Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Dominican Republic - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Dominican Republic (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Dominican Republic (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Dominican Republic
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Dominican Republic
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Dominican Republic (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $11,514 per ton, picking up by 12% against the previous year. In general, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 48% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($13,223 per ton), while the price for Vietnam ($3,185 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.4%), 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 the Dominican Republic (FOB) - 2022
The average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $4,319 per ton in 2022, shrinking by -31.5% against the previous year. Over the period under review, the export price, however, saw a measured increase. The most prominent rate of growth was recorded in 2021 an increase of 757% against the previous year. Over the period under review, the average export prices attained the maximum at $6,828 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,524 per ton), while the average price for exports to Turks and Caicos Islands ($3,171 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 Turks and Caicos Islands (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Dominican Republic
In 2022, supplies from abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground decreased by -13.5% to 19 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a pronounced shrinkage. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, imports attained the peak of 25 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground shrank to $218K in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 14%.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 159 | 179 | 190 | 180 | 4.2% |
| Spain | 15.2 | 15.6 | 24.0 | 15.3 | 0.2% |
| Indonesia | 2.7 | 2.7 | 2.6 | 11.8 | 63.5% |
| India | 0.5 | 1.1 | N/A | 4.2 | 103.3% |
| Vietnam | 0.2 | N/A | N/A | 1.6 | 100.0% |
| China | N/A | 2.4 | 1.0 | N/A | -58.3% |
| Others | 0.3 | 2.5 | 7.7 | 5.3 | 160.4% |
| Total | 178 | 203 | 226 | 218 | 7.0% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to the Dominican Republic in 2022:
- United States (13.6 tons)
- Spain (2.2 tons)
- Indonesia (1.5 tons)
- India (1.0 tons)
- Vietnam (0.5 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Dominican Republic
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground exported from the Dominican Republic surged to 5 tons, jumping by 682% compared with the year before. Over the period under review, exports, however, faced a precipitous descent.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $22K in 2022. Overall, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 16.6 | 0% |
| Portugal | N/A | N/A | N/A | 4.0 | 0% |
| Turks and Caicos Islands | N/A | N/A | 0.4 | 0.6 | 50.0% |
| United States | 2.5 | 0.5 | 3.3 | 0.2 | -56.9% |
| Haiti | 11.9 | 11.4 | N/A | N/A | -4.2% |
| Others | 1.0 | 1.2 | 0.3 | 0.2 | -41.5% |
| Total | 15.5 | 13.1 | 4.0 | 21.6 | 11.7% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from the Dominican Republic in 2022:
- France (3.8 tons)
- Portugal (0.9 tons)
- Turks and Caicos Islands (0.2 tons)
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This report provides an in-depth analysis of the cinnamon market in the Dominican Republic.
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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 the Dominican Republic.
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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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