Price for Cumin Seeds, Neither Crushed Nor Ground in Hong Kong SAR - 2023

Contents:

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

Price for Cumin Seeds, Neither Crushed Nor Ground in Hong Kong SAR (CIF) - 2022

The average import price for cumin seeds, neither crushed nor ground stood at $2,286 per ton in 2022, increasing by 8.9% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2017 an increase of 22% against the previous year. The import price peaked at $3,005 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2,267 per ton), while the price for China amounted to $2,201 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.2%).

Price for Cumin Seeds, Neither Crushed Nor Ground in Hong Kong SAR (FOB) - 2022

The average export price for cumin seeds, neither crushed nor ground stood at $2,485 per ton in 2022, increasing by 523% against the previous year. Overall, the export price, however, showed a pronounced contraction. Over the period under review, the average export prices reached the maximum at $4,912 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +6.5% per year.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Hong Kong SAR

In 2022, approx. 132 tons of cumin seeds, neither crushed nor ground were imported into Hong Kong SAR; which is down by -67.5% on the previous year's figure. Over the period under review, imports, however, enjoyed moderate growth. The pace of growth appeared the most rapid in 2021 when imports increased by 251%. As a result, imports attained the peak of 406 tons, and then dropped rapidly in the following year.

In value terms, imports of cumin seeds, neither crushed nor ground shrank remarkably to $301K in 2022. In general, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 266%. As a result, imports reached the peak of $852K, and then dropped markedly in the following year.

Top Suppliers of Cumin Seeds, Neither Crushed Nor Ground to Hong Kong SAR in 2022:

1. India (87.4 tons)
2. China (44.0 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Hong Kong SAR

In 2022, the amount of cumin seeds, neither crushed nor ground exported from Hong Kong SAR shrank dramatically to 975 kg, falling by -96.7% against 2021. Over the period under review, exports faced a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 10,392%. As a result, the exports reached the peak of 29 tons, and then reduced remarkably in the following year.

In value terms, exports of cumin seeds, neither crushed nor ground reduced dramatically to $2.4K in 2022. Overall, exports faced a sharp curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 1,448% against the previous year.

Top Export Markets for Cumin Seeds, Neither Crushed Nor Ground from Hong Kong SAR in 2022:

1. China (975.0 kg)

Source: IndexBox Market Intelligence Platform