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

Contents:

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

Price for Coriander Seeds, Crushed or Ground in Germany (FOB) - 2023

The average export price for coriander seeds, crushed or ground stood at $2,860 per ton in June 2023, declining by -33.5% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 37% m-o-m. The export price peaked at $4,301 per ton in May 2023, and then reduced dramatically in the following month.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Switzerland ($8,090 per ton), while the average price for exports to the United States ($1,036 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In June 2023, the average import price for coriander seeds, crushed or ground amounted to $2,412 per ton, picking up by 2.4% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 13% against the previous month. The import price peaked at $2,582 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($3,654 per ton), while the price for India ($1,994 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Romania (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Coriander Seeds, Crushed or Ground in Germany

In 2022, coriander seeds, crushed or ground exports from Germany rose slightly to 924 tons, surging by 1.6% compared with 2021 figures. The total export volume increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 29%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, coriander seeds, crushed or ground exports expanded significantly to $3M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.2% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 36% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

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

1. Belgium (132.1 tons)
2. Austria (132.0 tons)
3. France (109.4 tons)
4. Switzerland (102.1 tons)
5. Netherlands (84.2 tons)
6. Sweden (65.3 tons)
7. Denmark (52.8 tons)
8. Estonia (39.1 tons)
9. Czech Republic (34.8 tons)
10. Romania (27.8 tons)
11. Poland (27.8 tons)

Imports of Coriander Seeds, Crushed or Ground in Germany

Coriander seeds, crushed or ground imports into Germany stood at 1.6K tons in 2022, picking up by 14% compared with the year before. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, coriander seeds, crushed or ground imports soared to $3.4M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.3% 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 +83.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Poland (623.4 tons)
2. Romania (267.5 tons)
3. Turkey (250.1 tons)
4. Netherlands (195.3 tons)
5. Czech Republic (44.5 tons)
6. Russia (39.9 tons)
7. India (35.2 tons)
8. Ukraine (3.5 tons)
9. United Kingdom (0.1 tons)

Source: IndexBox Market Intelligence Platform