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

Contents:

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

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

The average import price for cumin seeds, crushed or ground stood at $5,228 per ton in 2022, surging by 20% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. The import price peaked at $6,582 per ton in 2014; however, from 2015 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 Israel ($24,995 per ton), while the price for India ($2,733 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+28.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for cumin seeds, crushed or ground amounted to $2,600 per ton, increasing by 30% against the previous year. Overall, the export price, however, showed a dramatic curtailment. The export price peaked at $14,200 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Marshall Islands ($4,000 per ton), while the average price for exports to Greece ($1,000 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (-18.7%).

Imports of Cumin Seeds, Crushed or Ground in Ukraine

In 2022, approx. 5.5 tons of cumin seeds, crushed or ground were imported into Ukraine; shrinking by -18.9% against 2021. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +6.3% 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 +61.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 99%. As a result, imports attained the peak of 6.8 tons, and then reduced dramatically in the following year.

In value terms, cumin seeds, crushed or ground imports declined to $29K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.3% 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 +64.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 69%. As a result, imports attained the peak of $30K, and then shrank in the following year.

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

1. Spain (3.2 tons)
2. India (2.0 tons)
3. Israel (0.2 tons)

Exports of Cumin Seeds, Crushed or Ground in Ukraine

In 2022, the amount of cumin seeds, crushed or ground exported from Ukraine soared to 5 kg, jumping by 67% on the year before. Overall, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cumin seeds, crushed or ground exports skyrocketed to $13 in 2022. Over the period under review, exports showed significant growth. 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 Ukraine in 2022:

1. Lebanon (2.0 kg)
2. Seychelles (1.0 kg)
3. Marshall Islands (1.0 kg)
4. Greece (1.0 kg)

Source: IndexBox Market Intelligence Platform