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During the analysis period, Cinnamon imports peaked at 43K tons in 2023 and declined the next year. In terms of value, cinnamon imports significantly dropped to $93M in 2024.
Cinnamon imports reached a peak of 296 tons in 2022 before decreasing the following year. In terms of value, cinnamon imports notably dropped to $677K in 2023.
From 2021 to 2023, the growth of imports failed to regain momentum. In value terms, Cinnamon imports amounted to $12M in 2023.
From 2018 to 2023, Cinnamon imports saw a significant decline, with the value dropping to $146M in 2023.
During the review period, Cinnamon imports peaked at 23K tons in 2016. However, imports declined to lower levels from 2017 to 2023. In terms of value, cinnamon imports modestly decreased to $97M in 2023.
Cinnamon exports reached record highs of 120K tons in 2018 but then saw a decline in the following years, with exports totaling a lower figure. The value of cinnamon exports also dropped significantly to $188M in 2023.
During the period analyzed, Cinnamon imports reached their highest point at 3.3K tons in 2022, before experiencing a significant decline the following year. In terms of value, cinnamon imports decreased notably to $18M in 2023.
The pace of growth for Cinnamon imports was most rapid in June 2023, increasing by 77% compared to the previous month. In October 2023, the value of cinnamon imports decreased significantly to $11M.
From March 2023 to September 2023, the import growth of Cinnamon remained low, with a decline in value to $1.7M in September 2023.
The growth rate of Cinnamon reached its peak in May 2023 with a remarkable 75% increase compared to the previous month. However, by August 2023, the value of cinnamon imports experienced a decline, reaching $1.5M.
In July 2023, the Cinnamon price reached a record high of $3,084 per ton (CIF, Turkey), marking a significant 47% increase compared to the previous month.
In May 2023, the price of cinnamon reached $5,533 per ton (CIF, Spain), marking a 34% increase compared to the previous month.
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