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

Contents:

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

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

In October 2023, the average import price for cumin seeds, neither crushed nor ground amounted to $7,855 per ton, standing approximately at the previous month. Overall, the import price continues to indicate a noticeable increase. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 100% against the previous month. Over the period under review, average import prices hit record highs in October 2023.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was the United Arab Emirates ($8,010 per ton), while the price for India stood at $7,179 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cumin seeds, neither crushed nor ground stood at $5,204 per ton in 2022, growing by 6.4% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cumin seeds, neither crushed nor ground increased by +37.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 44% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,629 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($7,894 per ton), while the average price for exports to the UK ($3,304 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 Hungary (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Italy

After three years of growth, purchases abroad of cumin seeds, neither crushed nor ground decreased by -38.5% to 191 tons in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 220% against the previous year.

In value terms, imports of cumin seeds, neither crushed nor ground reduced markedly to $862K in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 145%.

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

1. India (131.3 tons)
2. Netherlands (21.1 tons)
3. Finland (15.1 tons)
4. Austria (8.6 tons)
5. Germany (8.1 tons)
6. France (4.4 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Italy

Exports of cumin seeds, neither crushed nor ground from Italy skyrocketed to 40 tons in 2022, picking up by 88% against 2021 figures. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cumin seeds, neither crushed nor ground surged to $207K in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Greece (10.4 tons)
2. Spain (7.2 tons)
3. United Kingdom (3.7 tons)
4. United States (3.0 tons)
5. Malta (2.9 tons)
6. Portugal (2.2 tons)
7. Germany (2.1 tons)
8. France (1.5 tons)
9. Austria (1.4 tons)
10. Latvia (0.9 tons)
11. Czech Republic (0.8 tons)
12. Hungary (0.8 tons)
13. Sweden (0.7 tons)

Source: IndexBox Market Intelligence Platform