Price for Cumin Seeds, Crushed or Ground in Lithuania - 2023

Contents:

1. Price for Cumin Seeds, Crushed or Ground in Lithuania (CIF) - 2022
2. Price for Cumin Seeds, Crushed or Ground in Lithuania (FOB) - 2022
3. Imports of Cumin Seeds, Crushed or Ground in Lithuania
4. Exports of Cumin Seeds, Crushed or Ground in Lithuania

Price for Cumin Seeds, Crushed or Ground in Lithuania (CIF) - 2022

The average import price for cumin seeds, crushed or ground stood at $9,633 per ton in 2022, rising by 114% against the previous year. In general, the import price posted a notable expansion. The import price peaked at $12,835 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Estonia ($26,017 per ton), while the price for Poland ($4,211 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cumin Seeds, Crushed or Ground in Lithuania (FOB) - 2022

The average export price for cumin seeds, crushed or ground stood at $2,566 per ton in 2022, declining by -38.9% against the previous year. Overall, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 53%. The export price peaked at $6,233 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($10,563 per ton), while the average price for exports to the UK ($2,000 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 Estonia (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Crushed or Ground in Lithuania

After three years of growth, supplies from abroad of cumin seeds, crushed or ground decreased by -58.3% to 3.7 tons in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 361% against the previous year.

In value terms, cumin seeds, crushed or ground imports contracted to $35K in 2022. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 142%.

Top Suppliers of Cumin Seeds, Crushed or Ground to Lithuania in 2022:

1. Germany (1191.0 kg)
2. Austria (1159.0 kg)
3. Latvia (472.0 kg)
4. Poland (464.0 kg)
5. Estonia (345.0 kg)

Exports of Cumin Seeds, Crushed or Ground in Lithuania

In 2022, overseas shipments of cumin seeds, crushed or ground decreased by -25.5% to 440 kg, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2020 when exports increased by 241% against the previous year. As a result, the exports attained the peak of 1.1 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, cumin seeds, crushed or ground exports fell remarkably to $1.1K in 2022. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 95% against the previous year. As a result, the exports attained the peak of $2.9K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Cumin Seeds, Crushed or Ground from Lithuania in 2022:

1. Latvia (399.0 kg)
2. United Arab Emirates (20.0 kg)
3. Ukraine (16.0 kg)
4. Estonia (2.0 kg)

Source: IndexBox Market Intelligence Platform