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

Contents:

1. Price for Cumin Seeds, Neither Crushed Nor Ground in Morocco (CIF) - 2023
2. Price for Cumin Seeds, Neither Crushed Nor Ground in Morocco (FOB) - 2022
3. Imports of Cumin Seeds, Neither Crushed Nor Ground in Morocco
4. Exports of Cumin Seeds, Neither Crushed Nor Ground in Morocco

Price for Cumin Seeds, Neither Crushed Nor Ground in Morocco (CIF) - 2023

In June 2023, the average import price for cumin seeds, neither crushed nor ground amounted to $5,625 per ton, surging by 18% against the previous month. Over the period under review, import price indicated a notable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, import price for cumin seeds, neither crushed nor ground increased by +42.5% against April 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 30% m-o-m. The import price peaked in June 2023.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Egypt ($5,936 per ton), while the price for India amounted to $4,861 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $5,603 per ton, with a decrease of -36% against the previous year. Over the period under review, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 66%. The export price peaked at $12,137 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($9,608 per ton), while the average price for exports to France stood at $4,473 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+7.9%), while the prices for the other major destinations experienced a decline.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Morocco

In 2022, the amount of cumin seeds, neither crushed nor ground imported into Morocco declined modestly to 6.5K tons, with a decrease of -4.8% compared with the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 6.3%. As a result, imports attained the peak of 6.8K tons, and then dropped slightly in the following year.

In value terms, imports of cumin seeds, neither crushed nor ground surged to $21M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.9% 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 +50.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. India (3.7K tons)
2. Turkey (1.5K tons)
3. Egypt (1.1K tons)
4. Afghanistan (0.2K tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Morocco

In 2022, shipments abroad of cumin seeds, neither crushed nor ground decreased by -79.9% to 335 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 318%. As a result, the exports attained the peak of 2.8 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cumin seeds, neither crushed nor ground contracted notably to $1.9K in 2022. In general, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2020 when exports increased by 190% against the previous year.

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

1. France (256.0 kg)
2. Senegal (74.0 kg)

Source: IndexBox Market Intelligence Platform