Price for Cumin Seeds, Crushed or Ground in South Africa - 2023

Contents:

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

Price for Cumin Seeds, Crushed or Ground in South Africa (CIF) - 2023

The average import price for cumin seeds, crushed or ground stood at $4,358 per ton in July 2023, which is down by -2% against the previous month. Over the period under review, import price indicated pronounced growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, cumin seeds, crushed or ground import price increased by +66.0% against April 2023 indices. The pace of growth was the most pronounced in May 2023 an increase of 35% against the previous month. The import price peaked at $4,446 per ton in June 2023, and then dropped modestly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Bangladesh ($11,980 per ton), while the price for India stood at $4,103 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cumin seeds, crushed or ground stood at $3,342 per ton in 2022, declining by -19.5% against the previous year. Overall, the export price saw a deep setback. The growth pace was the most rapid in 2020 an increase of 25%. Over the period under review, the average export prices reached the maximum at $6,997 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Singapore ($9,255 per ton), while the average price for exports to Lesotho ($861 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 (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in South Africa

In 2022, approx. 823 tons of cumin seeds, crushed or ground were imported into South Africa; surging by 12% compared with the year before. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 46%. As a result, imports reached the peak of 987 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cumin seeds, crushed or ground imports soared to $2.5M in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. As a result, imports attained the peak of $2.7M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. India (699.0 tons)
2. Vietnam (119.4 tons)

Exports of Cumin Seeds, Crushed or Ground in South Africa

In 2022, cumin seeds, crushed or ground exports from South Africa dropped notably to 8.1 tons, declining by -46.1% on 2021 figures. Over the period under review, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, the exports reached the peak of 15 tons, and then shrank remarkably in the following year.

In value terms, cumin seeds, crushed or ground exports fell rapidly to $27K in 2022. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 33%. As a result, the exports attained the peak of $62K, and then contracted remarkably in the following year.

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

1. Namibia (2.0 tons)
2. Zimbabwe (1.9 tons)
3. United Arab Emirates (1.3 tons)
4. Botswana (1.0 tons)
5. Zambia (0.5 tons)
6. Singapore (0.3 tons)
7. Swaziland (0.2 tons)

Source: IndexBox Market Intelligence Platform