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

Contents:

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

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

The average import price for cumin seeds, crushed or ground stood at $4,971 per ton in May 2023, declining by -8.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 17% against the previous month. The import price peaked at $5,532 per ton in February 2023; however, from March 2023 to May 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In May 2023, the country with the highest price was Turkey ($5,566 per ton), while the price for China ($3,924 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by India (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In May 2023, the average export price for cumin seeds, crushed or ground amounted to $6,648 per ton, waning by -3.6% against the previous month. Over the period under review, export price indicated a modest increase from May 2022 to May 2023: its price increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, cumin seeds, crushed or ground export price decreased by -12.5% against February 2023 indices. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 100% m-o-m. The export price peaked at $7,598 per ton in February 2023; however, from March 2023 to May 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In May 2023, the country with the highest price was France ($7,653 per ton), while the average price for exports to Turkey ($4,260 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in the UK

In 2022, purchases abroad of cumin seeds, crushed or ground decreased by -6.2% to 2.3K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 0.6% against the previous year. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cumin seeds, crushed or ground imports expanded to $9.5M in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 2.7%. As a result, imports attained the peak of $9.9M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. India (1347.5 tons)
2. Turkey (584.9 tons)
3. Vietnam (186.9 tons)
4. Spain (67.1 tons)
5. Netherlands (29.5 tons)
6. Syrian Arab Republic (2.1 tons)

Exports of Cumin Seeds, Crushed or Ground in the UK

In 2022, shipments abroad of cumin seeds, crushed or ground decreased by -15.9% to 223 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 14%. As a result, the exports attained the peak of 358 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cumin seeds, crushed or ground exports contracted markedly to $1.2M in 2022. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 22%. As a result, the exports reached the peak of $2.3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Ireland (57.5 tons)
2. France (33.0 tons)
3. Netherlands (27.0 tons)
4. Liberia (26.2 tons)
5. Poland (17.5 tons)
6. Turkey (16.9 tons)
7. Denmark (9.4 tons)
8. Germany (5.1 tons)
9. Spain (3.9 tons)
10. Italy (1.8 tons)
11. Portugal (1.2 tons)
12. Sweden (0.9 tons)

Source: IndexBox Market Intelligence Platform