Price for Cumin Seeds, Crushed or Ground in Vietnam - 2021
Contents:
- Price for Cumin Seeds, Crushed or Ground in Vietnam (FOB) - 2022
- Price for Cumin Seeds, Crushed or Ground in Vietnam (CIF) - 2022
- Exports of Cumin Seeds, Crushed or Ground in Vietnam
- Imports of Cumin Seeds, Crushed or Ground in Vietnam
Price for Cumin Seeds, Crushed or Ground in Vietnam (FOB) - 2022
In 2022, the average export price for cumin seeds, crushed or ground amounted to $3,403 per ton, reducing by -1.5% against the previous year. Over the period under review, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 12% against the previous year. The export price peaked at $4,828 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Chile ($3,633 per ton) and Sweden ($3,467 per ton), while the average price for exports to Indonesia ($3,214 per ton) and Canada ($3,238 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cumin Seeds, Crushed or Ground in Vietnam (CIF) - 2022
In 2022, the average import price for cumin seeds, crushed or ground amounted to $3,649 per ton, surging by 1.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 8.3%. As a result, import price reached the peak level of $4,238 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($3,811 per ton) and Turkey ($3,679 per ton), while the price for Japan ($3,584 per ton) and Germany ($3,656 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cumin Seeds, Crushed or Ground in Vietnam
Cumin seeds, crushed or ground exports from Vietnam reduced slightly to 888 tons in 2022, with a decrease of -4.7% compared with the year before. Over the period under review, exports recorded a slight contraction. The pace of growth was the most pronounced in 2021 when exports increased by 10%. As a result, the exports attained the peak of 931 tons, and then reduced slightly in the following year.
In value terms, cumin seeds, crushed or ground exports contracted to $3M in 2022. In general, exports saw a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 14%. As a result, the exports attained the peak of $3.2M, and then fell in the following year.
| Export of Cumin Seeds, Crushed or Ground in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 419 | 400 | 867 | 911 | 29.5% |
| United States | 1,404 | 990 | 646 | 824 | -16.3% |
| South Africa | 195 | 334 | 302 | 317 | 17.6% |
| Sweden | 358 | 217 | 219 | 230 | -13.7% |
| Australia | 108 | 97.8 | 126 | 132 | 6.9% |
| Chile | 5.5 | 140 | 113 | 119 | 178.7% |
| Estonia | 151 | 137 | 106 | 109 | -10.3% |
| Indonesia | 145 | 84.0 | 75.9 | 83.2 | -16.9% |
| Japan | 97.8 | 112 | 75.7 | 79.7 | -6.6% |
| New Zealand | 55.2 | 59.0 | 61.9 | 65.1 | 5.7% |
| South Korea | 4.0 | 13.9 | 46.5 | 48.9 | 130.4% |
| United Kingdom | 92.6 | N/A | 209 | N/A | 50.2% |
| Others | 176 | 239 | 371 | 100 | -17.2% |
| Total | 3,211 | 2,824 | 3,216 | 3,020 | -2.0% |
Top Export Markets for Cumin Seeds, Crushed or Ground from Vietnam in 2022:
- Netherlands (263.5 tons)
- United States (249.6 tons)
- South Africa (91.8 tons)
- Sweden (66.4 tons)
- Australia (38.2 tons)
- Estonia (32.8 tons)
- Chile (32.7 tons)
- Indonesia (25.9 tons)
- Japan (23.7 tons)
- New Zealand (18.8 tons)
- South Korea (14.1 tons)
Imports of Cumin Seeds, Crushed or Ground in Vietnam
In 2022, cumin seeds, crushed or ground imports into Vietnam soared to 12 tons, with an increase of 34% compared with the year before. Over the period under review, imports, however, saw a abrupt setback.
In value terms, cumin seeds, crushed or ground imports skyrocketed to $44K in 2022. Overall, imports, however, continue to indicate a deep setback.
| Import of Cumin Seeds, Crushed or Ground in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 20.0 | 8.8 | 13.2 | 14.8 | -9.5% |
| India | 7.5 | 21.2 | 4.3 | 8.7 | 5.1% |
| Germany | 15.4 | 12.2 | 4.1 | 8.4 | -18.3% |
| Turkey | 5.8 | 10.4 | 7.1 | 8.0 | 11.3% |
| Australia | 6.1 | 1.4 | 3.4 | 3.9 | -13.9% |
| Others | N/A | 1.3 | N/A | N/A | 0% |
| Total | 54.7 | 55.2 | 32.2 | 43.7 | -7.2% |
Top Suppliers of Cumin Seeds, Crushed or Ground to Vietnam in 2022:
- Japan (4.1 tons)
- India (2.4 tons)
- Germany (2.3 tons)
- Turkey (2.2 tons)
- Australia (1.0 tons)
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