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

Contents:

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

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

The average import price for cumin seeds, crushed or ground stood at $7,906 per ton in 2022, with a decrease of -10.8% against the previous year. Over the period under review, the import price, however, saw a resilient increase. The growth pace was the most rapid in 2014 an increase of 147% against the previous year. Over the period under review, average import prices reached the maximum at $9,603 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($35,128 per ton), while the price for Hungary ($3,084 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+68.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, crushed or ground amounted to $15,208 per ton, dropping by -4% against the previous year. Over the period under review, the export price, however, saw prominent growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 77%. As a result, the export price attained the peak level of $15,843 per ton, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($40,815 per ton), while the average price for exports to the Netherlands ($5,430 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in Austria

In 2022, overseas purchases of cumin seeds, crushed or ground decreased by -6.2% to 35 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year. As a result, imports reached the peak of 40 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cumin seeds, crushed or ground imports reduced remarkably to $274K in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports attained the peak of $328K, and then declined rapidly in the following year.

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

1. Germany (26.0 tons)
2. Netherlands (2.1 tons)
3. Turkey (1.1 tons)
4. France (1.1 tons)
5. Ireland (1.1 tons)
6. India (1.0 tons)
7. Hungary (1.0 tons)
8. Syrian Arab Republic (0.1 tons)

Exports of Cumin Seeds, Crushed or Ground in Austria

In 2022, exports of cumin seeds, crushed or ground from Austria surged to 21 tons, growing by 22% against 2021 figures. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52%. As a result, the exports reached the peak of 23 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, cumin seeds, crushed or ground exports skyrocketed to $325K in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Poland (10.0 tons)
2. Switzerland (3.6 tons)
3. Germany (3.1 tons)
4. Lithuania (1.4 tons)
5. Netherlands (0.6 tons)
6. Italy (0.5 tons)
7. Sweden (0.5 tons)
8. Slovenia (0.3 tons)
9. Ireland (0.3 tons)

Source: IndexBox Market Intelligence Platform