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

Contents:

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

Price for Cumin Seeds, Crushed or Ground in the Netherlands (FOB) - 2023

The average export price for cumin seeds, crushed or ground stood at $6,858 per ton in June 2023, picking up by 19% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Spain ($12,655 per ton), while the average price for exports to Germany ($5,929 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In June 2023, the average import price for cumin seeds, crushed or ground amounted to $6,361 per ton, with an increase of 16% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.9%. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 44% month-to-month. The import price peaked in June 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($10,284 per ton), while the price for the UK ($5,331 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cumin Seeds, Crushed or Ground in the Netherlands

In 2022, after three years of growth, there was decline in shipments abroad of cumin seeds, crushed or ground, when their volume decreased by -4.3% to 1.1K tons. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.6% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 29%. As a result, the exports attained the peak of 1.2K tons, and then fell modestly in the following year.

In value terms, cumin seeds, crushed or ground exports shrank to $6M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. As a result, the exports attained the peak of $6.2M, and then dropped slightly in the following year.

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

1. France (248.6 tons)
2. Germany (234.4 tons)
3. Belgium (228.6 tons)
4. Sweden (68.1 tons)
5. Italy (48.4 tons)
6. Spain (41.6 tons)
7. Denmark (41.4 tons)
8. United Kingdom (34.3 tons)
9. Hungary (26.9 tons)
10. Ireland (20.8 tons)
11. Mexico (18.2 tons)

Imports of Cumin Seeds, Crushed or Ground in the Netherlands

Cumin seeds, crushed or ground imports into the Netherlands surged to 1.1K tons in 2022, growing by 16% compared with the previous year's figure. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 140%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, cumin seeds, crushed or ground imports surged to $4.9M in 2022. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 143%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

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

1. Vietnam (620.5 tons)
2. India (161.3 tons)
3. Belgium (107.4 tons)
4. Spain (63.5 tons)
5. United Kingdom (56.1 tons)
6. Germany (39.6 tons)
7. Turkey (29.4 tons)

Source: IndexBox Market Intelligence Platform