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

Contents:

1. Price for Cumin Seeds, Crushed or Ground in Sweden (CIF) - 2023
2. Price for Cumin Seeds, Crushed or Ground in Sweden (FOB) - 2022
3. Imports of Cumin Seeds, Crushed or Ground in Sweden
4. Exports of Cumin Seeds, Crushed or Ground in Sweden

Price for Cumin Seeds, Crushed or Ground in Sweden (CIF) - 2023

In June 2023, the average import price for cumin seeds, crushed or ground amounted to $5,516 per ton, shrinking by -12.4% against the previous month. Over the period under review, import price indicated a slight expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, cumin seeds, crushed or ground import price decreased by -35.6% against February 2023 indices. The pace of growth was the most pronounced in February 2023 when the average import price increased by 68% against the previous month. As a result, import price reached the peak level of $8,561 per ton. From March 2023 to June 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($9,886 per ton), while the price for India ($5,212 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Egypt (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, crushed or ground amounted to $12,143 per ton, jumping by 16% against the previous year. In general, the export price showed a moderate expansion. The growth pace was the most rapid in 2013 an increase of 150%. As a result, the export price reached the peak level of $23,789 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($25,923 per ton), while the average price for exports to Estonia ($4,087 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 Ireland (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cumin Seeds, Crushed or Ground in Sweden

In 2022, imports of cumin seeds, crushed or ground into Sweden was estimated at 590 tons, standing approx. at the previous year. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, cumin seeds, crushed or ground imports amounted to $2.6M in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 60%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

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

1. India (444.0 tons)
2. Netherlands (59.0 tons)
3. Vietnam (38.0 tons)
4. Turkey (12.4 tons)
5. Egypt (12.0 tons)
6. Syrian Arab Republic (8.9 tons)

Exports of Cumin Seeds, Crushed or Ground in Sweden

Cumin seeds, crushed or ground exports from Sweden shrank significantly to 75 tons in 2022, waning by -19% on 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 63%. As a result, the exports reached the peak of 92 tons, and then declined rapidly in the following year.

In value terms, cumin seeds, crushed or ground exports shrank to $908K in 2022. The total export value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 9.9% against the previous year. As a result, the exports attained the peak of $965K, and then shrank in the following year.

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

1. Estonia (21.0 tons)
2. Denmark (21.0 tons)
3. Norway (20.0 tons)
4. Finland (5.0 tons)
5. Ireland (5.0 tons)
6. United Kingdom (1.0 tons)

Source: IndexBox Market Intelligence Platform