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

Contents:

1. Price for Cumin Seeds, Crushed or Ground in Mexico (CIF) - 2023
2. Price for Cumin Seeds, Crushed or Ground in Mexico (FOB) - 2022
3. Imports of Cumin Seeds, Crushed or Ground in Mexico
4. Exports of Cumin Seeds, Crushed or Ground in Mexico

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

The average import price for cumin seeds, crushed or ground stood at $3,658 per ton in June 2023, surging by 42% against the previous month. Overall, the import price, however, showed a mild contraction. The pace of growth was the most pronounced in December 2022 when the average import price increased by 144% m-o-m. Over the period under review, average import prices attained the maximum at $8,201 per ton in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From July 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +1.7% per month.

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

In 2022, the average export price for cumin seeds, crushed or ground amounted to $3,000 per ton, waning by -28.1% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2013 when the average export price increased by 87% against the previous year. The export price peaked at $4,172 per ton in 2021, and then reduced dramatically in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +22.3% per year.

Imports of Cumin Seeds, Crushed or Ground in Mexico

In 2022, cumin seeds, crushed or ground imports into Mexico shrank to 112 tons, which is down by -10.5% compared with the year before. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year.

In value terms, cumin seeds, crushed or ground imports contracted to $467K in 2022. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 30%.

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

1. India (101.8 tons)
2. United States (8.3 tons)
3. Turkey (1.6 tons)

Exports of Cumin Seeds, Crushed or Ground in Mexico

In 2022, approx. 8 kg of cumin seeds, crushed or ground were exported from Mexico; with a decrease of -99.2% compared with the year before. Overall, exports continue to indicate a dramatic shrinkage. The smallest decline of -56.7% was in 2021.

In value terms, cumin seeds, crushed or ground exports fell remarkably to $24 in 2022. Over the period under review, exports saw a precipitous shrinkage. The smallest decline of -55.5% was in 2021.

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

1. Cuba (8.0 kg)

Source: IndexBox Market Intelligence Platform