Price for Cumin Seeds, Crushed or Ground in Belgium - 2023

Contents:

1. Price for Cumin Seeds, Crushed or Ground in Belgium (CIF) - 2022
2. Price for Cumin Seeds, Crushed or Ground in Belgium (FOB) - 2023
3. Imports of Cumin Seeds, Crushed or Ground in Belgium
4. Exports of Cumin Seeds, Crushed or Ground in Belgium

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

In 2022, the average import price for cumin seeds, crushed or ground amounted to $4,750 per ton, with an increase of 13% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,795 per ton), while the price for Syrian Arab Republic ($3,370 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cumin Seeds, Crushed or Ground in Belgium (FOB) - 2023

In June 2023, the average export price for cumin seeds, crushed or ground amounted to $6,617 per ton, waning by -5.4% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in September 2022 an increase of 27% against the previous month. The export price peaked at $6,998 per ton in May 2023, and then reduced in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($8,289 per ton), while the average price for exports to Spain ($5,443 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in Belgium

In 2022, after three years of growth, there was significant decline in overseas purchases of cumin seeds, crushed or ground, when their volume decreased by -11.9% to 476 tons. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 64% against the previous year. As a result, imports reached the peak of 540 tons, and then reduced in the following year.

In value terms, cumin seeds, crushed or ground imports contracted to $2.3M in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. As a result, imports reached the peak of $2.3M, leveling off in the following year.

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

1. Netherlands (180.2 tons)
2. Turkey (162.2 tons)
3. India (56.4 tons)
4. Germany (52.1 tons)
5. Spain (19.6 tons)
6. Syrian Arab Republic (0.9 tons)

Exports of Cumin Seeds, Crushed or Ground in Belgium

In 2022, shipments abroad of cumin seeds, crushed or ground decreased by -45.6% to 208 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year.

In value terms, cumin seeds, crushed or ground exports declined rapidly to $1.3M in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year.

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

1. Netherlands (84.1 tons)
2. France (63.1 tons)
3. United Kingdom (40.0 tons)
4. Germany (7.9 tons)
5. Spain (7.8 tons)
6. Ireland (4.1 tons)

Source: IndexBox Market Intelligence Platform