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

Contents:

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

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

In 2022, the average import price for cumin seeds, crushed or ground amounted to $3,606 per ton, picking up by 14% against the previous year. In general, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 76% against the previous year. Over the period under review, average import prices reached the peak figure at $6,219 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($3,727 per ton), while the price for Vietnam stood at $3,573 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cumin seeds, crushed or ground stood at $6,510 per ton in 2022, increasing by 5.7% against the previous year. Over the period under review, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of 84% against the previous year. As a result, the export price reached the peak level of $6,530 per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($12,864 per ton), while the average price for exports to Russia ($3,000 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 Cuba (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in China

In 2022, the amount of cumin seeds, crushed or ground imported into China soared to 229 tons, picking up by 135% compared with the previous year. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 388%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cumin seeds, crushed or ground imports soared to $827K in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 484%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. Vietnam (185.4 tons)
2. India (43.8 tons)

Exports of Cumin Seeds, Crushed or Ground in China

In 2022, after two years of decline, there was significant growth in shipments abroad of cumin seeds, crushed or ground, when their volume increased by 6.3% to 19 tons. Over the period under review, exports, however, continue to indicate a perceptible setback.

In value terms, cumin seeds, crushed or ground exports rose rapidly to $127K in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

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

1. United States (4.1 tons)
2. Canada (2.5 tons)
3. Australia (1.9 tons)
4. Japan (1.3 tons)
5. Cuba (1.0 tons)
6. United Kingdom (0.9 tons)
7. Russia (0.6 tons)

Source: IndexBox Market Intelligence Platform