Price for Cumin Seeds, Crushed or Ground in Panama - 2023
Contents:
- Price for Cumin Seeds, Crushed or Ground in Panama (CIF) - 2022
- Imports of Cumin Seeds, Crushed or Ground in Panama
Price for Cumin Seeds, Crushed or Ground in Panama (CIF) - 2022
The average import price for cumin seeds, crushed or ground stood at $4,519 per ton in 2022, reducing by -16.9% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cumin seeds, crushed or ground import price decreased by -19.4% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 125% against the previous year. As a result, import price reached the peak level of $6,469 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($16,918 per ton), while the price for Free Zones ($2,467 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cumin Seeds, Crushed or Ground in Panama
In 2022, approx. 48 tons of cumin seeds, crushed or ground were imported into Panama; increasing by 61% on the year before. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cumin seeds, crushed or ground imports soared to $216K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Cumin Seeds, Crushed or Ground in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 47.9 | 66.4 | 102 | 105 | 29.9% |
| China | N/A | N/A | N/A | 55.7 | 0% |
| United States | 70.7 | 17.1 | 15.8 | 26.6 | -27.8% |
| Costa Rica | 14.6 | 16.0 | 27.7 | 18.3 | 7.8% |
| Free Zones | N/A | N/A | 1.6 | 2.4 | 50.0% |
| Others | 7.6 | 11.5 | 14.2 | 7.7 | 0.4% |
| Total | 141 | 111 | 162 | 216 | 15.3% |
Top Suppliers of Cumin Seeds, Crushed or Ground to Panama in 2022:
- India (19.2 tons)
- China (15.4 tons)
- Costa Rica (6.3 tons)
- United States (5.5 tons)
- Free Zones (1.0 tons)
240
This report provides an in-depth analysis of the market for anise, badian, fennel and coriander in Panama.
599
This report provides an in-depth analysis of the global market for anise, badian, fennel and coriander.
240
This report provides an in-depth analysis of the market for anise, badian, fennel and coriander in Panama.
599
This report provides an in-depth analysis of the global market for anise, badian, fennel and coriander.
Nothing found. Please try again.
