Price for Cumin Seeds, Neither Crushed Nor Ground in Nigeria - 2022
Contents:
- Price for Cumin Seeds, Neither Crushed Nor Ground in Nigeria (CIF) - 2022
- Imports of Cumin Seeds, Neither Crushed Nor Ground in Nigeria
Price for Cumin Seeds, Neither Crushed Nor Ground in Nigeria (CIF) - 2022
The average import price for cumin seeds, neither crushed nor ground stood at $838 per ton in 2022, reducing by -16.1% against the previous year. In general, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 6% against the previous year. The import price peaked at $2,558 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,702 per ton), while the price for China stood at $820 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.5%), while the prices for the other major suppliers experienced a decline.
Imports of Cumin Seeds, Neither Crushed Nor Ground in Nigeria
Imports of cumin seeds, neither crushed nor ground into Nigeria surged to 478 tons in 2022, increasing by 65% on the year before. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 89% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of cumin seeds, neither crushed nor ground surged to $401K in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Cumin Seeds, Neither Crushed Nor Ground in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 158 | 384 | 143.0% |
| India | 55.3 | 20.2 | 88.6 | 17.0 | -32.5% |
| United States | 136 | 126 | N/A | N/A | -7.4% |
| Others | 8.4 | 22.4 | 43.1 | N/A | 126.5% |
| Total | 200 | 168 | 290 | 401 | 26.1% |
Top Suppliers of Cumin Seeds, Neither Crushed Nor Ground to Nigeria in 2022:
- China (467.9 tons)
- India (10.0 tons)
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