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

Contents:

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

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

In 2022, the average import price for cumin seeds, crushed or ground amounted to $3,160 per ton, growing by 37% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average import price increased by 46% against the previous year. Over the period under review, average import prices attained the maximum at $4,105 per ton in 2016; however, from 2017 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 Syrian Arab Republic ($4,518 per ton), while the price for Poland ($2,032 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cumin seeds, crushed or ground stood at $3,775 per ton in 2022, rising by 9.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $3,927 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($4,118 per ton), while the average price for exports to the Czech Republic ($3,724 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 Romania (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in Slovakia

In 2022, overseas purchases of cumin seeds, crushed or ground decreased by -59.2% to 47 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2021 when imports increased by 120%. As a result, imports reached the peak of 115 tons, and then fell markedly in the following year.

In value terms, cumin seeds, crushed or ground imports declined sharply to $148K in 2022. Over the period under review, imports, however, showed measured growth. The pace of growth was the most pronounced in 2021 with an increase of 81%. As a result, imports reached the peak of $265K, and then declined notably in the following year.

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

1. Czech Republic (15.0 tons)
2. Poland (9.6 tons)
3. Netherlands (8.2 tons)
4. Syrian Arab Republic (3.0 tons)
5. Lithuania (2.7 tons)
6. Spain (2.0 tons)

Exports of Cumin Seeds, Crushed or Ground in Slovakia

In 2022, shipments abroad of cumin seeds, crushed or ground decreased by -30.8% to 48 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 4.9% against the previous year. As a result, the exports attained the peak of 69 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, cumin seeds, crushed or ground exports contracted markedly to $180K in 2022. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 3.6% against the previous year.

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

1. Czech Republic (41.8 tons)
2. Romania (3.0 tons)
3. Hungary (2.8 tons)

Source: IndexBox Market Intelligence Platform