Tradologie
Tradologie

Global Cumin Trade

Global Cumin trade has been growing in trading volume and importance for the last decade. Cumin traders are becoming a more lucrative industry every year as demand increases. As a result, the value of each unit of cumin has increased by more than 1,000 percent in the last 10 years.

 

Cumin Trade Globally

 

The global cumin trade is expected to grow at a CAGR of around 5% during 2021-2022.

Cumin, popularly known as Jeera, is one of the most important spices in India and the world. Globally, cumin is used in various cuisines to add flavor and taste to food items. The market for cumin has seen significant growth recently due to its increased demand from the food industry. The global market for cumin is expected to grow at a CAGR of around 7.2% from 2020 to 2024.

The average size of the farm holding has decreased to 1 hectare during 2015-2020. Additionally, there has been an increase in the number of farmers focusing on organic farming practices in order to meet the increasing demand for organic food products. However, the unavailability of quality seeds and lower prices for produce are some factors that can hamper the growth of the market studied.

North America accounted for the major share followed by Europe and the Asia Pacific in the global cumin market during 2015-2020. In North America, Mexico is one of the major producers and consumers of cumin and accounts for around 60% of production in North America. Whereas, India is one of the leading producers and consumers of cumin in the Asia Pacific region, which also accounts for more than half of production in that region.

 

Cumin exports from India

 

In 2021/2022, global cumin exports reached $2.9 billion. The previous marketing year recorded $2.6 billion in sales.

Cumin spice exports from India are forecast to increase by about 6.4% in 2020/2021 and about 5.3% in 2021/2022 to reach 2,700,000 tons (in-shell basis).

In 2020/2021, cumin exports from India are forecast to reach 2,540,000 tons (in-shell basis), up from a revised 2,380,000 tons in 2019/2020. Exports of cumin from India in 2019/2020 were revised down by about 17.7% following the release of official export data by the Indian Ministry of Commerce. Exports in 2019/2020 were initially forecast at 2,900,000 tons but have now been revised down to 2,380,000 tons (in-shell basis) after the release of official data. In 2018/2019 and 2017/2018, cumin exports reached 2,660,000 tons and 2,440,000 tons respectively (in-shell basis).

 

Where does the cumin trade come from?

 

Cumin, a spice with a long history, is believed to have originated in Egypt. Trade routes from the Mediterranean brought cumin to India and Europe, where it was much used by the Romans. Nowadays it is an important ingredient of many cuisines across the world.

Cumin trade has been going on for over 3000 years, making it one of the oldest spices known to man. It was grown in ancient Egypt, but now mainly comes from Iran and India.

There are some interesting facts about cumin that might help you appreciate this pungent spice more:

Cumin seeds were found in Tutankhamun's tomb, suggesting they were not just used as a spice but also had some other role in Egyptian culture

In ancient Rome, cumin was considered less desirable than black pepper or coriander because it was associated with the lower classes

 

Largest Importing and exporting countries of Cumin

 

Top Cumin Exporting Countries in the World

  • India - $1,423,000,000
  • Mexico - $847,900,000
  • Iran - $742,400,000
  • Turkey - $408,800,000
  • United States - $375,900,000

 

Top Cumin Importing Countries in the World

 

Top Cumin Importing Countries in the World

  • Netherlands - $1,128,500,000
  • United States - $395,500,000
  • Singapore- $238,200 000
  • Germany - $210 800 000
  • Canada-$206 400 000

 

Benefits of Procuring cumin through Tradologie.com

 

To help you make the right choice, here is a list of the benefits of procuring cumin through Tradologie.com.

High-Quality Cumin

At Tradologie.com, we take care to ensure that the cumin we procure is of high quality. It has to be pure and of top-grade for our buyers to be happy with their purchases. It is also important that it is free from any foreign bodies or contaminants.

Competitive Prices

Our buyers will get the best prices for the commodity they purchase from us because we work with all-sized suppliers who are located in different parts of India. We negotiate with them on your behalf and get you the best price in the industry.

Ease of Buying

Buyers can easily procure jeera at competitive prices by posting requirements without going to the market physically. This saves a lot of time and effort for the importers.

No Middleman Involved

Buyers and sellers can directly connect with each other without having any middleman involved in the whole process.

 

Hwo Tradologie.com is simplifying cumin trde in 2022

 

Tradologie.com, India's leading digital B2B marketplace for domestic and international trade of commodities, has been making waves in the sector. It has a simple goal to make the trade of cumin easy and accessible to every buyer and seller. It is a digital platform that has brought together buyers and sellers from across the world. It has simplified the process of trade by connecting traders on a single platform.

Tradologie provides a platform that eliminates middlemen and provides full transparency to both parties. The auction allows buyers to select their own price and terms of payment. There are no additional costs like commission, logistics, or other charges involved, which makes it an affordable solution.