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

Contents:

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

Price for Coriander Seeds, Crushed or Ground in Belgium (CIF) - 2022

The average import price for coriander seeds, crushed or ground stood at $2,155 per ton in 2022, increasing by 5.2% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 23%. As a result, import price attained the peak level of $2,718 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,620 per ton), while the price for Poland ($1,632 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+300.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for coriander seeds, crushed or ground stood at $2,803 per ton in 2022, declining by -7.6% against the previous year. In general, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 7.1%. Over the period under review, the average export prices hit record highs at $4,138 per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Ireland ($4,819 per ton), while the average price for exports to Spain ($2,414 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 Turkey (+9.6%), while the prices for the other major destinations experienced a decline.

Imports of Coriander Seeds, Crushed or Ground in Belgium

In 2022, supplies from abroad of coriander seeds, crushed or ground decreased by -2.3% to 582 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of 595 tons, and then dropped modestly in the following year.

In value terms, coriander seeds, crushed or ground imports amounted to $1.3M in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

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

1. Poland (238.8 tons)
2. Germany (116.5 tons)
3. Morocco (98.1 tons)
4. Turkey (56.3 tons)
5. India (39.2 tons)
6. Netherlands (24.6 tons)
7. Italy (0.1 tons)

Exports of Coriander Seeds, Crushed or Ground in Belgium

In 2022, the amount of coriander seeds, crushed or ground exported from Belgium rose significantly to 251 tons, surging by 11% compared with 2021 figures. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 82% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, coriander seeds, crushed or ground exports expanded to $703K in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 87%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. France (86.6 tons)
2. Germany (55.2 tons)
3. Netherlands (53.3 tons)
4. Ireland (29.1 tons)
5. United Kingdom (20.6 tons)
6. Spain (3.9 tons)

Source: IndexBox Market Intelligence Platform