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

Contents:

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

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

The average export price for cumin seeds, crushed or ground stood at $3,138 per ton in 2022, with a decrease of -22.8% against the previous year. Overall, the export price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2013 when the average export price increased by 32%. As a result, the export price reached the peak level of $5,516 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($7,813 per ton), while the average price for exports to Costa Rica ($1,571 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 El Salvador (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for cumin seeds, crushed or ground stood at $6,506 per ton in 2022, with an increase of 2.8% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cumin seeds, crushed or ground import price decreased by -0.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs at $6,565 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 India ($18,029 per ton), while the price for the United States ($4,580 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cumin Seeds, Crushed or Ground in Guatemala

For the fourth consecutive year, Guatemala recorded growth in overseas shipments of cumin seeds, crushed or ground, which increased by 131% to 25 tons in 2022. In general, exports recorded a significant increase. 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 soared to $77K in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Costa Rica (13.4 tons)
2. El Salvador (9.6 tons)
3. Honduras (1.2 tons)
4. Nicaragua (0.2 tons)

Imports of Cumin Seeds, Crushed or Ground in Guatemala

In 2022, supplies from abroad of cumin seeds, crushed or ground decreased by -18.8% to 10 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of 13 tons, and then reduced remarkably in the following year.

In value terms, cumin seeds, crushed or ground imports declined remarkably to $68K in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports attained the peak of $81K, and then reduced sharply in the following year.

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

1. Costa Rica (3.6 tons)
2. Spain (3.5 tons)
3. United States (2.1 tons)
4. India (1.2 tons)

Source: IndexBox Market Intelligence Platform