Price for Cumin Seeds, Crushed or Ground in India - 2023

Contents:

1. Price for Cumin Seeds, Crushed or Ground in India (FOB) - 2023
2. Price for Cumin Seeds, Crushed or Ground in India (CIF) - 2022
3. Exports of Cumin Seeds, Crushed or Ground in India
4. Imports of Cumin Seeds, Crushed or Ground in India

Price for Cumin Seeds, Crushed or Ground in India (FOB) - 2023

In July 2023, the average export price for cumin seeds, crushed or ground amounted to $4,198 per ton, surging by 3.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.6%. The growth pace was the most rapid in May 2023 an increase of 13% month-to-month. The export price peaked in July 2023.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was the Netherlands ($6,637 per ton), while the average price for exports to Nepal ($1,118 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cumin Seeds, Crushed or Ground in India (CIF) - 2022

In 2022, the average import price for cumin seeds, crushed or ground amounted to $2,813 per ton, reducing by -15.6% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $3,819 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,827 per ton), while the price for Spain ($1,364 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cumin Seeds, Crushed or Ground in India

In 2022, shipments abroad of cumin seeds, crushed or ground decreased by -15.4% to 11K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, the exports attained the peak of 13K tons, and then shrank markedly in the following year.

In value terms, cumin seeds, crushed or ground exports shrank to $33M in 2022. The total export value increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $35M, and then dropped slightly in the following year.

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

1. United States (4347.1 tons)
2. United Kingdom (1109.7 tons)
3. South Africa (606.2 tons)
4. Australia (475.8 tons)
5. Canada (407.6 tons)
6. Spain (378.3 tons)
7. Sweden (339.2 tons)
8. Somalia (232.5 tons)
9. Germany (231.9 tons)
10. United Arab Emirates (199.2 tons)
11. Turkey (196.6 tons)
12. Japan (189.3 tons)
13. Belgium (171.0 tons)

Imports of Cumin Seeds, Crushed or Ground in India

In 2022, approx. 157 tons of cumin seeds, crushed or ground were imported into India; shrinking by -33.4% compared with 2021 figures. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 166%. As a result, imports reached the peak of 236 tons, and then declined dramatically in the following year.

In value terms, cumin seeds, crushed or ground imports contracted markedly to $442K in 2022. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 230%. As a result, imports attained the peak of $787K, and then fell dramatically in the following year.

Top Suppliers of Cumin Seeds, Crushed or Ground to India in 2022:

1. Spain (68.0 tons)
2. Slovenia (25.0 tons)
3. France (18.7 tons)
4. South Korea (17.0 tons)
5. Netherlands (11.0 tons)
6. Sri Lanka (8.0 tons)
7. Italy (5.4 tons)

Source: IndexBox Market Intelligence Platform