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

Contents:

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

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

The average export price for coriander seeds, crushed or ground stood at $2,374 per ton in 2022, which is down by -9.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33%. As a result, the export price attained the peak level of $2,622 per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($3,754 per ton), while the average price for exports to Italy ($1,072 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 Portugal (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for coriander seeds, crushed or ground stood at $1,950 per ton in 2022, dropping by -43.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 102% against the previous year. As a result, import price attained the peak level of $3,462 per ton, and then shrank sharply in the following year.

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 Germany ($6,689 per ton), while the price for Portugal ($1,109 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+38.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Coriander Seeds, Crushed or Ground in Spain

After three years of growth, overseas shipments of coriander seeds, crushed or ground decreased by -61.2% to 396 tons in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 267% against the previous year. As a result, the exports attained the peak of 1K tons, and then fell dramatically in the following year.

In value terms, coriander seeds, crushed or ground exports dropped rapidly to $940K in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 388%. As a result, the exports attained the peak of $2.7M, and then reduced markedly in the following year.

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

1. France (135.1 tons)
2. United Kingdom (52.7 tons)
3. Portugal (33.7 tons)
4. Serbia (27.5 tons)
5. Russia (22.7 tons)
6. Italy (18.8 tons)
7. Germany (16.8 tons)
8. Netherlands (15.8 tons)
9. Belgium (14.7 tons)
10. Czech Republic (12.0 tons)
11. Cuba (10.5 tons)
12. Slovakia (9.4 tons)
13. United States (7.2 tons)

Imports of Coriander Seeds, Crushed or Ground in Spain

Coriander seeds, crushed or ground imports into Spain skyrocketed to 50 tons in 2022, rising by 132% on the year before. Overall, imports continue to indicate a buoyant expansion.

In value terms, coriander seeds, crushed or ground imports surged to $98K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.2% 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 +73.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 57%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

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

1. Portugal (34.0 tons)
2. India (5.1 tons)
3. Germany (3.5 tons)
4. France (3.1 tons)
5. Poland (2.3 tons)
6. Netherlands (1.2 tons)
7. United Kingdom (1.0 tons)

Source: IndexBox Market Intelligence Platform