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

Contents:

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

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

In 2022, the average import price for coriander seeds, crushed or ground amounted to $3,003 per ton, surging by 1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 18% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($3,196 per ton) and the Netherlands ($2,967 per ton), while the price for Turkey ($2,202 per ton) and Slovenia ($2,590 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for coriander seeds, crushed or ground stood at $2,044 per ton in 2022, approximately mirroring the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 39%. The export price peaked at $5,401 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($2,486 per ton), while the average price for exports to Germany amounted to $1,918 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Coriander Seeds, Crushed or Ground in Hungary

In 2022, overseas purchases of coriander seeds, crushed or ground decreased by -2% to 31 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year.

In value terms, coriander seeds, crushed or ground imports contracted slightly to $92K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 25%.

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

1. Netherlands (15.8 tons)
2. Germany (9.7 tons)
3. Turkey (2.6 tons)
4. Slovenia (1.8 tons)
5. Romania (0.5 tons)

Exports of Coriander Seeds, Crushed or Ground in Hungary

For the fourth year in a row, Hungary recorded growth in shipments abroad of coriander seeds, crushed or ground, which increased by 181% to 25 tons in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 954%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, coriander seeds, crushed or ground exports soared to $50K in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 773% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

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

1. Germany (21.7 tons)
2. Slovakia (0.8 tons)

Source: IndexBox Market Intelligence Platform