Price for Cumin Seeds, Neither Crushed Nor Ground in Thailand - 2024

Contents:

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

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

In 2022, the average import price for cumin seeds, neither crushed nor ground amounted to $2,396 per ton, picking up by 11% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +20.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $2,659 per ton in 2017; however, from 2018 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 ($2,807 per ton), while the price for Myanmar amounted to $907 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cumin seeds, neither crushed nor ground stood at $205 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price faced a dramatic slump. The growth pace was the most rapid in 2021 a decrease of 99.9% against the previous year. Over the period under review, the average export prices reached the peak figure at $5,777 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($270 per ton), while the average price for exports to the Netherlands ($63 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-24.1%), while the prices for the other major destinations experienced a decline.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Thailand

For the fourth year in a row, Thailand recorded growth in purchases abroad of cumin seeds, neither crushed nor ground, which increased by 16% to 333 tons in 2022. The total import volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of cumin seeds, neither crushed nor ground soared to $798K in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Thailand in 2022:

1. India (260.4 tons)
2. Myanmar (72.7 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Thailand

In 2022, the amount of cumin seeds, neither crushed nor ground exported from Thailand amounted to 210 kg, approximately mirroring the previous year's figure. In general, exports recorded a deep downturn. The smallest decline of 99.9% was in 2021.

In value terms, exports of cumin seeds, neither crushed nor ground amounted to $43 in 2022. Over the period under review, exports recorded a dramatic setback. The smallest decline of 99.9% was in 2021.

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

1. Maldives (126.0 kg)
2. United Arab Emirates (43.0 kg)
3. Netherlands (16.0 kg)
4. Austria (13.0 kg)
5. Canada (7.0 kg)
6. Singapore (4.0 kg)
7. Slovenia (1.0 kg)

Source: IndexBox Market Intelligence Platform