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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $2,591 per ton in November 2023, shrinking by -3.3% against the previous month. Overall, the import price showed a slight reduction. The pace of growth was the most pronounced in April 2023 an increase of 13% m-o-m. As a result, import price attained the peak level of $3,378 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the countries with the highest prices were India ($2,590 per ton) and China ($2,574 per ton), while the price for Syrian Arab Republic ($2,538 per ton) and Turkey ($2,538 per ton) were amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cumin Seeds, Neither Crushed Nor Ground in the United States (FOB) - 2023

In November 2023, the average export price for cumin seeds, neither crushed nor ground amounted to $2,371 per ton, shrinking by -23.8% against the previous month. In general, the export price recorded a perceptible downturn. The pace of growth appeared the most rapid in February 2023 an increase of 137% month-to-month. The export price peaked at $7,571 per ton in September 2023; however, from October 2023 to November 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Grenada ($6,120 per ton), while the average price for exports to India ($2,175 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in the United States

In 2022, purchases abroad of cumin seeds, neither crushed nor ground decreased by -19% to 9.7K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of 13K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cumin seeds, neither crushed nor ground declined modestly to $28M in 2022. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2020 when imports increased by 5.6% against the previous year. As a result, imports reached the peak of $35M. 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 United States in 2022:

1. India (7.9K tons)
2. Turkey (1.7K tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in the United States

Exports of cumin seeds, neither crushed nor ground from the United States skyrocketed to 265 tons in 2022, rising by 90% against the previous year's figure. Overall, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cumin seeds, neither crushed nor ground soared to $845K in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cumin Seeds, Neither Crushed Nor Ground from the United States in 2022:

1. Canada (140.3 tons)
2. India (50.1 tons)
3. Turkey (29.0 tons)
4. Guatemala (19.0 tons)
5. Mexico (18.6 tons)
6. Jamaica (4.8 tons)

Source: IndexBox Market Intelligence Platform