Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Mexico - 2023
Contents:
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Mexico (CIF) - 2022
- Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Mexico (FOB) - 2022
- Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Mexico
- Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Mexico
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Mexico (CIF) - 2022
In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $5,235 per ton, rising by 4.3% against the previous year. In general, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of 56%. Over the period under review, average import prices reached the peak figure at $7,749 per ton in 2016; however, from 2017 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 Indonesia ($9,926 per ton), while the price for Sri Lanka ($2,305 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+17.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Mexico (FOB) - 2022
In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $5,366 per ton, remaining stable against the previous year. In general, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 82%. Over the period under review, the average export prices hit record highs at $7,007 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($5,640 per ton), while the average price for exports to the United States totaled $5,357 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Mexico
After two years of decline, supplies from abroad of spices; cinnamon and cinnamon-tree flowers, crushed or ground increased by 2.3% to 573 tons in 2022. Overall, imports, however, recorded a sharp downturn.
In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground reached $3M in 2022. Over the period under review, imports, however, saw a abrupt descent.
| Import of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,863 | 1,689 | 1,443 | 1,983 | 2.1% |
| United States | 2,193 | 2,060 | 1,138 | 802 | -28.5% |
| Indonesia | 411 | 353 | 130 | 77.8 | -42.6% |
| Sri Lanka | 277 | 586 | 102 | 75.2 | -35.2% |
| China | 26.6 | 57.2 | N/A | 63.9 | 33.9% |
| Guatemala | 161 | 266 | N/A | N/A | 65.2% |
| Others | 95.9 | 45.8 | N/A | N/A | -52.2% |
| Total | 5,028 | 5,056 | 2,813 | 3,002 | -15.8% |
Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to Mexico in 2022:
- Vietnam (429.6 tons)
- United States (82.2 tons)
- Sri Lanka (32.6 tons)
- China (21.1 tons)
- Indonesia (7.8 tons)
Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Mexico
In 2022, approx. 1.7 tons of spices; cinnamon and cinnamon-tree flowers, crushed or ground were exported from Mexico; approximately mirroring 2021. Overall, exports recorded a significant decrease. The smallest decline of -22.2% was in 2020.
In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground stood at $9.2K in 2022. Over the period under review, exports saw a precipitous setback. The smallest decline of -38.2% was in 2020.
| Export of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.7 | 17.8 | N/A | 8.9 | -32.3% |
| Canada | 0.9 | 0.4 | N/A | 0.3 | -30.7% |
| United Arab Emirates | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 29.6 | 18.3 | N/A | 9.2 | -32.3% |
Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from Mexico in 2022:
- United States (1657.0 kg)
- Canada (50.0 kg)
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This report provides an in-depth analysis of the cinnamon market in Mexico.
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This report provides an in-depth analysis of the cinnamon market in Mexico.
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This report provides an in-depth analysis of the global cinnamon market.
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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...
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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.
