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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $3,205 per ton in 2022, rising by 73% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cumin seeds, neither crushed nor ground increased by +74.3% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($3,205 per ton), while the price for India stood at $3,205 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.0%).

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

The average export price for cumin seeds, neither crushed nor ground stood at $2,891 per ton in 2022, increasing by 107% against the previous year. Over the period under review, the export price recorded a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Somalia ($2,891 per ton) and India ($2,891 per ton), while the average price for exports to Qatar ($2,891 per ton) and the United Arab Emirates ($2,891 per ton) were amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Oman

In 2022, approx. 1.7K tons of cumin seeds, neither crushed nor ground were imported into Oman; surging by 3.4% against 2021. The total import volume increased at an average annual rate of +14.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, imports of cumin seeds, neither crushed nor ground skyrocketed to $5.4M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United Arab Emirates (1101.8 tons)
2. India (584.2 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Oman

In 2022, shipments abroad of cumin seeds, neither crushed nor ground decreased by -52.6% to 86 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 548%.

In value terms, exports of cumin seeds, neither crushed nor ground shrank slightly to $248K in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 565%.

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

1. India (31.9 tons)
2. United Arab Emirates (23.7 tons)
3. Somalia (21.7 tons)
4. Qatar (8.3 tons)

Source: IndexBox Market Intelligence Platform