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

Contents:

1. Price for Cumin Seeds, Neither Crushed Nor Ground in Venezuela (CIF) - 2022
2. Imports of Cumin Seeds, Neither Crushed Nor Ground in Venezuela

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

In 2022, the average import price for cumin seeds, neither crushed nor ground amounted to $1,933 per ton, shrinking by -4.6% against the previous year. In general, the import price showed a noticeable slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum at $3,129 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($2,542 per ton) and Turkey ($1,889 per ton), while the price for Egypt ($1,725 per ton) and India ($1,830 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Cumin Seeds, Neither Crushed Nor Ground in Venezuela

In 2022, approx. 130 tons of cumin seeds, neither crushed nor ground were imported into Venezuela; with an increase of 109% compared with the previous year. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 225% against the previous year. As a result, imports reached the peak of 198 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cumin seeds, neither crushed nor ground skyrocketed to $251K in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 161% against the previous year. As a result, imports attained the peak of $377K. 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 Venezuela in 2022:

1. India (79.0 tons)
2. Turkey (26.9 tons)
3. Germany (17.5 tons)
4. Egypt (6.7 tons)

Source: IndexBox Market Intelligence Platform