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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $3,158 per ton in 2022, with an increase of 17% against the previous year. Over the last eight years, it increased at an average annual rate of +5.1%. The growth pace was the most rapid in 2015 when the average import price increased by 20%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($3,158 per ton) and Syrian Arab Republic ($3,158 per ton), while the price for Afghanistan ($3,158 per ton) and Turkey ($3,158 per ton) were amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cumin seeds, neither crushed nor ground stood at $2,789 per ton in 2022, picking up by 37% against the previous year. Over the period under review, export price indicated a modest increase from 2014 to 2022: its price increased at an average annual rate of +1.3% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cumin seeds, neither crushed nor ground increased by +42.6% against 2020 indices. Over the period under review, the average export prices hit record highs at $3,546 per ton in 2018; however, from 2019 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 highest price was recorded for prices to Saudi Arabia ($2,789 per ton) and Morocco ($2,789 per ton), while the average price for exports to Turkey ($2,789 per ton) and Libya ($2,789 per ton) were amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Egypt

In 2022, overseas purchases of cumin seeds, neither crushed nor ground decreased by -70.2% to 2.5K tons, falling for the second consecutive year after two years of growth. In general, imports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 2.9%. As a result, imports attained the peak of 9.1K 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 dropped remarkably to $7.9M in 2022. Overall, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 when imports increased by 7.2%. As a result, imports attained the peak of $24M. 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 Egypt in 2022:

1. India (1376.9 tons)
2. Syrian Arab Republic (603.8 tons)
3. Turkey (371.6 tons)
4. Afghanistan (154.8 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Egypt

In 2022, approx. 1.6K tons of cumin seeds, neither crushed nor ground were exported from Egypt; growing by 15% against the previous year. In general, total exports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -32.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 67%. As a result, the exports reached the peak of 2.3K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cumin seeds, neither crushed nor ground skyrocketed to $4.4M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.4% against 2020 indices.

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

1. Morocco (1397.6 tons)
2. Turkey (79.7 tons)
3. Saudi Arabia (26.3 tons)
4. Libya (9.9 tons)

Source: IndexBox Market Intelligence Platform