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

Contents:

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

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

The average export price for cumin seeds, neither crushed nor ground stood at $3,279 per ton in 2022, picking up by 23% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. 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 +107.4% against 2014 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($4,333 per ton), while the average price for exports to the United Arab Emirates ($2,163 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 Sri Lanka (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cumin seeds, neither crushed nor ground stood at $875 per ton in 2022, declining by -28.8% against the previous year. Overall, the import price showed a deep setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 19%. The import price peaked at $2,625 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the United Arab Emirates amounted to -5.3% per year.

Exports of Cumin Seeds, Neither Crushed Nor Ground in Ethiopia

Exports of cumin seeds, neither crushed nor ground from Ethiopia surged to 873 tons in 2022, rising by 17% on the previous year. Overall, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of 23%.

In value terms, exports of cumin seeds, neither crushed nor ground surged to $2.9M in 2022. In general, exports recorded prominent growth. The growth pace was the most rapid in 2021 when exports increased by 70% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Saudi Arabia (325.9 tons)
2. Indonesia (250.8 tons)
3. United Arab Emirates (110.5 tons)
4. Egypt (60.0 tons)
5. Russia (30.0 tons)
6. Algeria (28.0 tons)
7. Turkey (22.1 tons)
8. Sri Lanka (15.0 tons)

Imports of Cumin Seeds, Neither Crushed Nor Ground in Ethiopia

In 2022, overseas purchases of cumin seeds, neither crushed nor ground decreased by -39.2% to 349 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 334% against the previous year. As a result, imports attained the peak of 573 tons, and then dropped remarkably in the following year.

In value terms, imports of cumin seeds, neither crushed nor ground reduced remarkably to $305K in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 313%. As a result, imports reached the peak of $704K, and then dropped sharply in the following year.

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

1. India (348.5 tons)

Source: IndexBox Market Intelligence Platform