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

Contents:

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

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

The average export price for cumin seeds, neither crushed nor ground stood at $6,672 per ton in 2022, rising by 6.3% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cumin seeds, neither crushed nor ground increased by +16.9% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices reached the peak figure at $8,699 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($7,929 per ton), while the average price for exports to Poland ($4,044 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for cumin seeds, neither crushed nor ground stood at $4,657 per ton in 2022, increasing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. 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 Germany ($11,069 per ton), while the price for Syrian Arab Republic ($1,800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cumin Seeds, Neither Crushed Nor Ground in Austria

In 2022, overseas shipments of cumin seeds, neither crushed nor ground decreased by -34.5% to 151 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 240% against the previous year.

In value terms, exports of cumin seeds, neither crushed nor ground reduced rapidly to $1M in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 144% against the previous year.

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

1. Germany (61.5 tons)
2. Russia (41.4 tons)
3. Poland (35.2 tons)
4. Italy (4.6 tons)
5. Slovakia (3.5 tons)
6. Czech Republic (2.7 tons)

Imports of Cumin Seeds, Neither Crushed Nor Ground in Austria

After three years of growth, overseas purchases of cumin seeds, neither crushed nor ground decreased by -40.8% to 197 tons in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 88%.

In value terms, imports of cumin seeds, neither crushed nor ground dropped dramatically to $917K in 2022. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 87% against the previous year. As a result, imports attained the peak of $1.3M, and then shrank notably in the following year.

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

1. India (150.2 tons)
2. Turkey (21.4 tons)
3. Iran (14.1 tons)
4. Germany (5.3 tons)
5. Netherlands (3.1 tons)

Source: IndexBox Market Intelligence Platform