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

Contents:

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

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

In 2022, the average import price for cumin seeds, crushed or ground amounted to $8,099 per ton, reducing by -4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 22%. Over the period under review, average import prices reached the peak figure at $8,468 per ton in 2021, and then shrank slightly in the following year.

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 China ($13,493 per ton), while the price for Spain ($5,466 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cumin seeds, crushed or ground stood at $5,732 per ton in 2022, declining by -31.1% against the previous year. Over the period under review, the export price showed a slight reduction. The most prominent rate of growth was recorded in 2020 an increase of 122%. As a result, the export price reached the peak level of $10,275 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +26.7% per year.

Imports of Cumin Seeds, Crushed or Ground in Switzerland

In 2022, supplies from abroad of cumin seeds, crushed or ground decreased by -6.4% to 47 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 9.6% against the previous year.

In value terms, cumin seeds, crushed or ground imports shrank to $382K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year.

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

1. Spain (13.5 tons)
2. India (7.5 tons)
3. Turkey (6.6 tons)
4. Germany (6.2 tons)
5. Netherlands (3.4 tons)
6. Austria (2.9 tons)
7. Italy (2.0 tons)
8. United Kingdom (0.1 tons)

Exports of Cumin Seeds, Crushed or Ground in Switzerland

Cumin seeds, crushed or ground exports from Switzerland fell rapidly to 3 tons in 2022, declining by -45.1% against 2021 figures. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 127% against the previous year. As a result, the exports reached the peak of 5.5 tons, and then shrank rapidly in the following year.

In value terms, cumin seeds, crushed or ground exports dropped sharply to $17K in 2022. Over the period under review, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 84%. As a result, the exports attained the peak of $46K, and then reduced markedly in the following year.

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

1. Spain (3.0 tons)

Source: IndexBox Market Intelligence Platform