Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Venezuela - 2022
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Venezuela (CIF) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Venezuela
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Venezuela (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $4,718 per ton in 2022, rising by 5.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 48%. The import price peaked at $7,203 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
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 ($19,222 per ton), while the price for Indonesia ($4,292 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Venezuela
In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground imported into Venezuela soared to 20 tons, jumping by 32% compared with 2021. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 198%. As a result, imports reached the peak of 29 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $96K in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 216%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 27.0 | 74.1 | 60.5 | 83.2 | 45.5% |
| Germany | 0.2 | 3.4 | 4.2 | 7.7 | 237.7% |
| India | 1.9 | 12.3 | 3.5 | 3.9 | 27.1% |
| Others | 0.4 | 3.7 | 0.7 | 1.6 | 58.7% |
| Total | 29.6 | 93.5 | 68.9 | 96.4 | 48.2% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Venezuela in 2022:
- Indonesia (19.4 tons)
- India (0.6 tons)
- Germany (0.4 tons)
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This report provides an in-depth analysis of the cinnamon market in Venezuela.
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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 Venezuela.
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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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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
9581
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
