Price for Cumin Seeds, Crushed or Ground in Russia - 2022

Contents:

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

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

The average export price for cumin seeds, crushed or ground stood at $2,568 per ton in 2022, rising by 24% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The export price peaked at $4,900 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($17,831 per ton), while the average price for exports to Belarus ($1,210 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 Turkmenistan (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cumin seeds, crushed or ground stood at $3,173 per ton in 2022, falling by -4.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 45%. As a result, import price reached the peak level of $3,723 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($3,807 per ton), while the price for India totaled $2,360 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cumin Seeds, Crushed or Ground in Russia

In 2022, approx. 20 tons of cumin seeds, crushed or ground were exported from Russia; reducing by -32.3% compared with the previous year. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 188%. As a result, the exports attained the peak of 30 tons, and then reduced notably in the following year.

In value terms, cumin seeds, crushed or ground exports contracted rapidly to $52K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 47%. As a result, the exports reached the peak of $61K, and then fell dramatically in the following year.

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

1. Belarus (15.4 tons)
2. Ukraine (3.2 tons)
3. United States (1.0 tons)
4. Canada (0.5 tons)

Imports of Cumin Seeds, Crushed or Ground in Russia

For the third year in a row, Russia recorded decline in overseas purchases of cumin seeds, crushed or ground, which decreased by -1.8% to 12 tons in 2022. Overall, imports recorded a drastic downturn.

In value terms, cumin seeds, crushed or ground imports dropped to $37K in 2022. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 15%.

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

1. Israel (6.5 tons)
2. India (5.1 tons)

Source: IndexBox Market Intelligence Platform