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

Contents:

1. Price for Cumin Seeds, Neither Crushed Nor Ground in Portugal (CIF) - 2023
2. Price for Cumin Seeds, Neither Crushed Nor Ground in Portugal (FOB) - 2022
3. Imports of Cumin Seeds, Neither Crushed Nor Ground in Portugal
4. Exports of Cumin Seeds, Neither Crushed Nor Ground in Portugal

Price for Cumin Seeds, Neither Crushed Nor Ground in Portugal (CIF) - 2023

In October 2023, the average import price for cumin seeds, neither crushed nor ground amounted to $10,197 per ton, with an increase of 13% against the previous month. Overall, the import price recorded a moderate increase. The pace of growth was the most pronounced in July 2023 an increase of 116% month-to-month. As a result, import price reached the peak level of $12,392 per ton. From August 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($10,329 per ton), while the price for Spain amounted to $4,748 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $5,481 per ton, waning by -16.9% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 decreased by -24.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 46% against the previous year. Over the period under review, the average export prices attained the maximum at $7,301 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($8,217 per ton), while the average price for exports to Spain ($4,842 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 Sao Tome and Principe (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Portugal

In 2022, overseas purchases of cumin seeds, neither crushed nor ground decreased by -51.6% to 24 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2020 with an increase of 8.5% against the previous year. As a result, imports attained the peak of 65 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 reduced markedly to $128K in 2022. Overall, imports saw a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. As a result, imports attained the peak of $284K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Syrian Arab Republic (10.8 tons)
2. Spain (7.6 tons)
3. France (3.8 tons)
4. Italy (0.8 tons)
5. Netherlands (0.7 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Portugal

In 2022, shipments abroad of cumin seeds, neither crushed nor ground decreased by -17.6% to 7.9 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 16%. As a result, the exports attained the peak of 12 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cumin seeds, neither crushed nor ground reduced remarkably to $44K in 2022. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by 27%. As a result, the exports attained the peak of $86K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Spain (6.4 tons)
2. Angola (1.4 tons)
3. Sao Tome and Principe (0.1 tons)

Source: IndexBox Market Intelligence Platform