Price for Cumin Seeds, Crushed or Ground in Ecuador - 2021

Contents:

1. Price for Cumin Seeds, Crushed or Ground in Ecuador (FOB) - 2022
2. Exports of Cumin Seeds, Crushed or Ground in Ecuador

Price for Cumin Seeds, Crushed or Ground in Ecuador (FOB) - 2022

In 2022, the average export price for cumin seeds, crushed or ground amounted to $6,548 per ton, picking up by 3.9% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cumin seeds, crushed or ground export price increased by +23.1% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 54%. As a result, the export price attained the peak level of $8,337 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,722 per ton), while the average price for exports to Spain amounted to $6,422 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.3%).

Exports of Cumin Seeds, Crushed or Ground in Ecuador

After three years of growth, overseas shipments of cumin seeds, crushed or ground decreased by -10.6% to 5.8 tons in 2022. The total export volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of 6.5 tons, and then shrank in the following year.

In value terms, cumin seeds, crushed or ground exports shrank to $38K in 2022. The total export value increased at an average annual rate of +10.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 23% against the previous year.

Top Export Markets for Cumin Seeds, Crushed or Ground from Ecuador in 2022:

1. United States (2.4 tons)
2. Spain (1.7 tons)

Source: IndexBox Market Intelligence Platform