Price for Cumin Seeds, Neither Crushed Nor Ground in Latvia - 2023
Contents:
- Price for Cumin Seeds, Neither Crushed Nor Ground in Latvia (CIF) - 2022
- Price for Cumin Seeds, Neither Crushed Nor Ground in Latvia (FOB) - 2022
- Imports of Cumin Seeds, Neither Crushed Nor Ground in Latvia
- Exports of Cumin Seeds, Neither Crushed Nor Ground in Latvia
Price for Cumin Seeds, Neither Crushed Nor Ground in Latvia (CIF) - 2022
The average import price for cumin seeds, neither crushed nor ground stood at $4,072 per ton in 2022, rising by 61% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($5,183 per ton), while the price for India ($3,060 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cumin Seeds, Neither Crushed Nor Ground in Latvia (FOB) - 2022
The average export price for cumin seeds, neither crushed nor ground stood at $2,309 per ton in 2022, which is down by -12.3% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 decreased by -23.2% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 67% against the previous year. As a result, the export price attained the peak level of $3,284 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($4,256 per ton), while the average price for exports to Pakistan ($1,618 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 Russia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cumin Seeds, Neither Crushed Nor Ground in Latvia
In 2022, approx. 68 tons of cumin seeds, neither crushed nor ground were imported into Latvia; picking up by 33% compared with 2021. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of cumin seeds, neither crushed nor ground soared to $275K in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cumin Seeds, Neither Crushed Nor Ground in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 21.8 | 27.7 | 19.9 | 144 | 87.6% |
| India | 53.7 | 44.4 | 67.0 | 82.6 | 15.4% |
| Poland | 3.3 | 16.2 | 38.7 | 40.5 | 130.7% |
| Italy | N/A | N/A | N/A | 5.0 | 0% |
| Others | 4.0 | 2.5 | 2.8 | 2.9 | -10.2% |
| Total | 82.7 | 90.8 | 128 | 275 | 49.3% |
Top Suppliers of Cumin Seeds, Neither Crushed Nor Ground to Latvia in 2022:
- Lithuania (27.8 tons)
- India (27.0 tons)
- Poland (10.6 tons)
- Italy (1.5 tons)
Exports of Cumin Seeds, Neither Crushed Nor Ground in Latvia
In 2022, the amount of cumin seeds, neither crushed nor ground exported from Latvia soared to 113 tons, rising by 133% compared with the previous year's figure. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cumin seeds, neither crushed nor ground surged to $260K in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cumin Seeds, Neither Crushed Nor Ground in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | N/A | N/A | N/A | 123 | 0% |
| Poland | 29.2 | 45.6 | 34.0 | 70.2 | 34.0% |
| Romania | 21.0 | 14.1 | 35.7 | 27.8 | 9.8% |
| Hungary | 0.5 | 0.8 | 18.8 | 11.0 | 180.2% |
| Czech Republic | 12.2 | 6.7 | 7.1 | 8.6 | -11.0% |
| Belarus | N/A | 0.1 | 0.1 | 7.3 | 754.4% |
| Russia | 26.7 | N/A | 10.4 | 6.0 | -39.2% |
| Lithuania | 5.2 | 4.6 | 7.9 | 4.6 | -4.0% |
| Ukraine | N/A | 7.7 | 5.0 | N/A | -35.1% |
| Others | 1.4 | 1.6 | 8.0 | 1.3 | -2.4% |
| Total | 96.1 | 81.1 | 127 | 260 | 39.3% |
Top Export Markets for Cumin Seeds, Neither Crushed Nor Ground from Latvia in 2022:
- Pakistan (76.0 tons)
- Poland (18.5 tons)
- Romania (7.4 tons)
- Hungary (3.5 tons)
- Czech Republic (2.3 tons)
- Belarus (1.7 tons)
- Russia (1.5 tons)
- Lithuania (1.3 tons)
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