Price for Cumin Seeds, Neither Crushed Nor Ground in Belarus - 2022

Contents:

1. Price for Cumin Seeds, Neither Crushed Nor Ground in Belarus (CIF) - 2022
2. Price for Cumin Seeds, Neither Crushed Nor Ground in Belarus (FOB) - 2022
3. Imports of Cumin Seeds, Neither Crushed Nor Ground in Belarus
4. Exports of Cumin Seeds, Neither Crushed Nor Ground in Belarus

Price for Cumin Seeds, Neither Crushed Nor Ground in Belarus (CIF) - 2022

In 2022, the average import price for cumin seeds, neither crushed nor ground amounted to $2,563 per ton, with a decrease of -10.1% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cumin seeds, neither crushed nor ground decreased by -32.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 83% against the previous year. The import price peaked at $4,811 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($8,318 per ton), while the price for Lithuania ($1,199 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+16.2%), while the prices for the other major suppliers experienced a decline.

Price for Cumin Seeds, Neither Crushed Nor Ground in Belarus (FOB) - 2022

The average export price for cumin seeds, neither crushed nor ground stood at $1,129 per ton in 2022, dropping by -7.9% against the previous year. Overall, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 an increase of 74% against the previous year. The export price peaked at $5,313 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for the Czech Republic amounted to +10.0% per year.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Belarus

For the fourth year in a row, Belarus recorded growth in supplies from abroad of cumin seeds, neither crushed nor ground, which increased by 5.2% to 14 tons in 2022. The total import volume increased at an average annual rate of +14.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 38%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of cumin seeds, neither crushed nor ground fell to $35K in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of $41K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Cumin Seeds, Neither Crushed Nor Ground to Belarus in 2022:

1. Russia (6.5 tons)
2. Lithuania (5.4 tons)
3. India (1.2 tons)
4. Poland (0.5 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Belarus

In 2022, shipments abroad of cumin seeds, neither crushed nor ground was finally on the rise to reach 2.3 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a precipitous contraction.

In value terms, exports of cumin seeds, neither crushed nor ground surged to $2.6K in 2022. Over the period under review, exports, however, saw a precipitous descent.

Top Export Markets for Cumin Seeds, Neither Crushed Nor Ground from Belarus in 2022:

1. Russia (2.3 tons)

Source: IndexBox Market Intelligence Platform