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

Contents:

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

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

In 2022, the average import price for cumin seeds, crushed or ground amounted to $4,786 per ton, jumping by 54% against the previous year. Overall, the import price enjoyed mild growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 236% against the previous year. As a result, import price attained the peak level of $7,989 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($19,685 per ton), while the price for India stood at $4,376 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+125.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, crushed or ground amounted to $11,649 per ton, growing by 16% against the previous year. Overall, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 88% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Paraguay amounted to +11.0% per year.

Imports of Cumin Seeds, Crushed or Ground in Argentina

In 2022, approx. 5.4 tons of cumin seeds, crushed or ground were imported into Argentina; shrinking by -24% on the previous year's figure. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 1,788%. As a result, imports attained the peak of 7.1 tons, and then plummeted in the following year.

In value terms, cumin seeds, crushed or ground imports soared to $26K in 2022. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 635%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. India (5.2 tons)
2. United States (0.1 tons)

Exports of Cumin Seeds, Crushed or Ground in Argentina

After two years of decline, shipments abroad of cumin seeds, crushed or ground increased by 441% to 222 kg in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cumin seeds, crushed or ground exports soared to $2.6K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Chile (222.0 kg)

Source: IndexBox Market Intelligence Platform