Price for Cumin Seeds, Neither Crushed Nor Ground in Australia - 2023

Contents:

1. Price for Cumin Seeds, Neither Crushed Nor Ground in Australia (CIF) - 2023
2. Price for Cumin Seeds, Neither Crushed Nor Ground in Australia (FOB) - 2022
3. Imports of Cumin Seeds, Neither Crushed Nor Ground in Australia
4. Exports of Cumin Seeds, Neither Crushed Nor Ground in Australia

Price for Cumin Seeds, Neither Crushed Nor Ground in Australia (CIF) - 2023

The average import price for cumin seeds, neither crushed nor ground stood at $7,664 per ton in November 2023, declining by -3.9% against the previous month. Over the period under review, the import price, however, posted a remarkable increase. The pace of growth was the most pronounced in May 2023 an increase of 25% month-to-month. The import price peaked at $7,977 per ton in October 2023, and then fell modestly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was India ($8,632 per ton), while the price for Turkey ($697 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cumin Seeds, Neither Crushed Nor Ground in Australia (FOB) - 2022

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $4,890 per ton, declining by -28% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 111%. As a result, the export price attained the peak level of $10,370 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($6,638 per ton), while the average price for exports to India ($3,949 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+0.1%).

Imports of Cumin Seeds, Neither Crushed Nor Ground in Australia

In 2022, overseas purchases of cumin seeds, neither crushed nor ground decreased by -4.3% to 635 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of 701 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cumin seeds, neither crushed nor ground skyrocketed to $2.3M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.5% 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 +58.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 24%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Cumin Seeds, Neither Crushed Nor Ground to Australia in 2022:

1. India (614.0 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Australia

For the third year in a row, Australia recorded decline in overseas shipments of cumin seeds, neither crushed nor ground, which decreased by -34.5% to 3 tons in 2022. Overall, exports showed a precipitous setback. The smallest decline of -10.7% was in 2020.

In value terms, exports of cumin seeds, neither crushed nor ground reduced sharply to $15K in 2022. In general, exports showed a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 88% against the previous year. As a result, the exports reached the peak of $56K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Cumin Seeds, Neither Crushed Nor Ground from Australia in 2022:

1. New Zealand (2.0 tons)
2. Egypt (0.5 tons)
3. India (0.5 tons)

Source: IndexBox Market Intelligence Platform