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

Contents:

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

Price for Cumin Seeds, Crushed or Ground in Japan (CIF) - 2023

The average import price for cumin seeds, crushed or ground stood at $5,530 per ton in July 2023, remaining constant against the previous month. In general, import price indicated a slight increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, cumin seeds, crushed or ground import price increased by +17.5% against May 2023 indices. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 27% m-o-m. Over the period under review, average import prices reached the maximum at $7,393 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Bangladesh ($7,258 per ton), while the price for India amounted to $5,470 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+2.9%).

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

The average export price for cumin seeds, crushed or ground stood at $14,974 per ton in 2022, picking up by 358% against the previous year. Overall, the export price enjoyed a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +3.8% per year.

Imports of Cumin Seeds, Crushed or Ground in Japan

In 2022, cumin seeds, crushed or ground imports into Japan declined slightly to 310 tons, leveling off at 2021. The total import volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. As a result, imports attained the peak of 313 tons, leveling off in the following year.

In value terms, cumin seeds, crushed or ground imports soared to $1.5M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. India (292.9 tons)
2. Turkey (5.0 tons)

Exports of Cumin Seeds, Crushed or Ground in Japan

In 2022, approx. 192 kg of cumin seeds, crushed or ground were exported from Japan; reducing by -98.5% on 2021 figures. Over the period under review, exports recorded a precipitous contraction. The pace of growth was the most pronounced in 2021 when exports increased by 427% against the previous year. As a result, the exports reached the peak of 13 tons, and then fell dramatically in the following year.

In value terms, cumin seeds, crushed or ground exports fell markedly to $2.9K in 2022. Overall, exports recorded a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 278% against the previous year. As a result, the exports attained the peak of $42K, and then fell notably in the following year.

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

1. Malaysia (192.0 kg)

Source: IndexBox Market Intelligence Platform