Price for Cumin Seeds, Crushed or Ground in Indonesia - 2022
Contents:
- Price for Cumin Seeds, Crushed or Ground in Indonesia (CIF) - 2022
- Price for Cumin Seeds, Crushed or Ground in Indonesia (FOB) - 2022
- Imports of Cumin Seeds, Crushed or Ground in Indonesia
- Exports of Cumin Seeds, Crushed or Ground in Indonesia
Price for Cumin Seeds, Crushed or Ground in Indonesia (CIF) - 2022
In 2022, the average import price for cumin seeds, crushed or ground amounted to $2,472 per ton, picking up by 13% against the previous year. Over the period under review, the import price saw slight growth. The growth pace was the most rapid in 2013 when the average import price increased by 145%. Over the period under review, average import prices hit record highs at $6,505 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($6,225 per ton), while the price for Vietnam ($2,275 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cumin Seeds, Crushed or Ground in Indonesia (FOB) - 2022
The average export price for cumin seeds, crushed or ground stood at $2,217 per ton in 2022, with an increase of 45% against the previous year. Overall, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 72%. Over the period under review, the average export prices attained the peak figure at $6,454 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($2,355 per ton), while the average price for exports to Singapore ($922 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 the United Arab Emirates (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cumin Seeds, Crushed or Ground in Indonesia
Cumin seeds, crushed or ground imports into Indonesia reduced dramatically to 22 tons in 2022, which is down by -86.6% compared with 2021 figures. Overall, imports recorded a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 94% against the previous year. As a result, imports attained the peak of 162 tons, and then dropped sharply in the following year.
In value terms, cumin seeds, crushed or ground imports dropped markedly to $54K in 2022. In general, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. As a result, imports reached the peak of $355K, and then shrank notably in the following year.
| Import of Cumin Seeds, Crushed or Ground in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 46.2 | 76.5 | 249 | 35.1 | -8.8% |
| Vietnam | 150 | 100 | 78.9 | 12.6 | -56.2% |
| Netherlands | 51.7 | 34.3 | 22.2 | 4.1 | -57.0% |
| Australia | 22.6 | 17.8 | 4.7 | 1.7 | -57.8% |
| Others | 4.2 | 3.7 | N/A | 0.1 | -71.2% |
| Total | 275 | 232 | 355 | 53.6 | -42.0% |
Top Suppliers of Cumin Seeds, Crushed or Ground to Indonesia in 2022:
- India (15.3 tons)
- Vietnam (5.6 tons)
- Netherlands (0.7 tons)
- Australia (0.2 tons)
Exports of Cumin Seeds, Crushed or Ground in Indonesia
Cumin seeds, crushed or ground exports from Indonesia soared to 5 tons in 2022, with an increase of 22% on 2021. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 192%. As a result, the exports attained the peak of 5.8 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cumin seeds, crushed or ground exports surged to $11K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.5% against 2020 indices.
| Export of Cumin Seeds, Crushed or Ground in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 0.3 | 1.8 | 5.2 | 10.4 | 226.1% |
| Singapore | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
| Timor-Leste | N/A | 0.4 | 0.1 | 0.3 | -13.4% |
| Thailand | 1.3 | 9.4 | N/A | N/A | 623.1% |
| Netherlands | 5.5 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 0.3 | 0.8 | N/A | -5.7% |
| Total | 8.3 | 12.1 | 6.3 | 11.0 | 9.8% |
Top Export Markets for Cumin Seeds, Crushed or Ground from Indonesia in 2022:
- Hong Kong SAR (4.4 tons)
- Singapore (0.4 tons)
- Timor-Leste (0.2 tons)
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