Price for Cumin Seeds, Crushed or Ground in Iran - 2022

Contents:

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

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

The average export price for cumin seeds, crushed or ground stood at $4,835 per ton in 2022, increasing by 153% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $6,229 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($25,267 per ton), while the average price for exports to France ($800 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 Turkey (+56.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cumin seeds, crushed or ground stood at $2,056 per ton in 2022, increasing by 4.6% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2015 when the average import price increased by 42%. Over the period under review, average import prices reached the maximum at $7,932 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +1.3% per year.

Exports of Cumin Seeds, Crushed or Ground in Iran

In 2022, cumin seeds, crushed or ground exports from Iran surged to 126 tons, picking up by 22% against the year before. Overall, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,305%. As a result, the exports reached the peak of 406 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cumin seeds, crushed or ground exports surged to $611K in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 469%. As a result, the exports attained the peak of $1M. From 2021 to 2022, the growth of the exports failed to regain momentum.

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

1. Bahrain (30.7 tons)
2. Canada (25.1 tons)
3. Czech Republic (23.0 tons)
4. Kuwait (20.7 tons)
5. Germany (9.3 tons)
6. Australia (6.0 tons)
7. Ireland (3.4 tons)
8. Azerbaijan (3.2 tons)

Imports of Cumin Seeds, Crushed or Ground in Iran

In 2022, supplies from abroad of cumin seeds, crushed or ground decreased by -46.4% to 45 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,308% against the previous year. As a result, imports attained the peak of 84 tons, and then declined dramatically in the following year.

In value terms, cumin seeds, crushed or ground imports dropped markedly to $93K in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 726%. As a result, imports reached the peak of $166K, and then shrank dramatically in the following year.

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

1. United Arab Emirates (45.2 tons)

Source: IndexBox Market Intelligence Platform