Price for Cumin Seeds, Neither Crushed Nor Ground in the Philippines - 2023
Contents:
- Price for Cumin Seeds, Neither Crushed Nor Ground in the Philippines (CIF) - 2022
- Imports of Cumin Seeds, Neither Crushed Nor Ground in the Philippines
Price for Cumin Seeds, Neither Crushed Nor Ground in the Philippines (CIF) - 2022
The average import price for cumin seeds, neither crushed nor ground stood at $3,158 per ton in 2022, increasing by 17% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2021 when the average import price increased by 20%. Over the period under review, average import prices attained the peak figure at $3,352 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($3,158 per ton), while the price for Singapore totaled $3,158 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.8%).
Imports of Cumin Seeds, Neither Crushed Nor Ground in the Philippines
In 2022, approx. 69 tons of cumin seeds, neither crushed nor ground were imported into the Philippines; growing by 8.4% compared with 2021 figures. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. As a result, imports reached the peak of 71 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of cumin seeds, neither crushed nor ground soared to $217K in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cumin Seeds, Neither Crushed Nor Ground in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 132 | 128 | 161 | 193 | 13.5% |
| Singapore | 32.4 | 32.8 | 10.9 | 24.1 | -9.4% |
| Others | 30.3 | N/A | N/A | N/A | 0% |
| Total | 195 | 161 | 172 | 217 | 3.6% |
Top Suppliers of Cumin Seeds, Neither Crushed Nor Ground to the Philippines in 2022:
- India (61.2 tons)
- Singapore (7.6 tons)
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