices remained at a 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 the United States ($8,940 per ton), while the average price for exports to Chile ($3,380 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 Mexico (+14.1%), 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 Peru
In 2022, supplies from abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -22% to 121 tons, falling for the second year in a row after two years of growth. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 33%. As a result, imports attained the peak of 191 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground dropped significantly to $642K in 2022. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 40%. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 164 | 374 | 277 | 298 | 22.0% |
| Sri Lanka | 83.8 | 79.8 | 230 | 119 | 12.4% |
| China | 61.9 | 125 | 87.0 | 108 | 20.4% |
| Vietnam | 27.3 | 26.1 | 56.5 | 61.9 | 31.4% |
| Indonesia | 194 | 285 | 291 | 53.4 | -35.0% |
| Mexico | 220 | 199 | 51.6 | N/A | -51.6% |
| Others | 39.3 | 14.5 | 20.9 | 1.8 | -64.2% |
| Total | 791 | 1,103 | 1,013 | 642 | -6.7% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Peru in 2022:
- China (43.4 tons)
- Sri Lanka (31.5 tons)
- United States (21.4 tons)
- Vietnam (20.0 tons)
- Indonesia (4.4 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Peru
In 2022, overseas shipments of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -77.7% to 698 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 185%.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank sharply to $4.8K in 2022. Overall, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 135%.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 6.2 | 1.0 | 3.4 | 78.3% |
| Chile | 0.5 | 0.6 | 3.3 | 0.8 | 17.0% |
| Japan | 1.8 | N/A | 1.1 | 0.4 | -39.4% |
| Italy | 0.4 | 0.9 | 3.7 | 0.2 | -20.6% |
| Spain | N/A | N/A | 3.3 | N/A | 0% |
| Mexico | N/A | N/A | 3.1 | N/A | 0% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 3.3 | 7.7 | 15.8 | 4.8 | 13.3% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Peru in 2022:
- United States (381.0 kg)
- Chile (234.0 kg)
- Japan (50.0 kg)
- Italy (33.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Peru.
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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 Peru.
9348
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...
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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.
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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
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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
9578
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
