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

Contents:

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

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

In 2022, the average import price for cumin seeds, crushed or ground amounted to $2,407 per ton, jumping by 54% against the previous year. In general, the import price, however, recorded a pronounced descent. The import price peaked at $3,914 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -4.8% per year.

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

In 2022, the average export price for cumin seeds, crushed or ground amounted to $450 per ton, waning by -51.7% against the previous year. In general, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 118% against the previous year. Over the period under review, the average export prices hit record highs at $1,702 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2014 to 2022, the rate of growth in terms of prices for Singapore amounted to -1.6% per year.

Imports of Cumin Seeds, Crushed or Ground in Myanmar

In 2022, imports of cumin seeds, crushed or ground into Myanmar soared to 158 tons, increasing by 123% compared with 2021. Over the period under review, imports saw a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 280%. As a result, imports attained the peak of 347 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cumin seeds, crushed or ground imports skyrocketed to $380K in 2022. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 352%. As a result, imports attained the peak of $545K. From 2021 to 2022, the growth of imports remained at a lower figure.

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

1. India (155.5 tons)

Exports of Cumin Seeds, Crushed or Ground in Myanmar

In 2022, after two years of decline, there was significant growth in overseas shipments of cumin seeds, crushed or ground, when their volume increased by 932% to 24 tons. In general, exports, however, showed a precipitous descent.

In value terms, cumin seeds, crushed or ground exports skyrocketed to $11K in 2022. Overall, exports, however, saw a sharp contraction.

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

1. Singapore (24.1 tons)

Source: IndexBox Market Intelligence Platform