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

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $1,800 per ton in 2022, approximately mirroring the previous year. Overall, the import price saw a pronounced decline. The growth pace was the most rapid in 2016 when the average import price increased by 14%. Over the period under review, average import prices attained the peak figure at $2,299 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($3,038 per ton), while the price for the United Arab Emirates ($1,032 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for cumin seeds, neither crushed nor ground stood at $3,113 per ton in 2022, which is down by -13.9% against the previous year. Overall, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 35%. The export price peaked at $3,943 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Malaysia ($7,324 per ton), while the average price for exports to Brunei Darussalam ($1,133 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 Malaysia (+48.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Bangladesh

In 2022, the amount of cumin seeds, neither crushed nor ground imported into Bangladesh was estimated at 38K tons, growing by 10% compared with the year before. The total import volume increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. As a result, imports reached the peak of 42K 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 expanded remarkably to $69M in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of $75M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. India (37.3K tons)
2. United Arab Emirates (0.6K tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Bangladesh

In 2022, approx. 24 tons of cumin seeds, neither crushed nor ground were exported from Bangladesh; waning by -31.7% on the previous year's figure. Over the period under review, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 367%. As a result, the exports attained the peak of 35 tons, and then fell dramatically in the following year.

In value terms, exports of cumin seeds, neither crushed nor ground shrank significantly to $73K in 2022. Overall, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 465% against the previous year. As a result, the exports reached the peak of $125K, and then declined dramatically in the following year.

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

1. Singapore (13.3 tons)
2. Bahrain (2.7 tons)
3. South Africa (2.5 tons)
4. Brunei Darussalam (1.1 tons)
5. South Korea (1.0 tons)
6. Oman (0.7 tons)
7. Malaysia (0.7 tons)
8. Kuwait (0.4 tons)

Source: IndexBox Market Intelligence Platform