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

Contents:

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

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

The average import price for cumin seeds, crushed or ground stood at $5,166 per ton in 2022, surging by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2016 an increase of 32%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Romania ($18,588 per ton), while the price for Bangladesh ($2,866 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, crushed or ground amounted to $4,809 per ton, picking up by 4% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2020 when the average export price increased by 36% against the previous year. As a result, the export price reached the peak level of $5,758 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

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 Switzerland ($6,980 per ton), while the average price for exports to Greece ($3,731 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 Portugal (+201.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in Italy

In 2022, after three years of growth, there was significant decline in supplies from abroad of cumin seeds, crushed or ground, when their volume decreased by -27.6% to 85 tons. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 79%. As a result, imports attained the peak of 118 tons, and then reduced sharply in the following year.

In value terms, cumin seeds, crushed or ground imports shrank to $441K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 +54.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. As a result, imports attained the peak of $508K, and then reduced in the following year.

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

1. India (30.0 tons)
2. Netherlands (17.4 tons)
3. France (12.0 tons)
4. Spain (11.5 tons)
5. Germany (7.5 tons)
6. Bangladesh (3.4 tons)
7. Romania (1.7 tons)

Exports of Cumin Seeds, Crushed or Ground in Italy

In 2022, cumin seeds, crushed or ground exports from Italy was estimated at 59 tons, surging by 13% on 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 135% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cumin seeds, crushed or ground exports surged to $282K in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 89%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. United Kingdom (15.0 tons)
2. Spain (11.0 tons)
3. Greece (5.3 tons)
4. Malta (3.8 tons)
5. France (3.2 tons)
6. Germany (3.2 tons)
7. Austria (3.1 tons)
8. Portugal (2.8 tons)
9. Switzerland (1.9 tons)

Source: IndexBox Market Intelligence Platform