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

Contents:

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

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

The average export price for cumin seeds, crushed or ground stood at $6,077 per ton in 2022, growing by 33% against the previous year. In general, the export price, however, faced a sharp shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 40% against the previous year. The export price peaked at $32,719 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($25,000 per ton), while the average price for exports to Cabo Verde ($4,125 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+25.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for cumin seeds, crushed or ground amounted to $15,546 per ton, picking up by 36% against the previous year. In general, the import price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 464% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($24,425 per ton), while the price for France ($7,718 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+17.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cumin Seeds, Crushed or Ground in Morocco

In 2022, after three years of growth, there was significant decline in shipments abroad of cumin seeds, crushed or ground, when their volume decreased by -91.7% to 1.2 tons. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 260% against the previous year.

In value terms, cumin seeds, crushed or ground exports contracted markedly to $7.3K in 2022. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 233%.

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

1. United States (700.0 kg)
2. Canada (270.0 kg)
3. Cabo Verde (120.0 kg)
4. New Caledonia (40.0 kg)
5. Cote d'Ivoire (37.0 kg)
6. France (1.0 kg)

Imports of Cumin Seeds, Crushed or Ground in Morocco

In 2022, supplies from abroad of cumin seeds, crushed or ground decreased by -59.1% to 1.1 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a sharp downturn. The pace of growth appeared the most rapid in 2020 with an increase of 219%. As a result, imports reached the peak of 18 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cumin seeds, crushed or ground imports shrank notably to $18K in 2022. Overall, imports faced a precipitous setback. The smallest decline of -15.1% was in 2021.

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

1. India (522.0 kg)
2. Turkey (508.0 kg)
3. France (103.0 kg)

Source: IndexBox Market Intelligence Platform