Price for Cumin Seeds, Crushed or Ground in Kuwait - 2021

Contents:

1. Price for Cumin Seeds, Crushed or Ground in Kuwait (CIF) - 2022
2. Price for Cumin Seeds, Crushed or Ground in Kuwait (FOB) - 2022
3. Imports of Cumin Seeds, Crushed or Ground in Kuwait
4. Exports of Cumin Seeds, Crushed or Ground in Kuwait

Price for Cumin Seeds, Crushed or Ground in Kuwait (CIF) - 2022

In 2022, the average import price for cumin seeds, crushed or ground amounted to $2,298 per ton, growing by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 52%. The import price peaked at $2,665 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Pakistan ($5,460 per ton), while the price for Bangladesh ($1,919 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cumin Seeds, Crushed or Ground in Kuwait (FOB) - 2022

The average export price for cumin seeds, crushed or ground stood at $5,659 per ton in 2022, shrinking by -12% against the previous year. Over the period under review, the export price, however, saw a modest expansion. The pace of growth appeared the most rapid in 2021 an increase of 42%. As a result, the export price reached the peak level of $6,429 per ton, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +73.4% per year.

Imports of Cumin Seeds, Crushed or Ground in Kuwait

After two years of decline, purchases abroad of cumin seeds, crushed or ground increased by 23% to 110 tons in 2022. Overall, imports, however, showed a deep contraction.

In value terms, cumin seeds, crushed or ground imports surged to $252K in 2022. In general, imports, however, faced a abrupt decrease.

Top Suppliers of Cumin Seeds, Crushed or Ground to Kuwait in 2022:

1. India (63.5 tons)
2. Bangladesh (21.8 tons)
3. Syrian Arab Republic (12.8 tons)
4. United Arab Emirates (4.5 tons)
5. Pakistan (3.2 tons)
6. Jordan (1.9 tons)

Exports of Cumin Seeds, Crushed or Ground in Kuwait

In 2022, after three years of growth, there was significant decline in overseas shipments of cumin seeds, crushed or ground, when their volume decreased by -15.9% to 2.2 tons. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 3,543%.

In value terms, cumin seeds, crushed or ground exports declined significantly to $12K in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 4,749%.

Top Export Markets for Cumin Seeds, Crushed or Ground from Kuwait in 2022:

1. Qatar (2.2 tons)

Source: IndexBox Market Intelligence Platform