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

Contents:

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

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

In June 2023, the average import price for cumin seeds, crushed or ground amounted to $4,761 per ton, surging by 6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 31% month-to-month. As a result, import price reached the peak level of $5,820 per ton. From November 2022 to June 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Bangladesh ($6,855 per ton), while the price for China ($4,507 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cumin seeds, crushed or ground stood at $3,522 per ton in 2022, surging by 9.5% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 71% against the previous year. The export price peaked at $6,332 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +9.6% per year.

Imports of Cumin Seeds, Crushed or Ground in Canada

For the third consecutive year, Canada recorded decline in purchases abroad of cumin seeds, crushed or ground, which decreased by -11.4% to 666 tons in 2022. Overall, imports showed a deep setback. The smallest decline of -0.6% was in 2020.

In value terms, cumin seeds, crushed or ground imports expanded modestly to $3.2M in 2022. In general, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2020 when imports increased by 4.1%. As a result, imports reached the peak of $3.5M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. India (532.4 tons)
2. Turkey (46.2 tons)
3. China (17.3 tons)
4. United States (16.0 tons)
5. Indonesia (4.6 tons)

Exports of Cumin Seeds, Crushed or Ground in Canada

In 2022, overseas shipments of cumin seeds, crushed or ground increased by 43% to 166 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a dramatic shrinkage.

In value terms, cumin seeds, crushed or ground exports surged to $583K in 2022. In general, exports, however, saw a abrupt curtailment.

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

1. United States (165.2 tons)

Source: IndexBox Market Intelligence Platform