Price for Coriander Seeds, Crushed or Ground in Ecuador - 2022

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

In 2022, the average import price for coriander seeds, crushed or ground amounted to $2,447 per ton, increasing by 3.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 54%. Over the period under review, average import prices attained the peak figure at $4,767 per ton in 2019; however, from 2020 to 2022, 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 United States ($5,657 per ton), while the price for Romania ($253 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2021, the average export price for coriander seeds, crushed or ground amounted to $8,818 per ton, remaining constant against the previous year. Over the period under review, the export price saw a mild expansion. The pace of growth appeared the most rapid in 2014 a decrease of -9.4% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2013 to 2021, the rate of growth in terms of prices for Peru amounted to -9.4% per year.

Imports of Coriander Seeds, Crushed or Ground in Ecuador

In 2022, approx. 4.2 tons of coriander seeds, crushed or ground were imported into Ecuador; which is down by -42.7% compared with 2021 figures. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 580%. As a result, imports reached the peak of 7.2 tons, and then dropped remarkably in the following year.

In value terms, coriander seeds, crushed or ground imports fell rapidly to $10K in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 438%. As a result, imports attained the peak of $17K, and then declined significantly in the following year.

Import of Coriander Seeds, Crushed or Ground in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2.1	0.6	5.6	5.2	35.3%
Ukraine	5.1	1.5	2.5	3.3	-13.5%
Germany	2.0	0.6	1.2	1.4	-11.2%
Romania	0.8	0.2	0.5	0.4	-20.6%
Spain	N/A	0.2	1.8	N/A	800.0%
Others	N/A	N/A	5.5	N/A	0%
Total	10.1	3.2	17.1	10.2	0.3%

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

Romania (1.4 tons)
Ukraine (1.3 tons)
United States (0.9 tons)
Germany (0.5 tons)

Exports of Coriander Seeds, Crushed or Ground in Ecuador

In 2021, approx. 11 kg of coriander seeds, crushed or ground were exported from Ecuador; flattening at the year before. Over the period under review, exports continue to indicate a prominent expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, coriander seeds, crushed or ground exports totaled $97 in 2021. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.