Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Panama - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Panama (CIF) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Panama
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Panama (CIF) - 2022
The average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $5,242 per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 50%. As a result, import price attained the peak level of $7,902 per ton. From 2014 to 2022, the average import prices remained at a 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 the United States ($7,918 per ton), while the price for Costa Rica ($2,535 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Panama
In 2022, approx. 102 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were imported into Panama; reducing by -29.4% on 2021. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +3.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 78%. As a result, imports reached the peak of 144 tons, and then shrank significantly in the following year.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground contracted markedly to $533K in 2022. In general, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 96% against the previous year. As a result, imports reached the peak of $751K, and then reduced markedly in the following year.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 152 | 164 | 254 | 252 | 18.4% |
| Vietnam | 95.6 | 151 | 239 | 133 | 11.6% |
| Indonesia | 151 | 24.9 | 181 | 95.6 | -14.1% |
| Costa Rica | 35.1 | 20.6 | 29.8 | 20.2 | -16.8% |
| Spain | 7.5 | 3.0 | 17.4 | 16.7 | 30.6% |
| China | 1.6 | 9.4 | 17.5 | 11.3 | 91.9% |
| Others | 9.3 | 10.3 | 12.4 | 3.5 | -27.8% |
| Total | 453 | 383 | 751 | 533 | 5.6% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Panama in 2022:
- Vietnam (39.1 tons)
- United States (31.9 tons)
- Indonesia (14.1 tons)
- Costa Rica (8.0 tons)
- China (4.3 tons)
- Spain (3.2 tons)
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This report provides an in-depth analysis of the cinnamon market in Panama.
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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 Panama.
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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...
2652
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
9638
Global cinnamon consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
