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

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

In 2022, the average import price for coriander seeds, crushed or ground amounted to $4,780 per ton, falling by -1.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 13%. Over the period under review, average import prices hit record highs at $5,558 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($7,760 per ton), while the price for Germany ($3,417 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for coriander seeds, crushed or ground amounted to $24,054 per ton, waning by -10.5% against the previous year. Overall, the export price, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 an increase of 55%. Over the period under review, the average export prices hit record highs at $26,884 per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +28.2% per year.

Imports of Coriander Seeds, Crushed or Ground in Norway

For the fourth year in a row, Norway recorded growth in supplies from abroad of coriander seeds, crushed or ground, which increased by 3.5% to 34 tons in 2022. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, coriander seeds, crushed or ground imports amounted to $164K in 2022. The total import value increased at an average annual rate of +13.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 23%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Coriander Seeds, Crushed or Ground in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	39.9	51.7	56.7	53.2	10.1%
Romania	23.2	27.5	25.9	25.7	3.5%
Vietnam	4.7	7.4	7.4	19.3	60.1%
Netherlands	6.9	3.3	14.1	15.5	31.0%
Germany	0.6	3.7	4.2	12.8	177.3%
Russia	5.5	21.8	15.6	8.6	16.1%
Turkey	2.0	2.3	3.0	3.3	18.2%
Ukraine	16.3	4.1	4.8	1.2	-58.1%
Bulgaria	3.1	1.1	1.8	0.7	-39.1%
Others	11.1	15.9	27.7	24.0	29.3%
Total	113	139	161	164	13.2%

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

India (13.4 tons)
Vietnam (4.9 tons)
Romania (4.0 tons)
Germany (3.7 tons)
Netherlands (2.2 tons)
Russia (2.0 tons)
Turkey (0.6 tons)
Ukraine (0.3 tons)
Bulgaria (0.2 tons)

Exports of Coriander Seeds, Crushed or Ground in Norway

In 2022, after two years of growth, there was significant decline in overseas shipments of coriander seeds, crushed or ground, when their volume decreased by -38.6% to 297 kg. Over the period under review, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 87%. As a result, the exports reached the peak of 484 kg, and then dropped sharply in the following year.

In value terms, coriander seeds, crushed or ground exports declined remarkably to $7.1K in 2022. In general, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 107%. As a result, the exports reached the peak of $13K, and then contracted rapidly in the following year.