Price for Cumin Seeds, Crushed or Ground in Bangladesh - 2022
Contents:
- Price for Cumin Seeds, Crushed or Ground in Bangladesh (FOB) - 2022
- Price for Cumin Seeds, Crushed or Ground in Bangladesh (CIF) - 2022
- Exports of Cumin Seeds, Crushed or Ground in Bangladesh
- Imports of Cumin Seeds, Crushed or Ground in Bangladesh
Price for Cumin Seeds, Crushed or Ground in Bangladesh (FOB) - 2022
The average export price for cumin seeds, crushed or ground stood at $3,245 per ton in 2022, rising by 3.6% against the previous year. In general, the export price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 8.3%. The export price peaked at $3,912 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($5,034 per ton), while the average price for exports to Oman ($890 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 Italy (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cumin Seeds, Crushed or Ground in Bangladesh (CIF) - 2022
In 2022, the average import price for cumin seeds, crushed or ground amounted to $2,236 per ton, stabilizing at the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cumin seeds, crushed or ground import price increased by +2.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 48% against the previous year. As a result, import price reached the peak level of $3,143 per ton. From 2017 to 2022, the average 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 ($10,569 per ton), while the price for the United Arab Emirates stood at $2,187 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cumin Seeds, Crushed or Ground in Bangladesh
Cumin seeds, crushed or ground exports from Bangladesh shrank to 312 tons in 2022, waning by -7.4% on 2021 figures. Overall, exports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 6.2% against the previous year.
In value terms, cumin seeds, crushed or ground exports declined slightly to $1M in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 9% against the previous year. As a result, the exports reached the peak of $1.1M, and then contracted in the following year.
| Export of Cumin Seeds, Crushed or Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 170 | 155 | 137 | 286 | 18.9% |
| United States | 127 | 99.8 | 193 | 222 | 20.5% |
| Maldives | 26.1 | N/A | 33.1 | 103 | 58.0% |
| Australia | 15.5 | 41.4 | 39.9 | 77.8 | 71.2% |
| Kuwait | 89.7 | 51.1 | 54.7 | 65.5 | -10.0% |
| Canada | 18.3 | 28.4 | 14.1 | 39.1 | 28.8% |
| Greece | 16.0 | 23.7 | 42.0 | 38.1 | 33.5% |
| Bahrain | 33.7 | 26.6 | 15.2 | 35.7 | 1.9% |
| Japan | N/A | 6.0 | 4.7 | 32.5 | 132.7% |
| Brunei Darussalam | N/A | 37.5 | 42.6 | 18.7 | -29.4% |
| Italy | 2.1 | 8.9 | 42.9 | 13.6 | 86.4% |
| Oman | N/A | N/A | 2.2 | 7.6 | 245.5% |
| Lebanon | 21.4 | 3.1 | 2.6 | 7.5 | -29.5% |
| Others | 495 | 488 | 432 | 65.2 | -49.1% |
| Total | 1,014 | 969 | 1,056 | 1,013 | -0.0% |
Top Export Markets for Cumin Seeds, Crushed or Ground from Bangladesh in 2022:
- Singapore (86.4 tons)
- United States (75.7 tons)
- Australia (24.5 tons)
- Maldives (20.4 tons)
- Kuwait (18.4 tons)
- Greece (13.6 tons)
- Bahrain (10.1 tons)
- Canada (8.7 tons)
- Oman (8.5 tons)
- Lebanon (7.5 tons)
- Japan (7.3 tons)
- Brunei Darussalam (6.7 tons)
- Italy (5.8 tons)
Imports of Cumin Seeds, Crushed or Ground in Bangladesh
After two years of decline, supplies from abroad of cumin seeds, crushed or ground increased by 45% to 119 tons in 2022. Over the period under review, imports, however, continue to indicate a deep slump.
In value terms, cumin seeds, crushed or ground imports soared to $266K in 2022. In general, imports, however, saw a abrupt slump.
| Import of Cumin Seeds, Crushed or Ground in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | 350 | 183 | 259 | -14.0% |
| Pakistan | 517 | N/A | N/A | N/A | 0% |
| Others | 0.5 | N/A | N/A | 7.0 | 141.0% |
| Total | 517 | 350 | 183 | 266 | -19.9% |
Top Suppliers of Cumin Seeds, Crushed or Ground to Bangladesh in 2022:
- United Arab Emirates (118.6 tons)
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