Price for Cumin Seeds, Crushed or Ground in Hong Kong SAR - 2023

Contents:

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

Price for Cumin Seeds, Crushed or Ground in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for cumin seeds, crushed or ground amounted to $8,465 per ton, declining by -24.1% against the previous year. In general, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by 8.2%. Over the period under review, average import prices reached the peak figure at $15,180 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($14,944 per ton), while the price for Taiwan (Chinese) ($2,533 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cumin Seeds, Crushed or Ground in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for cumin seeds, crushed or ground amounted to $3,785 per ton, waning by -34.3% against the previous year. In general, the export price, however, enjoyed measured growth. The growth pace was the most rapid in 2021 an increase of 160% against the previous year. As a result, the export price reached the peak level of $5,758 per ton, and then contracted notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.0% per year.

Imports of Cumin Seeds, Crushed or Ground in Hong Kong SAR

In 2022, imports of cumin seeds, crushed or ground into Hong Kong SAR skyrocketed to 15 tons, picking up by 70% compared with the previous year. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cumin seeds, crushed or ground imports surged to $128K in 2022. In general, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.8% 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 +79.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Cumin Seeds, Crushed or Ground to Hong Kong SAR in 2022:

1. Taiwan (Chinese) (7.6 tons)
2. United States (6.8 tons)
3. China (0.5 tons)
4. France (0.1 tons)

Exports of Cumin Seeds, Crushed or Ground in Hong Kong SAR

In 2022, approx. 1.6 tons of cumin seeds, crushed or ground were exported from Hong Kong SAR; surging by 73% against the previous year's figure. In general, exports enjoyed 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 rose notably to $6.1K in 2022. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 316%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Cumin Seeds, Crushed or Ground from Hong Kong SAR in 2022:

1. Taiwan (Chinese) (1.6 tons)

Source: IndexBox Market Intelligence Platform