Price for Coriander Seeds, Crushed or Ground in Australia - 2023

Contents:

1. Price for Coriander Seeds, Crushed or Ground in Australia (CIF) - 2023
2. Price for Coriander Seeds, Crushed or Ground in Australia (FOB) - 2022
3. Imports of Coriander Seeds, Crushed or Ground in Australia
4. Exports of Coriander Seeds, Crushed or Ground in Australia

Price for Coriander Seeds, Crushed or Ground in Australia (CIF) - 2023

In July 2023, the average import price for coriander seeds, crushed or ground amounted to $2,183 per ton, declining by -3.6% against the previous month. In general, the import price saw a slight contraction. The most prominent rate of growth was recorded in March 2023 an increase of 72% against the previous month. Over the period under review, average import prices hit record highs at $3,031 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($2,197 per ton), while the price for India stood at $2,085 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Canada (0.0%), while the prices for the other major suppliers experienced a decline.

Price for Coriander Seeds, Crushed or Ground in Australia (FOB) - 2022

The average export price for coriander seeds, crushed or ground stood at $2,969 per ton in 2022, which is down by -75.1% against the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 255%. Over the period under review, the average export prices reached the maximum at $12,864 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($8,226 per ton), while the average price for exports to India ($1,847 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 Fiji (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coriander Seeds, Crushed or Ground in Australia

After three years of growth, purchases abroad of coriander seeds, crushed or ground decreased by -1.2% to 818 tons in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year.

In value terms, coriander seeds, crushed or ground imports surged to $2.1M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +26.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 45%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Coriander Seeds, Crushed or Ground to Australia in 2022:

1. India (665.5 tons)
2. Malaysia (83.3 tons)
3. Canada (50.6 tons)

Exports of Coriander Seeds, Crushed or Ground in Australia

Coriander seeds, crushed or ground exports from Australia surged to 35 tons in 2022, with an increase of 517% compared with the year before. Overall, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, coriander seeds, crushed or ground exports surged to $103K in 2022. In general, exports posted a noticeable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Coriander Seeds, Crushed or Ground from Australia in 2022:

1. India (16.1 tons)
2. Fiji (10.0 tons)
3. Vietnam (4.6 tons)
4. Singapore (1.4 tons)
5. New Zealand (0.8 tons)
6. Malaysia (0.3 tons)

Source: IndexBox Market Intelligence Platform