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

Contents:

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

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

In October 2023, the average import price for cumin seeds, neither crushed nor ground amounted to $8,405 per ton, growing by 9.5% against the previous month. Overall, the import price recorded a buoyant expansion. The pace of growth was the most pronounced in November 2022 when the average import price increased by 110% m-o-m. Over the period under review, average import prices attained the peak figure at $10,327 per ton in August 2023; however, from September 2023 to October 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was the Netherlands ($9,818 per ton), while the price for Syrian Arab Republic stood at $7,699 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $53,291 per ton, jumping by 1,172% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($72,000 per ton), while the average price for exports to Pakistan amounted to $52,358 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+32.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Greece

In 2022, approx. 218 tons of cumin seeds, neither crushed nor ground were imported into Greece; growing by 2% compared with the year before. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 43%. As a result, imports attained the peak of 268 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 soared to $660K in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.7% 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 +80.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. India (100.0 tons)
2. Pakistan (61.4 tons)
3. Syrian Arab Republic (16.7 tons)
4. Turkey (16.0 tons)
5. Italy (14.4 tons)
6. Netherlands (6.3 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Greece

In 2022, approx. 196 kg of cumin seeds, neither crushed nor ground were exported from Greece; dropping by -4.9% compared with 2021 figures. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 175% against the previous year. As a result, the exports reached the peak of 206 kg, and then dropped slightly in the following year.

In value terms, exports of cumin seeds, neither crushed nor ground surged to $10K in 2022. Over the period under review, exports, however, showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Pakistan (193.0 kg)
2. Cyprus (1.0 kg)

Source: IndexBox Market Intelligence Platform