Price for Cumin Seeds, Neither Crushed Nor Ground in China - 2023

Contents:

1. Price for Cumin Seeds, Neither Crushed Nor Ground in China (CIF) - 2023
2. Price for Cumin Seeds, Neither Crushed Nor Ground in China (FOB) - 2022
3. Imports of Cumin Seeds, Neither Crushed Nor Ground in China
4. Exports of Cumin Seeds, Neither Crushed Nor Ground in China

Price for Cumin Seeds, Neither Crushed Nor Ground in China (CIF) - 2023

The average import price for cumin seeds, neither crushed nor ground stood at $5,547 per ton in December 2023, stabilizing at the previous month. Over the period under review, the import price enjoyed prominent growth. The pace of growth was the most pronounced in June 2023 when the average import price increased by 20% month-to-month. Over the period under review, average import prices attained the peak figure at $5,567 per ton in August 2023; however, from September 2023 to December 2023, 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 December 2022 to December 2023, the rate of growth in terms of prices for India amounted to +5.4% per month.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $2,110 per ton, shrinking by -45.5% against the previous year. Overall, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 51%. Over the period under review, the average export prices attained the maximum at $4,253 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($8,466 per ton), while the average price for exports to the United Arab Emirates ($1,640 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 (+48.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in China

In 2022, overseas purchases of cumin seeds, neither crushed nor ground decreased by -49.3% to 38K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 79% against the previous year. As a result, imports attained the peak of 82K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cumin seeds, neither crushed nor ground reduced sharply to $109M in 2022. In general, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50%. As a result, imports reached the peak of $151M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. India (37.6K tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in China

In 2022, the amount of cumin seeds, neither crushed nor ground exported from China soared to 184 tons, jumping by 532% on the previous year. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cumin seeds, neither crushed nor ground surged to $389K in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United Arab Emirates (156.0 tons)
2. Russia (10.3 tons)
3. Taiwan (Chinese) (7.9 tons)
4. Japan (3.3 tons)

Source: IndexBox Market Intelligence Platform