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

Contents:

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

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

In October 2023, the average import price for cumin seeds, neither crushed nor ground amounted to $14,755 per ton, surging by 322% against the previous month. Over the period under review, the import price saw a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From October 2022 to October 2023, the rate of growth in terms of prices for Poland amounted to +6.0% per month.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $2,884 per ton, shrinking by -2.6% against the previous year. Over the period under review, the export price saw a noticeable curtailment. The growth pace was the most rapid in 2015 when the average export price increased by 38% against the previous year. The export price peaked at $4,010 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($4,633 per ton), while the average price for exports to Croatia ($1,829 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 Ukraine (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Hungary

In 2022, the amount of cumin seeds, neither crushed nor ground imported into Hungary soared to 278 tons, increasing by 25% compared with the previous year's figure. The total import volume increased at an average annual rate of +11.5% 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 with an increase of 35%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of cumin seeds, neither crushed nor ground rose modestly to $476K in 2022. The total import value increased at an average annual rate of +14.2% 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 when imports increased by 44%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Czech Republic (134.0 tons)
2. Netherlands (53.3 tons)
3. Lithuania (32.2 tons)
4. India (20.3 tons)
5. Poland (13.8 tons)
6. Austria (9.7 tons)
7. Slovakia (7.7 tons)
8. Latvia (0.1 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Hungary

After three years of growth, overseas shipments of cumin seeds, neither crushed nor ground decreased by -18% to 32 tons in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 538% against the previous year.

In value terms, exports of cumin seeds, neither crushed nor ground fell sharply to $93K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 250%.

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

1. Germany (11.7 tons)
2. Slovakia (3.4 tons)
3. Ukraine (3.0 tons)
4. Romania (2.5 tons)
5. Austria (2.1 tons)
6. Netherlands (2.0 tons)
7. Croatia (2.0 tons)
8. Greece (0.7 tons)

Source: IndexBox Market Intelligence Platform