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

Contents:

1. Price for Coriander Seeds, Crushed or Ground in India (FOB) - 2023
2. Price for Coriander Seeds, Crushed or Ground in India (CIF) - 2022
3. Exports of Coriander Seeds, Crushed or Ground in India
4. Imports of Coriander Seeds, Crushed or Ground in India

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

The average export price for coriander seeds, crushed or ground stood at $1,631 per ton in July 2023, which is down by -6.1% against the previous month. Over the period under review, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 9.1% month-to-month. The export price peaked at $2,177 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was the Netherlands ($2,352 per ton), while the average price for exports to Qatar ($1,151 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for coriander seeds, crushed or ground stood at $908 per ton in 2022, declining by -31% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 81% against the previous year. Over the period under review, average import prices hit record highs at $1,317 per ton in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,549 per ton), while the price for Russia stood at $828 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.6%), while the prices for the other major suppliers experienced a decline.

Exports of Coriander Seeds, Crushed or Ground in India

In 2022, coriander seeds, crushed or ground exports from India expanded slightly to 11K tons, growing by 3.2% on 2021. The total export volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 8.5%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, coriander seeds, crushed or ground exports skyrocketed to $22M in 2022. The total export value increased at an average annual rate of +11.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. South Africa (2079.5 tons)
2. United Kingdom (1567.8 tons)
3. United Arab Emirates (1262.6 tons)
4. United States (1151.5 tons)
5. Qatar (680.3 tons)
6. Australia (508.5 tons)
7. Saudi Arabia (481.8 tons)
8. Canada (332.5 tons)
9. Kuwait (285.6 tons)
10. Netherlands (272.4 tons)
11. Malaysia (239.0 tons)
12. Oman (220.6 tons)
13. Indonesia (183.0 tons)

Imports of Coriander Seeds, Crushed or Ground in India

In 2022, the amount of coriander seeds, crushed or ground imported into India soared to 736 tons, with an increase of 683% compared with the year before. In general, imports continue to indicate a significant increase. 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 surged to $668K in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Russia (720.0 tons)
2. Turkey (11.9 tons)

Source: IndexBox Market Intelligence Platform