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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $3,452 per ton in 2022, growing by 34% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Syrian Arab Republic ($9,598 per ton), while the price for Uzbekistan ($776 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $10,523 per ton, growing by 36% against the previous year. Overall, the export price, however, recorded a slight descent. The most prominent rate of growth was recorded in 2019 an increase of 44%. The export price peaked at $11,519 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($20,000 per ton), while the average price for exports to Russia ($3,550 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Ukraine

In 2022, overseas purchases of cumin seeds, neither crushed nor ground decreased by -63% to 43 tons, falling for the second year in a row after two years of growth. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 124%. As a result, imports reached the peak of 125 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cumin seeds, neither crushed nor ground dropped notably to $147K in 2022. Over the period under review, imports, however, recorded a modest expansion. The pace of growth appeared the most rapid in 2020 with an increase of 90%.

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

1. India (40.4 tons)
2. Syrian Arab Republic (1.0 tons)
3. Turkey (0.8 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Ukraine

In 2022, after three years of growth, there was significant decline in shipments abroad of cumin seeds, neither crushed nor ground, when their volume decreased by -92.6% to 281 kg. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 917% against the previous year. As a result, the exports attained the peak of 3.8 tons, and then fell significantly in the following year.

In value terms, exports of cumin seeds, neither crushed nor ground reduced markedly to $3K in 2022. In general, exports, however, posted moderate growth. The pace of growth was the most pronounced in 2021 with an increase of 733%. As a result, the exports attained the peak of $29K, and then dropped sharply in the following year.

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

1. Russia (100.0 kg)
2. Canada (58.0 kg)
3. Moldova (53.0 kg)
4. Israel (30.0 kg)
5. United States (25.0 kg)
6. Georgia (11.0 kg)

Source: IndexBox Market Intelligence Platform