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

Contents:

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

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

In 2022, the average import price for cumin seeds, crushed or ground amounted to $2,590 per ton, almost unchanged from the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 120%. As a result, import price attained the peak level of $7,273 per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 the United States ($5,116 per ton), while the price for India stood at $2,558 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, crushed or ground amounted to $2,855 per ton, which is down by -33.3% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2017 an increase of 54%. As a result, the export price reached the peak level of $11,589 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($8,109 per ton), while the average price for exports to Paraguay ($1,895 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 Singapore (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in Brazil

In 2022, the amount of cumin seeds, crushed or ground imported into Brazil skyrocketed to 277 tons, jumping by 92% on the year before. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 106% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, cumin seeds, crushed or ground imports soared to $717K in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. India (273.5 tons)
2. United States (3.1 tons)

Exports of Cumin Seeds, Crushed or Ground in Brazil

For the fourth year in a row, Brazil recorded growth in shipments abroad of cumin seeds, crushed or ground, which increased by 182% to 8.5 tons in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 225% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, cumin seeds, crushed or ground exports soared to $24K in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 176% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

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

1. Paraguay (6.8 tons)
2. Marshall Islands (0.4 tons)
3. Liberia (0.3 tons)
4. Angola (0.2 tons)
5. Singapore (0.2 tons)
6. Panama (0.2 tons)
7. Hong Kong SAR (0.1 tons)

Source: IndexBox Market Intelligence Platform