Price for Coriander Seeds, Crushed or Ground in Sri Lanka - 2021
Contents:
- Price for Coriander Seeds, Crushed or Ground in Sri Lanka (CIF) - 2022
- Price for Coriander Seeds, Crushed or Ground in Sri Lanka (FOB) - 2022
- Imports of Coriander Seeds, Crushed or Ground in Sri Lanka
- Exports of Coriander Seeds, Crushed or Ground in Sri Lanka
Price for Coriander Seeds, Crushed or Ground in Sri Lanka (CIF) - 2022
In 2022, the average import price for coriander seeds, crushed or ground amounted to $1,358 per ton, with an increase of 93% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $1,406 per ton in 2012; afterwards, it flattened through to 2022.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +3.3% per year.
Price for Coriander Seeds, Crushed or Ground in Sri Lanka (FOB) - 2022
In 2022, the average export price for coriander seeds, crushed or ground amounted to $3,965 per ton, picking up by 30% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 export price increased by +62.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($21,091 per ton), while the average price for exports to Hong Kong SAR ($1,687 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 Qatar (+33.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Coriander Seeds, Crushed or Ground in Sri Lanka
In 2022, supplies from abroad of coriander seeds, crushed or ground decreased by -96.3% to 7.5 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. As a result, imports attained the peak of 289 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, coriander seeds, crushed or ground imports contracted rapidly to $10K in 2022. In general, imports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 46%. As a result, imports reached the peak of $283K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Coriander Seeds, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.2 | 7.8 | 7.3 | 10.2 | 104.1% |
| Bulgaria | 0.3 | 24.9 | 9.4 | N/A | 459.8% |
| Russia | 25.1 | 104 | 29.2 | N/A | 7.9% |
| Malaysia | 38.0 | 84.1 | 33.1 | N/A | -6.7% |
| Canada | 129 | 62.4 | 65.0 | N/A | -29.0% |
| Others | 0.5 | N/A | 0.5 | N/A | 0.0% |
| Total | 194 | 283 | 145 | 10.2 | -62.5% |
Top Suppliers of Coriander Seeds, Crushed or Ground to Sri Lanka in 2022:
- India (7.5 tons)
Exports of Coriander Seeds, Crushed or Ground in Sri Lanka
In 2022, shipments abroad of coriander seeds, crushed or ground decreased by -54.4% to 4.1 tons, falling for the second year in a row after two years of growth. In general, exports, however, saw noticeable growth. The growth pace was the most rapid in 2020 with an increase of 270% against the previous year. As a result, the exports reached the peak of 14 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, coriander seeds, crushed or ground exports declined significantly to $16K in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 278%. As a result, the exports attained the peak of $35K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Coriander Seeds, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 0.2 | 0.6 | 1.7 | 5.7 | 205.5% |
| United Kingdom | 1.0 | 4.9 | 1.3 | 3.8 | 56.0% |
| Italy | 0.2 | 3.4 | 2.4 | 1.8 | 108.0% |
| Australia | 0.1 | 1.2 | 0.7 | 1.5 | 146.6% |
| Singapore | N/A | 0.1 | 0.7 | 1.4 | 274.2% |
| United States | 0.1 | 1.5 | 3.8 | 0.6 | 81.7% |
| France | 1.7 | 7.0 | 5.1 | 0.5 | -33.5% |
| Hong Kong SAR | N/A | N/A | N/A | 0.2 | 0% |
| United Arab Emirates | 0.7 | 1.4 | 0.9 | 0.1 | -47.7% |
| Cyprus | 1.4 | 3.8 | 0.9 | N/A | -19.8% |
| Oman | 3.2 | 6.3 | 2.0 | N/A | -20.9% |
| Others | 0.7 | 5.3 | 7.8 | 0.6 | -5.0% |
| Total | 9.3 | 35.2 | 27.3 | 16.3 | 20.6% |
Top Export Markets for Coriander Seeds, Crushed or Ground from Sri Lanka in 2022:
- Maldives (1994.0 kg)
- United Kingdom (968.0 kg)
- Australia (246.0 kg)
- France (240.0 kg)
- United States (154.0 kg)
- Singapore (132.0 kg)
- Hong Kong SAR (116.0 kg)
- Italy (87.0 kg)
- United Arab Emirates (60.0 kg)
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