Price for Cumin Seeds, Crushed or Ground in Tanzania - 2022

Contents:

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

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

The average import price for cumin seeds, crushed or ground stood at $1,020 per ton in 2022, shrinking by -61% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 121% against the previous year. The import price peaked at $2,613 per ton in 2021, and then reduced rapidly in the following year.

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 the United Arab Emirates ($1,840 per ton), while the price for India stood at $584 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+47.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for cumin seeds, crushed or ground stood at $1,115 per ton in 2022, with a decrease of -55.6% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 193% against the previous year. Over the period under review, the average export prices reached the maximum at $3,321 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to -6.9% per year.

Imports of Cumin Seeds, Crushed or Ground in Tanzania

After three years of growth, supplies from abroad of cumin seeds, crushed or ground decreased by -97.3% to 5.2 tons in 2022. Overall, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 341%. As a result, imports attained the peak of 190 tons, and then contracted significantly in the following year.

In value terms, cumin seeds, crushed or ground imports shrank dramatically to $5.3K in 2022. Over the period under review, imports showed a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 387%. As a result, imports attained the peak of $497K, and then reduced dramatically in the following year.

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

1. India (3.4 tons)
2. United Arab Emirates (1.8 tons)

Exports of Cumin Seeds, Crushed or Ground in Tanzania

In 2022, overseas shipments of cumin seeds, crushed or ground decreased by -37.6% to 156 kg, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 568%. As a result, the exports reached the peak of 414 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cumin seeds, crushed or ground exports reduced markedly to $174 in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 333%.

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

1. Rwanda (156.0 kg)

Source: IndexBox Market Intelligence Platform