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

Contents:

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

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

In November 2023, the average import price for cumin seeds, neither crushed nor ground amounted to $6,855 per ton, growing by 16% against the previous month. Over the period under review, import price indicated a strong increase from November 2022 to November 2023: its price increased at an average monthly rate of +6.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for cumin seeds, neither crushed nor ground increased by +117.8% against November 2022 indices. The pace of growth appeared the most rapid in September 2023 an increase of 27% against the previous month. The import price peaked in November 2023.

Prices varied noticeably by the country of origin: the country with the highest price was India ($7,232 per ton), while the price for Morocco ($1,996 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cumin seeds, neither crushed nor ground stood at $5,224 per ton in 2022, rising by 7.8% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs at $6,031 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 ($15,558 per ton), while the average price for exports to Portugal ($2,512 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 (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in the UK

In 2022, purchases abroad of cumin seeds, neither crushed nor ground decreased by -18.8% to 3K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 42%. As a result, imports reached the peak of 4.4K 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 reduced to $10M in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 25%. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. India (2.8K tons)
2. Turkey (0.1K tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in the UK

In 2022, overseas shipments of cumin seeds, neither crushed nor ground decreased by -55.8% to 128 tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 20%. As a result, the exports attained the peak of 426 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cumin seeds, neither crushed nor ground shrank rapidly to $669K in 2022. In general, exports saw a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 24% against the previous year. As a result, the exports reached the peak of $2.6M. 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 the UK in 2022:

1. Netherlands (36.4 tons)
2. Ireland (22.8 tons)
3. France (19.4 tons)
4. Portugal (10.5 tons)
5. Italy (7.8 tons)
6. Denmark (4.6 tons)
7. Germany (4.3 tons)
8. Czech Republic (3.6 tons)
9. Switzerland (3.6 tons)
10. Spain (3.2 tons)
11. Finland (2.8 tons)
12. United States (2.1 tons)
13. Turkey (2.0 tons)

Source: IndexBox Market Intelligence Platform