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

Contents:

1. Price for Cumin Seeds, Neither Crushed Nor Ground in Israel (CIF) - 2022
2. Imports of Cumin Seeds, Neither Crushed Nor Ground in Israel

Price for Cumin Seeds, Neither Crushed Nor Ground in Israel (CIF) - 2022

The average import price for cumin seeds, neither crushed nor ground stood at $3,205 per ton in 2022, surging by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 23% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($3,205 per ton), while the price for India ($3,205 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Israel

For the fourth consecutive year, Israel recorded growth in purchases abroad of cumin seeds, neither crushed nor ground, which increased by 1.2% to 526 tons in 2022. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 2.4% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, imports of cumin seeds, neither crushed nor ground skyrocketed to $1.7M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. India (505.7 tons)
2. United Arab Emirates (9.4 tons)
3. Turkey (9.0 tons)

Source: IndexBox Market Intelligence Platform