Price for Cumin Seeds, Neither Crushed Nor Ground in Norway - 2024

Contents:

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

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

The average import price for cumin seeds, neither crushed nor ground stood at $5,543 per ton in 2022, declining by -7.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $6,482 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($7,467 per ton), while the price for Pakistan ($4,331 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $7,800 per ton, which is down by -75.3% against the previous year. Over the period under review, the export price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2021 an increase of 453% against the previous year. As a result, the export price reached the peak level of $31,580 per ton, and then fell sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($10,000 per ton), while the average price for exports to Austria stood at $6,333 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-6.1%).

Imports of Cumin Seeds, Neither Crushed Nor Ground in Norway

After three years of growth, overseas purchases of cumin seeds, neither crushed nor ground decreased by -17.7% to 31 tons in 2022. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 34%.

In value terms, imports of cumin seeds, neither crushed nor ground contracted markedly to $169K in 2022. In general, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 43%.

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

1. India (20.4 tons)
2. Syrian Arab Republic (5.8 tons)
3. Germany (1.5 tons)
4. Turkey (1.0 tons)
5. Czech Republic (1.0 tons)
6. Pakistan (0.5 tons)

Exports of Cumin Seeds, Neither Crushed Nor Ground in Norway

Exports of cumin seeds, neither crushed nor ground from Norway declined markedly to 5 kg in 2022, waning by -93.8% compared with the previous year's figure. Over the period under review, exports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by 113% against the previous year. As a result, the exports attained the peak of 81 kg, and then contracted markedly in the following year.

In value terms, exports of cumin seeds, neither crushed nor ground plummeted to $39 in 2022. In general, exports showed a sharp setback. The growth pace was the most rapid in 2021 with an increase of 1,079%. As a result, the exports reached the peak of $2.6K, and then contracted remarkably in the following year.

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

1. Austria (3.0 kg)
2. Namibia (2.0 kg)

Source: IndexBox Market Intelligence Platform