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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $1,334 per ton in June 2023, shrinking by -21.4% against the previous month. In general, the import price saw a perceptible slump. The pace of growth was the most pronounced in February 2023 when the average import price increased by 20% month-to-month. As a result, import price attained the peak level of $2,119 per ton. From March 2023 to June 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Iran ($1,697 per ton), while the price for Afghanistan totaled $1,329 per ton.

From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $3,043 per ton, with a decrease of -14.7% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.5% 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 decreased by -29.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the maximum at $4,324 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7,253 per ton), while the average price for exports to Bangladesh ($1,288 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 the United States (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Pakistan

In 2022, overseas purchases of cumin seeds, neither crushed nor ground decreased by -29% to 3.8K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 126% against the previous year. As a result, imports attained the peak of 5.6K 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 declined dramatically to $6.7M in 2022. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 121%.

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

1. Afghanistan (1341.3 tons)
2. Turkey (1297.6 tons)
3. China (1062.4 tons)
4. Iran (99.8 tons)
5. United Arab Emirates (33.6 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Pakistan

In 2022, the amount of cumin seeds, neither crushed nor ground exported from Pakistan reduced markedly to 26 tons, which is down by -69.5% against the previous year. Over the period under review, exports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 12%.

In value terms, exports of cumin seeds, neither crushed nor ground contracted markedly to $79K in 2022. In general, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 7.3%. As a result, the exports attained the peak of $328K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Saudi Arabia (11.6 tons)
2. Bangladesh (9.2 tons)
3. United States (1.6 tons)
4. Myanmar (1.0 tons)
5. Japan (0.8 tons)
6. South Korea (0.5 tons)

Source: IndexBox Market Intelligence Platform