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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $3,205 per ton in 2022, with an increase of 32% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.8% per year.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $2,891 per ton, growing by 32% against the previous year. Overall, the export price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34% against the previous year. The export price peaked at $3,404 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($2,893 per ton), while the average price for exports to the Netherlands ($2,891 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 South Africa (+34.1%), while the prices for the other major destinations experienced a decline.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Vietnam

For the fourth year in a row, Vietnam recorded growth in overseas purchases of cumin seeds, neither crushed nor ground, which increased by 25% to 1.8K tons in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of cumin seeds, neither crushed nor ground skyrocketed to $5.6M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. India (1748.8 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Vietnam

In 2022, the amount of cumin seeds, neither crushed nor ground exported from Vietnam soared to 17 tons, increasing by 129% on 2021. Overall, exports showed temperate 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 skyrocketed to $51K in 2022. Over the period under review, exports continue to indicate significant growth. 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 Vietnam in 2022:

1. Saudi Arabia (8.5 tons)
2. Netherlands (8.5 tons)
3. Japan (0.5 tons)

Source: IndexBox Market Intelligence Platform