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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $5,957 per ton in October 2023, dropping by -26.8% against the previous month. Over the period under review, the import price, however, posted a moderate expansion. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 160% month-to-month. As a result, import price attained the peak level of $10,301 per ton. From December 2022 to October 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was India ($7,398 per ton), while the price for the Netherlands amounted to $5,328 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $3,618 per ton, rising by 8.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 21% against the previous year. The export price peaked at $4,070 per ton in 2013; however, from 2014 to 2022, the export prices stood 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 Portugal ($5,518 per ton), while the average price for exports to Italy ($666 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 Italy (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Spain

After three years of growth, purchases abroad of cumin seeds, neither crushed nor ground decreased by -35.6% to 1.9K tons in 2022. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. As a result, imports attained the peak of 2.9K tons, and then declined rapidly in the following year.

In value terms, imports of cumin seeds, neither crushed nor ground contracted to $6.2M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of $7.3M, and then dropped in the following year.

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

1. India (1442.2 tons)
2. Syrian Arab Republic (189.3 tons)
3. Turkey (166.8 tons)
4. Netherlands (45.6 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Spain

In 2022, the amount of cumin seeds, neither crushed nor ground exported from Spain reduced markedly to 447 tons, with a decrease of -38.6% on the year before. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 15% against the previous year. As a result, the exports attained the peak of 729 tons, and then fell sharply in the following year.

In value terms, exports of cumin seeds, neither crushed nor ground shrank markedly to $1.6M in 2022. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 3.6% against the previous year.

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

1. Cuba (244.8 tons)
2. France (77.9 tons)
3. Belgium (23.1 tons)
4. Netherlands (19.4 tons)
5. Italy (12.8 tons)
6. Portugal (12.8 tons)
7. United Kingdom (12.2 tons)
8. Germany (11.7 tons)
9. Morocco (1.0 tons)

Source: IndexBox Market Intelligence Platform