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

Contents:

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

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

The average import price for cumin seeds, crushed or ground stood at $13,251 per ton in 2022, shrinking by -14.1% against the previous year. In general, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in 2019 an increase of 59% against the previous year. Over the period under review, average import prices hit record highs at $18,410 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($20,403 per ton), while the price for Germany ($6,231 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cumin seeds, crushed or ground amounted to $5,500 per ton, which is down by -66.5% against the previous year. Overall, the export price showed a deep slump. The pace of growth was the most pronounced in 2013 an increase of 34% against the previous year. Over the period under review, the average export prices attained the maximum at $30,625 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +24.6% per year.

Imports of Cumin Seeds, Crushed or Ground in Luxembourg

In 2022, imports of cumin seeds, crushed or ground into Luxembourg declined dramatically to 1.1 tons, dropping by -30.8% on 2021. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports attained the peak of 1.6 tons, and then reduced notably in the following year.

In value terms, cumin seeds, crushed or ground imports dropped sharply to $15K in 2022. In general, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of $25K, and then declined dramatically in the following year.

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

1. France (406.0 kg)
2. Belgium (227.0 kg)
3. Netherlands (159.0 kg)
4. India (106.0 kg)
5. Portugal (105.0 kg)
6. Germany (91.0 kg)

Exports of Cumin Seeds, Crushed or Ground in Luxembourg

For the third consecutive year, Luxembourg recorded decline in overseas shipments of cumin seeds, crushed or ground, which decreased by -60% to 2 kg in 2022. In general, exports recorded a significant curtailment. The smallest decline of -37.5% was in 2021.

In value terms, cumin seeds, crushed or ground exports contracted markedly to $11 in 2022. Over the period under review, exports showed a dramatic downturn. The smallest decline of -66.5% was in 2021.

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

1. Belgium (2.0 kg)

Source: IndexBox Market Intelligence Platform