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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $6,581 per ton in 2022, increasing by 8.1% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cumin seeds, neither crushed nor ground increased by +26.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 45% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Sweden ($29,884 per ton), while the price for Lebanon ($673 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $5,876 per ton, increasing by 9.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 47%. Over the period under review, the average export prices hit record highs at $6,697 per ton in 2019; however, from 2020 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 the Netherlands ($8,192 per ton), while the average price for exports to Germany ($4,525 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 Turkey (+67.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Belgium

In 2022, overseas purchases of cumin seeds, neither crushed nor ground decreased by -46.8% to 56 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 58%. As a result, imports attained the peak of 110 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cumin seeds, neither crushed nor ground declined sharply to $365K in 2022. In general, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 42%.

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

1. Netherlands (33.9 tons)
2. Lebanon (5.1 tons)
3. India (4.5 tons)
4. Turkey (4.3 tons)
5. France (2.3 tons)
6. Spain (1.9 tons)
7. Sweden (1.2 tons)
8. Syrian Arab Republic (0.3 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Belgium

After three years of growth, overseas shipments of cumin seeds, neither crushed nor ground decreased by -70.8% to 47 tons in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 477% against the previous year.

In value terms, exports of cumin seeds, neither crushed nor ground dropped markedly to $274K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 395%.

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

1. Germany (21.5 tons)
2. France (16.6 tons)
3. Czech Republic (3.7 tons)
4. Netherlands (1.8 tons)
5. United Kingdom (1.4 tons)

Source: IndexBox Market Intelligence Platform