Price for Cumin Seeds, Crushed or Ground in Sri Lanka - 2021

Contents:

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

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

In 2022, the average import price for cumin seeds, crushed or ground amounted to $2,887 per ton, rising by 12% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cumin seeds, crushed or ground import price increased by +21.6% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 84% against the previous year. The import price peaked at $4,332 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +10.6% per year.

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

The average export price for cumin seeds, crushed or ground stood at $4,434 per ton in 2022, increasing by 45% against the previous year. Over the period under review, the export price saw noticeable growth. The growth pace was the most rapid in 2015 an increase of 98%. The export price peaked at $8,390 per ton in 2017; however, from 2018 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 Maldives ($9,500 per ton), while the average price for exports to Oman ($1,375 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 States (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in Sri Lanka

In 2022, overseas purchases of cumin seeds, crushed or ground decreased by -61.2% to 28 tons, falling for the second consecutive year after two years of growth. In general, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 17%. As a result, imports reached the peak of 349 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cumin seeds, crushed or ground imports contracted sharply to $80K in 2022. Over the period under review, imports showed a sharp reduction. The smallest decline of -13.2% was in 2020.

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

1. India (27.5 tons)

Exports of Cumin Seeds, Crushed or Ground in Sri Lanka

In 2022, exports of cumin seeds, crushed or ground from Sri Lanka declined markedly to 5.5 tons, falling by -81.3% compared with the previous year's figure. In general, exports saw a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year.

In value terms, cumin seeds, crushed or ground exports dropped rapidly to $24K in 2022. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year.

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

1. Japan (3075.0 kg)
2. United Kingdom (1074.0 kg)
3. Australia (266.0 kg)
4. Maldives (238.0 kg)
5. Canada (200.0 kg)
6. United States (179.0 kg)
7. Singapore (140.0 kg)
8. Oman (8.0 kg)

Source: IndexBox Market Intelligence Platform