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

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

In 2022, the average import price for cumin seeds, crushed or ground amounted to $5,604 per ton, reducing by -9.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 26% against the previous year. Over the period under review, average import prices hit record highs at $7,545 per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 Sweden ($15,421 per ton), while the price for India ($4,761 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for cumin seeds, crushed or ground stood at $4,810 per ton in 2022, falling by -54% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of 15%. Over the period under review, the average export prices reached the peak figure at $12,500 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($9,756 per ton), while the average price for exports to Sweden totaled $4,173 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (-1.8%).

Imports of Cumin Seeds, Crushed or Ground in Finland

Cumin seeds, crushed or ground imports into Finland reached 40 tons in 2022, picking up by 13% on the previous year's figure. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 58% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, cumin seeds, crushed or ground imports rose modestly to $222K in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. As a result, imports attained the peak of $248K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Cumin Seeds, Crushed or Ground in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	85.5	138	106	121	12.3%
Vietnam	N/A	0.2	8.8	50.3	1485.9%
Sweden	65.6	55.6	52.0	35.2	-18.7%
Turkey	N/A	2.1	37.1	4.8	51.2%
Germany	13.2	16.9	5.5	N/A	-35.5%
Syrian Arab Republic	5.6	9.0	N/A	N/A	60.7%
Others	11.2	26.2	7.7	10.3	-2.8%
Total	181	248	218	222	7.0%

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

Syrian Arab Republic (undefined tons)
India (25.5 tons)
Vietnam (10.5 tons)
Sweden (2.3 tons)
Turkey (0.9 tons)

Exports of Cumin Seeds, Crushed or Ground in Finland

Cumin seeds, crushed or ground exports from Finland soared to 3.4 tons in 2022, jumping by 687% against the previous year's figure. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cumin seeds, crushed or ground exports soared to $17K in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.