Price for Cumin Seeds, Crushed or Ground in the Dominican Republic - 2023

Contents:

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

Price for Cumin Seeds, Crushed or Ground in the Dominican Republic (CIF) - 2022

The average import price for cumin seeds, crushed or ground stood at $6,132 per ton in 2022, picking up by 9.8% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 33% against the previous year. Over the period under review, average import prices reached the maximum at $7,135 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,680 per ton), while the price for Spain ($3,785 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cumin Seeds, Crushed or Ground in the Dominican Republic (FOB) - 2022

In 2022, the average export price for cumin seeds, crushed or ground amounted to $6,342 per ton, falling by -46.7% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 72%. Over the period under review, the average export prices hit record highs at $45,100 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Haiti amounted to -19.6% per year.

Imports of Cumin Seeds, Crushed or Ground in the Dominican Republic

Cumin seeds, crushed or ground imports into the Dominican Republic skyrocketed to 5.8 tons in 2022, surging by 16% on 2021 figures. Overall, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +2.5% 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 +59.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cumin seeds, crushed or ground imports surged to $36K in 2022. Over the period under review, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Cumin Seeds, Crushed or Ground to the Dominican Republic in 2022:

1. India (2.9 tons)
2. Spain (1.9 tons)
3. United States (1.1 tons)

Exports of Cumin Seeds, Crushed or Ground in the Dominican Republic

In 2022, approx. 2.2 tons of cumin seeds, crushed or ground were exported from the Dominican Republic; increasing by 93% compared with the previous year's figure. In general, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 21,700% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cumin seeds, crushed or ground exports expanded to $14K in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 17,068% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Cumin Seeds, Crushed or Ground from the Dominican Republic in 2022:

1. Haiti (2.2 tons)

Source: IndexBox Market Intelligence Platform