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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $7,376 per ton in October 2023, increasing by 6.1% against the previous month. Over the period under review, import price indicated moderate growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for cumin seeds, neither crushed nor ground increased by +37.3% against August 2023 indices. The pace of growth appeared the most rapid in July 2023 an increase of 59% against the previous month. As a result, import price reached the peak level of $8,768 per ton. From August 2023 to October 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($12,572 per ton), while the price for India ($6,188 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cumin Seeds, Neither Crushed Nor Ground in Germany (FOB) - 2023

The average export price for cumin seeds, neither crushed nor ground stood at $16,650 per ton in October 2023, jumping by 230% against the previous month. Overall, the export price showed a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($19,281 per ton), while the average price for exports to Norway ($10,304 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Germany

After three years of growth, overseas purchases of cumin seeds, neither crushed nor ground decreased by -61.9% to 973 tons in 2022. Overall, imports faced a deep slump. The pace of growth was the most pronounced in 2020 when imports increased by 71%.

In value terms, imports of cumin seeds, neither crushed nor ground dropped markedly to $4M in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 54% against the previous year.

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

1. India (519.8 tons)
2. Netherlands (166.7 tons)
3. Turkey (101.1 tons)
4. Austria (86.9 tons)
5. Syrian Arab Republic (77.8 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Germany

In 2022, after three years of growth, there was significant decline in overseas shipments of cumin seeds, neither crushed nor ground, when their volume decreased by -61.7% to 208 tons. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 137% against the previous year. As a result, the exports attained the peak of 543 tons, and then declined significantly in the following year.

In value terms, exports of cumin seeds, neither crushed nor ground dropped dramatically to $1.2M in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 111% against the previous year. As a result, the exports reached the peak of $2.5M, and then reduced sharply in the following year.

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

1. Spain (49.1 tons)
2. Poland (29.7 tons)
3. Czech Republic (24.1 tons)
4. Venezuela (24.0 tons)
5. Austria (14.8 tons)
6. France (12.8 tons)
7. Italy (11.9 tons)
8. Switzerland (9.6 tons)
9. Denmark (7.0 tons)
10. Netherlands (6.7 tons)
11. Guatemala (6.7 tons)

Source: IndexBox Market Intelligence Platform