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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $2,993 per ton in 2022, surging by 61% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 63%. The import price peaked at $2,999 per ton in 2013; afterwards, it flattened through to 2022.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -0.0% per year.

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

The average export price for cumin seeds, neither crushed nor ground stood at $904 per ton in 2022, picking up by 95% against the previous year. Over the period under review, the export price enjoyed a temperate expansion. The export price peaked at $950 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($1,250 per ton), while the average price for exports to Thailand totaled $824 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Myanmar

In 2022, overseas purchases of cumin seeds, neither crushed nor ground decreased by -12.3% to 402 tons, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 149% against the previous year. As a result, imports attained the peak of 801 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 skyrocketed to $1.2M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 94% against the previous year. As a result, imports reached the peak of $1.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. India (402.1 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Myanmar

In 2022, shipments abroad of cumin seeds, neither crushed nor ground decreased by -32.2% to 79 tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 604%. As a result, the exports attained the peak of 116 tons, and then contracted sharply in the following year.

In value terms, exports of cumin seeds, neither crushed nor ground surged to $71K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 243% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Thailand (64.1 tons)
2. Pakistan (14.8 tons)

Source: IndexBox Market Intelligence Platform