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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $2,213 per ton in 2022, flattening at the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 decreased by -3.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. The import price peaked at $2,302 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sudan ($3,224 per ton), while the price for India ($1,853 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2021, the average export price for cumin seeds, neither crushed nor ground amounted to $1,967 per ton, standing approx. at the previous year. In general, the export price recorded a slight downturn. The pace of growth appeared the most rapid in 2018 an increase of 2.8% against the previous year. The export price peaked at $2,144 per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Bahrain ($3,043 per ton) and the United Arab Emirates ($2,924 per ton), while the average price for exports to Turkey ($2,113 per ton) and Syrian Arab Republic ($2,520 per ton) were amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+40.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Saudi Arabia

Imports of cumin seeds, neither crushed nor ground into Saudi Arabia stood at 7.2K tons in 2022, surging by 4.5% on the year before. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 6.6%. As a result, imports attained the peak of 7.5K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cumin seeds, neither crushed nor ground expanded rapidly to $16M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.

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

1. India (4.1K tons)
2. Syrian Arab Republic (2.2K tons)
3. Sudan (0.3K tons)
4. Egypt (0.2K tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Saudi Arabia

In 2021, approx. 133 tons of cumin seeds, neither crushed nor ground were exported from Saudi Arabia; picking up by 14% against the year before. The total export volume increased at an average annual rate of +13.5% from 2020 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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 expanded rapidly to $261K in 2021. The total export value increased at an average annual rate of +12.3% over the period from 2020 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Yemen (150.7 tons)
2. Syrian Arab Republic (32.6 tons)
3. United Arab Emirates (29.0 tons)
4. Turkey (25.1 tons)
5. Jordan (16.9 tons)

Source: IndexBox Market Intelligence Platform