Price for Coriander Seeds, Crushed or Ground in Singapore - 2022

Contents:

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

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

In 2022, the average import price for coriander seeds, crushed or ground amounted to $2,724 per ton, growing by 56% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. 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 +89.2% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($3,053 per ton), while the price for India ($2,435 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for coriander seeds, crushed or ground stood at $2,206 per ton in 2022, with an increase of 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. The export price peaked at $2,429 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($3,482 per ton), while the average price for exports to Brunei Darussalam ($1,713 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coriander Seeds, Crushed or Ground in Singapore

In 2022, overseas purchases of coriander seeds, crushed or ground decreased by -13.7% to 253 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. As a result, imports reached the peak of 369 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coriander seeds, crushed or ground imports surged to $690K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.4% 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 +49.8% against 2019 indices. 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 Singapore in 2022:

1. India (152.3 tons)
2. Bangladesh (50.6 tons)
3. Malaysia (43.5 tons)

Exports of Coriander Seeds, Crushed or Ground in Singapore

In 2022, shipments abroad of coriander seeds, crushed or ground decreased by -12.9% to 42 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 176%. As a result, the exports reached the peak of 71 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, coriander seeds, crushed or ground exports reached $92K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 187% against the previous year. As a result, the exports attained the peak of $119K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Philippines (33.7 tons)
2. Malaysia (4.3 tons)
3. Brunei Darussalam (2.0 tons)

Source: IndexBox Market Intelligence Platform