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

Contents:

1. Price for Cumin Seeds, Neither Crushed Nor Ground in Nepal (CIF) - 2022
2. Imports of Cumin Seeds, Neither Crushed Nor Ground in Nepal

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

In 2022, the average import price for cumin seeds, neither crushed nor ground amounted to $2,112 per ton, surging by 7.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2017 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the maximum at $2,321 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for India amounted to +1.6% per year.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Nepal

In 2022, purchases abroad of cumin seeds, neither crushed nor ground decreased by -32.1% to 6.4K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year.

In value terms, imports of cumin seeds, neither crushed nor ground reduced rapidly to $14M in 2022. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 18%.

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

1. India (6.4K tons)

Source: IndexBox Market Intelligence Platform