Price for Cumin Seeds, Neither Crushed Nor Ground in Kuwait - 2022

Contents:

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

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

In 2022, the average import price for cumin seeds, neither crushed nor ground amounted to $3,205 per ton, growing by 67% against the previous year. Overall, the import price showed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cumin seeds, neither crushed nor ground stood at $3,708 per ton in 2022, waning by -30.2% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 42% against the previous year. As a result, the export price attained the peak level of $12,413 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($8,571 per ton), while the average price for exports to the United Arab Emirates ($2,891 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Kuwait

Imports of cumin seeds, neither crushed nor ground into Kuwait reduced notably to 569 tons in 2022, falling by -19.9% compared with the year before. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 1.2%.

In value terms, imports of cumin seeds, neither crushed nor ground surged to $1.8M in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. India (374.8 tons)
2. United Arab Emirates (123.7 tons)
3. Syrian Arab Republic (52.3 tons)
4. Afghanistan (11.0 tons)
5. Turkey (4.3 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Kuwait

For the fourth year in a row, Kuwait recorded growth in shipments abroad of cumin seeds, neither crushed nor ground, which increased by 142% to 46 tons in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 851%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of cumin seeds, neither crushed nor ground skyrocketed to $170K in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 538% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Saudi Arabia (27.7 tons)
2. Qatar (6.6 tons)
3. United Arab Emirates (5.8 tons)
4. Oman (5.8 tons)

Source: IndexBox Market Intelligence Platform