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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $1,900 per ton in 2022, picking up by 7.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 53% against the previous year. As a result, import price attained the peak level of $2,681 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($2,435 per ton) and Iran ($2,322 per ton), while the price for the United Arab Emirates ($1,713 per ton) and Turkey ($1,726 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $2,062 per ton, picking up by 5.2% against the previous year. Overall, the export price, however, recorded a dramatic decrease. The growth pace was the most rapid in 2018 when the average export price increased by 11%. The export price peaked at $26,085 per ton in 2012; however, from 2013 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 Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -22.4% per year.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Iraq

In 2022, the amount of cumin seeds, neither crushed nor ground imported into Iraq contracted sharply to 1.2K tons, with a decrease of -17.6% against the previous year. In general, total imports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.4% 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 +27.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of 1.4K tons, and then reduced dramatically in the following year.

In value terms, imports of cumin seeds, neither crushed nor ground contracted to $2.2M in 2022. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 29%.

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

1. United Arab Emirates (804.5 tons)
2. Iran (203.4 tons)
3. India (125.5 tons)
4. Turkey (22.4 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Iraq

In 2022, after three years of growth, there was significant decline in overseas shipments of cumin seeds, neither crushed nor ground, when their volume decreased by -21.3% to 389 kg. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 161%.

In value terms, exports of cumin seeds, neither crushed nor ground shrank sharply to $802 in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 108%.

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

1. Canada (389.0 kg)

Source: IndexBox Market Intelligence Platform