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

Contents:

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

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

The average export price for cumin seeds, crushed or ground stood at $5,311 per ton in 2022, increasing by 3.9% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 export price increased by +75.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 38%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($12,121 per ton), while the average price for exports to Bangladesh ($2,505 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 France (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cumin seeds, crushed or ground stood at $1,995 per ton in 2022, standing approx. at the previous year. Overall, the import price, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2018 an increase of 86% against the previous year. The import price peaked at $3,028 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 ($3,989 per ton), while the price for Myanmar ($777 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.3%), while the prices for the other major suppliers experienced a decline.

Exports of Cumin Seeds, Crushed or Ground in Pakistan

In 2022, after two years of decline, there was significant growth in overseas shipments of cumin seeds, crushed or ground, when their volume increased by 19% to 154 tons. Overall, exports, however, saw a precipitous decline.

In value terms, cumin seeds, crushed or ground exports skyrocketed to $819K in 2022. Over the period under review, exports, however, saw a significant curtailment.

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

1. Bangladesh (90.4 tons)
2. Sri Lanka (34.8 tons)
3. France (6.0 tons)
4. United Arab Emirates (2.5 tons)

Imports of Cumin Seeds, Crushed or Ground in Pakistan

After three years of growth, overseas purchases of cumin seeds, crushed or ground decreased by -19.8% to 68 tons in 2022. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 189% against the previous year.

In value terms, cumin seeds, crushed or ground imports declined markedly to $136K in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 203% against the previous year.

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

1. United Arab Emirates (57.8 tons)
2. Myanmar (8.6 tons)
3. India (1.2 tons)
4. Afghanistan (0.6 tons)

Source: IndexBox Market Intelligence Platform