Price for Cumin Seeds, Crushed or Ground in Azerbaijan - 2023

Contents:

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

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

The average import price for cumin seeds, crushed or ground stood at $3,738 per ton in 2022, remaining constant against the previous year. Overall, the import price recorded a strong increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 40%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Turkey ($5,264 per ton), while the price for India totaled $2,312 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, crushed or ground amounted to $12,682 per ton, approximately reflecting the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

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

From 2021 to 2022, the rate of growth in terms of prices for Russia amounted to 0.0% per year.

Imports of Cumin Seeds, Crushed or Ground in Azerbaijan

In 2022, after two years of decline, there was significant growth in supplies from abroad of cumin seeds, crushed or ground, when their volume increased by 131% to 16 tons. Over the period under review, imports, however, faced a abrupt decrease.

In value terms, cumin seeds, crushed or ground imports surged to $61K in 2022. Overall, imports, however, showed a perceptible reduction.

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

1. India (8.5 tons)
2. Turkey (7.7 tons)

Exports of Cumin Seeds, Crushed or Ground in Azerbaijan

In 2022, approx. 22 kg of cumin seeds, crushed or ground were exported from Azerbaijan; which is down by -50% compared with the previous year's figure. Over the period under review, exports faced a precipitous descent.

In value terms, cumin seeds, crushed or ground exports reduced notably to $279 in 2022. Overall, exports recorded a significant contraction.

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

1. Kazakhstan (22.0 kg)

Source: IndexBox Market Intelligence Platform