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

Contents:

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

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

In 2022, the average import price for cumin seeds, neither crushed nor ground amounted to $3,375 per ton, rising by 13% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 increased by +25.3% against 2020 indices. The growth pace was the most rapid in 2015 when the average import price increased by 83% against the previous year. As a result, import price attained the peak level of $4,069 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($12,252 per ton), while the price for India ($3,244 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $2,132 per ton, with a decrease of -19.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 102%. Over the period under review, the average export prices attained the maximum at $3,452 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($2,527 per ton), while the average price for exports to Costa Rica ($2,075 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 El Salvador (+12.6%), while the prices for the other major destinations experienced a decline.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Guatemala

After three years of growth, purchases abroad of cumin seeds, neither crushed nor ground decreased by -17.4% to 129 tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 64%. As a result, imports reached the peak of 156 tons, and then dropped dramatically in the following year.

In value terms, imports of cumin seeds, neither crushed nor ground reduced to $434K in 2022. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 82%. As a result, imports attained the peak of $466K, and then fell in the following year.

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

1. India (113.1 tons)
2. Turkey (15.3 tons)
3. Germany (0.3 tons)
4. Honduras (0.1 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Guatemala

In 2022, approx. 15 tons of cumin seeds, neither crushed nor ground were exported from Guatemala; increasing by 264% against 2021. In general, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 104,750%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of cumin seeds, neither crushed nor ground surged to $33K in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 92,542% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Costa Rica (13.2 tons)
2. El Salvador (1.8 tons)
3. Honduras (0.2 tons)

Source: IndexBox Market Intelligence Platform