Price for Cumin Seeds, Crushed or Ground in Costa Rica - 2022

Contents:

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

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

The average import price for cumin seeds, crushed or ground stood at $4,274 per ton in 2022, growing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 ($6,804 per ton), while the price for India ($3,845 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, crushed or ground amounted to $5,295 per ton, shrinking by -14.3% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 8.2%. The export price peaked at $6,180 per ton in 2021, and then declined in the following year.

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 El Salvador ($8,418 per ton), while the average price for exports to Panama ($2,882 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 Guatemala (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in Costa Rica

In 2022, supplies from abroad of cumin seeds, crushed or ground decreased by -8.9% to 103 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 43%. As a result, imports reached the peak of 116 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, cumin seeds, crushed or ground imports rose to $442K in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 56%. As a result, imports attained the peak of $452K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. Spain (77.5 tons)
2. India (16.9 tons)
3. United States (8.8 tons)

Exports of Cumin Seeds, Crushed or Ground in Costa Rica

Cumin seeds, crushed or ground exports from Costa Rica rose rapidly to 13 tons in 2022, growing by 9.8% against the previous year's figure. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cumin seeds, crushed or ground exports reduced to $69K in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 9.6%. As a result, the exports reached the peak of $76K. From 2021 to 2022, the growth of the exports failed to regain momentum.

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

1. Panama (6.9 tons)
2. El Salvador (3.5 tons)
3. Guatemala (2.8 tons)

Source: IndexBox Market Intelligence Platform