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

Contents:

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

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

The average import price for cumin seeds, crushed or ground stood at $4,987 per ton in June 2023, rising by 13% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in September 2022 when the average import price increased by 25% m-o-m. Over the period under review, average import prices reached the maximum at $5,566 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Austria ($11,252 per ton), while the price for Poland ($2,145 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 Austria (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cumin Seeds, Crushed or Ground in Germany (FOB) - 2023

The average export price for cumin seeds, crushed or ground stood at $10,378 per ton in June 2023, jumping by 31% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Poland ($17,671 per ton), while the average price for exports to Austria ($6,013 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in Germany

For the fourth consecutive year, Germany recorded growth in supplies from abroad of cumin seeds, crushed or ground, which increased by 3.8% to 798 tons in 2022. The total import volume increased at an average annual rate of +13.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, cumin seeds, crushed or ground imports rose significantly to $3.5M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. India (412.6 tons)
2. Netherlands (121.7 tons)
3. Turkey (121.1 tons)
4. Syrian Arab Republic (47.0 tons)
5. Spain (35.1 tons)
6. United Kingdom (16.7 tons)
7. Austria (16.4 tons)

Exports of Cumin Seeds, Crushed or Ground in Germany

In 2022, overseas shipments of cumin seeds, crushed or ground decreased by -2.5% to 353 tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2020 when exports increased by 123%. As a result, the exports reached the peak of 721 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cumin seeds, crushed or ground exports fell modestly to $2.7M in 2022. Over the period under review, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 107%. As a result, the exports reached the peak of $4.1M. From 2021 to 2022, the growth of the exports failed to regain momentum.

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

1. France (98.4 tons)
2. Poland (38.7 tons)
3. Netherlands (33.1 tons)
4. Austria (30.5 tons)
5. Spain (28.6 tons)
6. Denmark (26.7 tons)
7. Belgium (11.9 tons)
8. Switzerland (10.3 tons)
9. Czech Republic (9.3 tons)
10. Portugal (7.5 tons)
11. Greece (6.6 tons)
12. Canada (6.2 tons)
13. United Kingdom (2.7 tons)

Source: IndexBox Market Intelligence Platform