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

Contents:

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

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

In 2022, the average import price for coriander seeds, crushed or ground amounted to $2,364 per ton, rising by 13% against the previous year. Overall, import price indicated tangible growth from 2014 to 2022: its price increased at an average annual rate of +4.8% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coriander seeds, crushed or ground import price increased by +99.0% against 2017 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 56% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($2,364 per ton), while the price for Turkey ($2,364 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for coriander seeds, crushed or ground stood at $2,118 per ton in 2022, with an increase of 9.3% against the previous year. Over the period under review, the export price showed a noticeable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 100%. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Algeria ($2,118 per ton) and Morocco ($2,118 per ton), while the average price for exports to Kuwait ($2,118 per ton) and Canada ($2,118 per ton) were amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coriander Seeds, Crushed or Ground in Egypt

In 2022, approx. 314 tons of coriander seeds, crushed or ground were imported into Egypt; with a decrease of -12% on the previous year's figure. In general, imports showed a dramatic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 5.7%.

In value terms, coriander seeds, crushed or ground imports declined to $741K in 2022. Over the period under review, imports showed a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year.

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

1. Russia (203.3 tons)
2. Syrian Arab Republic (54.8 tons)
3. Turkey (50.9 tons)

Exports of Coriander Seeds, Crushed or Ground in Egypt

In 2022, approx. 21 tons of coriander seeds, crushed or ground were exported from Egypt; which is down by -80.3% against 2021 figures. Over the period under review, exports showed a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 118%. As a result, the exports attained the peak of 107 tons, and then shrank markedly in the following year.

In value terms, coriander seeds, crushed or ground exports dropped rapidly to $45K in 2022. In general, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 111% against the previous year. As a result, the exports attained the peak of $207K, and then declined rapidly in the following year.

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

1. United Arab Emirates (undefined tons)
2. Algeria (15.4 tons)
3. Canada (3.9 tons)
4. Morocco (1.0 tons)
5. Kuwait (0.5 tons)

Source: IndexBox Market Intelligence Platform