Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Paraguay - 2023

Contents:

  1. Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Paraguay (CIF) - 2022
  2. Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Paraguay

Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Paraguay (CIF) - 2022

The average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground stood at $6,749 per ton in 2022, dropping by -14.7% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of 331% against the previous year. Over the period under review, average import prices attained the peak figure at $33,958 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($25,867 per ton), while the price for Sri Lanka stood at $6,280 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.3%).

Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Paraguay

Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into Paraguay dropped to 4.1 tons in 2022, with a decrease of -6.4% on the year before. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 2,215%. As a result, imports attained the peak of 4.4 tons, and then dropped in the following year.

In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground declined dramatically to $28K in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 439% against the previous year. As a result, imports reached the peak of $35K, and then fell rapidly in the following year.

Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sri LankaN/AN/AN/A25.10%
Spain6.56.48.02.5-27.3%
VietnamN/AN/A26.6N/A0%
Others0.3N/AN/AN/A0%
Total6.76.434.627.760.5%

Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to Paraguay in 2022:

  1. Sri Lanka (4.0 tons)
  2. Spain (0.1 tons)

Source: IndexBox Market Intelligence Platform

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