Price for Cumin Seeds, Crushed or Ground in Portugal - 2023
Contents:
- Price for Cumin Seeds, Crushed or Ground in Portugal (CIF) - 2023
- Price for Cumin Seeds, Crushed or Ground in Portugal (FOB) - 2022
- Imports of Cumin Seeds, Crushed or Ground in Portugal
- Exports of Cumin Seeds, Crushed or Ground in Portugal
Price for Cumin Seeds, Crushed or Ground in Portugal (CIF) - 2023
The average import price for cumin seeds, crushed or ground stood at $10,281 per ton in June 2023, picking up by 20% against the previous month. Overall, import price indicated moderate growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, cumin seeds, crushed or ground import price increased by +78.5% against April 2023 indices. The pace of growth was the most pronounced in May 2023 when the average import price increased by 48% month-to-month. The import price peaked in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was France ($15,895 per ton), while the price for Spain ($6,052 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cumin Seeds, Crushed or Ground in Portugal (FOB) - 2022
The average export price for cumin seeds, crushed or ground stood at $8,628 per ton in 2022, waning by -12.9% against the previous year. In general, the export price recorded a mild downturn. The most prominent rate of growth was recorded in 2016 an increase of 34%. The export price peaked at $10,325 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 Switzerland ($13,647 per ton), while the average price for exports to Luxembourg ($1,163 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 Sao Tome and Principe (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cumin Seeds, Crushed or Ground in Portugal
Cumin seeds, crushed or ground imports into Portugal surged to 109 tons in 2022, growing by 23% compared with 2021. The total import volume increased at an average annual rate of +13.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cumin seeds, crushed or ground imports reduced to $606K in 2022. The total import value increased at an average annual rate of +8.2% 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 2021 with an increase of 22%. As a result, imports reached the peak of $697K, and then declined in the following year.
| Import of Cumin Seeds, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 281 | 388 | 471 | 285 | 0.5% |
| Spain | 129 | 152 | 150 | 181 | 12.0% |
| Poland | N/A | N/A | N/A | 74.6 | 0% |
| Germany | 62.6 | 21.7 | 69.5 | 62.8 | 0.1% |
| Others | 5.6 | 6.4 | 6.5 | 3.3 | -16.2% |
| Total | 478 | 569 | 697 | 606 | 8.2% |
Top Suppliers of Cumin Seeds, Crushed or Ground to Portugal in 2022:
- Spain (63.9 tons)
- France (29.3 tons)
- Poland (9.3 tons)
- Germany (6.2 tons)
Exports of Cumin Seeds, Crushed or Ground in Portugal
After three years of growth, overseas shipments of cumin seeds, crushed or ground decreased by -14.5% to 25 tons in 2022. The total export volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24%.
In value terms, cumin seeds, crushed or ground exports shrank rapidly to $217K in 2022. In general, total exports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.6% 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 with an increase of 37%.
| Export of Cumin Seeds, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 156 | 230 | 219 | 156 | 0.0% |
| Angola | 14.0 | 4.1 | 29.1 | 28.4 | 26.6% |
| Cabo Verde | 7.8 | 7.5 | 8.8 | 13.1 | 18.9% |
| Switzerland | 6.6 | 8.2 | 9.3 | 7.0 | 2.0% |
| France | 1.9 | 3.9 | 4.4 | 3.0 | 16.4% |
| Mozambique | 1.1 | 2.0 | 2.3 | 2.5 | 31.5% |
| Luxembourg | 1.2 | 4.2 | 5.5 | 2.1 | 20.5% |
| Sao Tome and Principe | 3.3 | 2.6 | 8.2 | 1.6 | -21.4% |
| Belgium | 0.6 | 0.6 | 0.4 | 0.5 | -5.9% |
| Others | 3.1 | 3.7 | 5.1 | 2.8 | -3.3% |
| Total | 195 | 267 | 292 | 217 | 3.6% |
Top Export Markets for Cumin Seeds, Crushed or Ground from Portugal in 2022:
- Spain (14.6 tons)
- Angola (4.5 tons)
- Cabo Verde (2.0 tons)
- Luxembourg (1.8 tons)
- Switzerland (0.5 tons)
- Belgium (0.4 tons)
- France (0.4 tons)
- Mozambique (0.4 tons)
- Sao Tome and Principe (0.2 tons)
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