Price for Cumin Seeds, Crushed or Ground in Colombia - 2022

Contents:

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

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

In 2022, the average import price for cumin seeds, crushed or ground amounted to $3,783 per ton, leveling off at the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 16% against the previous year. Over the period under review, average import prices reached the maximum at $4,565 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($19,557 per ton), while the price for Spain ($3,112 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+23.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cumin seeds, crushed or ground stood at $2,611 per ton in 2022, growing by 27% against the previous year. In general, the export price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 30% against the previous year. The export price peaked at $8,657 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($6,000 per ton), while the average price for exports to Canada ($1,000 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 Aruba (+19.6%), while the prices for the other major destinations experienced a decline.

Imports of Cumin Seeds, Crushed or Ground in Colombia

In 2022, the amount of cumin seeds, crushed or ground imported into Colombia declined to 38 tons, dropping by -12.7% against 2021. The total import volume increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of 44 tons, and then shrank in the following year.

In value terms, cumin seeds, crushed or ground imports contracted to $145K in 2022. Over the period under review, imports, however, continue to indicate slight growth. The growth pace was the most rapid in 2021 when imports increased by 33%. As a result, imports reached the peak of $165K, and then reduced in the following year.

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

1. Spain (13.7 tons)
2. Netherlands (2.6 tons)
3. United States (2.5 tons)
4. El Salvador (0.7 tons)
5. India (0.4 tons)

Exports of Cumin Seeds, Crushed or Ground in Colombia

In 2022, after two years of decline, there was significant growth in overseas shipments of cumin seeds, crushed or ground, when their volume increased by 238% to 54 kg. Over the period under review, exports, however, showed a dramatic setback.

In value terms, cumin seeds, crushed or ground exports surged to $141 in 2022. Overall, exports, however, showed a precipitous slump.

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

1. Peru (52.0 kg)
2. Canada (1.0 kg)
3. Aruba (1.0 kg)

Source: IndexBox Market Intelligence Platform