Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in the Dominican Republic - 2023
Contents:
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in the Dominican Republic (CIF) - 2023
- Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in the Dominican Republic (FOB) - 2022
- Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in the Dominican Republic
- Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in the Dominican Republic
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in the Dominican Republic (CIF) - 2023
In March 2023, the average import price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $5,207 per ton, increasing by 8.6% against the previous month. Overall, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 10% month-to-month. The import price peaked at $6,268 per ton in March 2022; however, from April 2022 to March 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Indonesia ($46,617 per ton), while the price for Vietnam totaled $5,011 per ton.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+18.4%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in the Dominican Republic (FOB) - 2022
In 2022, the average export price for spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground amounted to $3,534 per ton, with a decrease of -36% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 126%. The export price peaked at $5,521 per ton in 2021, and then shrank notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($11,648 per ton), while the average price for exports to France ($2,360 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 Spain (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in the Dominican Republic
Imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground into the Dominican Republic soared to 1.3K tons in 2022, jumping by 28% compared with 2021 figures. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 102%. As a result, imports reached the peak of 2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground skyrocketed to $7.5M in 2022. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 130%. As a result, imports attained the peak of $9.6M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.6 | 5.8 | 5.2 | 5.4 | 27.6% |
| Indonesia | 1.2 | 2.9 | 0.2 | 1.4 | 5.3% |
| China | N/A | 0.5 | 0.3 | 0.5 | 0.0% |
| Singapore | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Others | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Total | 4.2 | 9.6 | 5.8 | 7.5 | 21.3% |
Top Suppliers of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground to the Dominican Republic in 2022:
- Vietnam (929.7 tons)
- Indonesia (233.4 tons)
- China (82.9 tons)
Exports of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in the Dominican Republic
In 2022, overseas shipments of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground were finally on the rise to reach 30 tons after two years of decline. Overall, exports, however, faced a abrupt descent.
In value terms, exports of spices; cinnamon (cinnamomum zeylanicum blume), neither crushed nor ground skyrocketed to $107K in 2022. In general, exports, however, showed a dramatic shrinkage.
| Export of Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.5 | 1.0 | 4.4 | 43.2 | 342.1% |
| Haiti | 218 | 150 | 45.3 | 42.1 | -42.2% |
| United States | 7.2 | 15.4 | 8.9 | 7.8 | 2.7% |
| Spain | 2.8 | 15.9 | 8.0 | 7.3 | 37.6% |
| Curacao | 0.3 | 0.5 | 0.2 | 1.7 | 78.3% |
| Portugal | 2.0 | 5.8 | 6.2 | 1.5 | -9.1% |
| Others | 2.0 | 2.3 | 6.3 | 3.7 | 22.8% |
| Total | 233 | 191 | 79.3 | 107 | -22.8% |
Top Export Markets for Spices; Cinnamon (Cinnamomum Zeylanicum Blume), Neither Crushed Nor Ground from the Dominican Republic in 2022:
- France (18.3 tons)
- Haiti (8.8 tons)
- United States (1.2 tons)
- Curacao (0.7 tons)
- Spain (0.6 tons)
- Portugal (0.2 tons)
519
This report provides an in-depth analysis of the cinnamon market in the Dominican Republic.
9341
This report provides an in-depth analysis of the global cinnamon market.
519
This report provides an in-depth analysis of the cinnamon market in the Dominican Republic.
9341
This report provides an in-depth analysis of the global cinnamon market.
1089
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
9573
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.
4428
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.
2878
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
1089
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
9573
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
