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

Contents:

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

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

The average export price for cumin seeds, crushed or ground stood at $8,049 per ton in June 2023, with an increase of 24% against the previous month. Overall, export price indicated a moderate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, cumin seeds, crushed or ground export price increased by +50.8% against April 2023 indices. The most prominent rate of growth was recorded in August 2022 an increase of 27% month-to-month. Over the period under review, the average export prices attained the maximum in June 2023.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the UK ($16,879 per ton), while the average price for exports to the Czech Republic ($5,318 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 Portugal (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cumin seeds, crushed or ground stood at $4,260 per ton in 2022, dropping by -7.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 100% against the previous year. As a result, import price attained the peak level of $4,946 per ton. From 2018 to 2022, the average import prices remained at a somewhat 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 Germany ($6,830 per ton), while the price for Egypt ($2,630 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cumin Seeds, Crushed or Ground in Poland

For the fourth consecutive year, Poland recorded growth in shipments abroad of cumin seeds, crushed or ground, which increased by 24% to 41 tons in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 32%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, cumin seeds, crushed or ground exports surged to $255K in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Portugal (9.3 tons)
2. Germany (8.4 tons)
3. Denmark (6.8 tons)
4. Czech Republic (4.2 tons)
5. Italy (2.3 tons)
6. United Kingdom (1.8 tons)
7. Slovakia (1.4 tons)
8. Romania (1.2 tons)
9. France (1.2 tons)
10. Mongolia (1.0 tons)
11. Russia (1.0 tons)
12. Sweden (0.5 tons)
13. Hungary (0.1 tons)

Imports of Cumin Seeds, Crushed or Ground in Poland

In 2022, the amount of cumin seeds, crushed or ground imported into Poland soared to 69 tons, increasing by 299% compared with the previous year's figure. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 486%. As a result, imports reached the peak of 95 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cumin seeds, crushed or ground imports surged to $293K in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 553% against the previous year. As a result, imports reached the peak of $411K. From 2021 to 2022, the growth of imports remained at a lower figure.

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

1. India (20.7 tons)
2. Spain (11.1 tons)
3. Austria (10.0 tons)
4. Egypt (8.0 tons)
5. Indonesia (8.0 tons)
6. Germany (4.5 tons)
7. Belgium (3.0 tons)
8. Netherlands (1.0 tons)
9. United Kingdom (0.8 tons)
10. Turkey (0.7 tons)

Source: IndexBox Market Intelligence Platform