Price for Cumin Seeds, Neither Crushed Nor Ground in Brazil - 2024

Contents:

1. Price for Cumin Seeds, Neither Crushed Nor Ground in Brazil (CIF) - 2024
2. Price for Cumin Seeds, Neither Crushed Nor Ground in Brazil (FOB) - 2022
3. Imports of Cumin Seeds, Neither Crushed Nor Ground in Brazil
4. Exports of Cumin Seeds, Neither Crushed Nor Ground in Brazil

Price for Cumin Seeds, Neither Crushed Nor Ground in Brazil (CIF) - 2024

In December 2023, the average import price for cumin seeds, neither crushed nor ground amounted to $1,920 per ton, dropping by -63.7% against the previous month. Over the period under review, the import price saw a slight curtailment. The most prominent rate of growth was recorded in June 2023 an increase of 51% month-to-month. The import price peaked at $5,289 per ton in November 2023, and then shrank significantly in the following month.

As there is only one major supplying country, the average price level is determined by prices for India.

From January 2023 to December 2023, the rate of growth in terms of prices for India amounted to -1.2% per month.

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

The average export price for cumin seeds, neither crushed nor ground stood at $7,468 per ton in 2022, increasing by 61% against the previous year. In general, the export price enjoyed perceptible growth. The growth pace was the most rapid in 2015 when the average export price increased by 178% against the previous year. The export price peaked at $10,500 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Hong Kong SAR ($10,769 per ton), while the average price for exports to Liberia ($6,538 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 Hong Kong SAR (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Brazil

In 2022, imports of cumin seeds, neither crushed nor ground into Brazil soared to 5.2K tons, growing by 21% on the year before. In general, imports, however, showed a perceptible decrease.

In value terms, imports of cumin seeds, neither crushed nor ground surged to $12M in 2022. Overall, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. India (5.2K tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Brazil

In 2022, shipments abroad of cumin seeds, neither crushed nor ground decreased by -81.8% to 329 kg, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 3,424%. As a result, the exports reached the peak of 8.2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cumin seeds, neither crushed nor ground reduced notably to $2.5K in 2022. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 5,465%. As a result, the exports attained the peak of $83K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Marshall Islands (79.0 kg)
2. Singapore (47.0 kg)
3. Panama (45.0 kg)
4. Liberia (26.0 kg)
5. Hong Kong SAR (26.0 kg)
6. Bahamas (24.0 kg)
7. Malta (17.0 kg)
8. India (7.0 kg)

Source: IndexBox Market Intelligence Platform