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

Contents:

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

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

In July 2023, the average import price for cumin seeds, crushed or ground amounted to $2,714 per ton, surging by 6.3% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 9.3% month-to-month. As a result, import price attained the peak level of $3,340 per ton. From February 2023 to July 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Vietnam ($2,873 per ton), while the price for Spain ($2,538 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (-0.3%), while the prices for the other major suppliers experienced a decline.

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

In July 2023, the average export price for cumin seeds, crushed or ground amounted to $2,569 per ton, with a decrease of -8.3% against the previous month. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in March 2023 an increase of 44% against the previous month. Over the period under review, the average export prices reached the peak figure at $6,022 per ton in September 2022; however, from October 2022 to July 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($3,792 per ton), while the average price for exports to Canada ($2,418 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cumin Seeds, Crushed or Ground in the United States

In 2022, overseas purchases of cumin seeds, crushed or ground decreased by -5.7% to 6.7K 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 +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 27%.

In value terms, cumin seeds, crushed or ground imports expanded to $19M in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 12% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

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

1. Egypt (undefinedK tons)
2. India (5.2K tons)
3. Turkey (0.8K tons)
4. Vietnam (0.5K tons)
5. Spain (0.2K tons)

Exports of Cumin Seeds, Crushed or Ground in the United States

In 2022, cumin seeds, crushed or ground exports from the United States soared to 600 tons, with an increase of 19% against the year before. Overall, exports, however, recorded a noticeable decline.

In value terms, cumin seeds, crushed or ground exports skyrocketed to $2.8M in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Canada (351.8 tons)
2. Brazil (123.0 tons)
3. Singapore (38.2 tons)
4. Mexico (23.7 tons)
5. United Kingdom (23.4 tons)
6. El Salvador (21.9 tons)
7. Hong Kong SAR (3.0 tons)

Source: IndexBox Market Intelligence Platform