Price for Cumin Seeds, Neither Crushed Nor Ground in Uganda - 2022

Contents:

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

Price for Cumin Seeds, Neither Crushed Nor Ground in Uganda (CIF) - 2022

The average import price for cumin seeds, neither crushed nor ground stood at $2,198 per ton in 2022, reducing by -7.9% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cumin seeds, neither crushed nor ground increased by +19.0% against 2018 indices. The growth pace was the most rapid in 2014 an increase of 56% against the previous year. Over the period under review, average import prices reached the peak figure at $2,386 per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($3,324 per ton), while the price for Tanzania ($671 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cumin seeds, neither crushed nor ground stood at $2,409 per ton in 2022, falling by -58% against the previous year. In general, the export price, however, recorded a notable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 174% against the previous year. As a result, the export price attained the peak level of $5,736 per ton, and then fell significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($3,984 per ton), while the average price for exports to Rwanda amounted to $962 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (-6.3%).

Imports of Cumin Seeds, Neither Crushed Nor Ground in Uganda

In 2022, after three years of growth, there was decline in supplies from abroad of cumin seeds, neither crushed nor ground, when their volume decreased by -2.8% to 43 tons. The total import volume increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year.

In value terms, imports of cumin seeds, neither crushed nor ground reduced to $96K in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. As a result, imports reached the peak of $107K, and then declined in the following year.

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

1. United Arab Emirates (21.2 tons)
2. India (13.4 tons)
3. Tanzania (7.9 tons)
4. Malaysia (0.7 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Uganda

In 2022, shipments abroad of cumin seeds, neither crushed nor ground was finally on the rise to reach 1.7 tons after two years of decline. Over the period under review, exports, however, continue to indicate a sharp shrinkage.

In value terms, exports of cumin seeds, neither crushed nor ground skyrocketed to $4K in 2022. In general, exports, however, faced a dramatic shrinkage.

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

1. Rwanda (864.0 kg)
2. Netherlands (794.0 kg)

Source: IndexBox Market Intelligence Platform