Price for Coriander Seeds, Crushed or Ground in the Philippines - 2023

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

The average import price for coriander seeds, crushed or ground stood at $2,364 per ton in 2022, rising by 13% against the previous year. Overall, import price indicated a prominent expansion from 2017 to 2022: its price increased at an average annual rate of +9.6% over the last five-year period. 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 +91.6% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 26%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Ukraine ($2,364 per ton) and Germany ($2,364 per ton), while the price for Singapore ($2,364 per ton) and India ($2,364 per ton) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for coriander seeds, crushed or ground stood at $2,118 per ton in 2022, rising by 39% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Montenegro amounted to -3.5% per year.

Imports of Coriander Seeds, Crushed or Ground in the Philippines

In 2022, purchases abroad of coriander seeds, crushed or ground decreased by -10.6% to 66 tons, falling for the second year in a row after two years of growth. Overall, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 9.2%. As a result, imports reached the peak of 99 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, coriander seeds, crushed or ground imports amounted to $156K in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 17%. As a result, imports reached the peak of $164K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Coriander Seeds, Crushed or Ground in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	93.1	89.7	109	96.0	1.0%
Singapore	45.1	69.7	35.0	32.9	-10.0%
Ukraine	0.2	0.7	2.2	23.7	391.2%
Germany	N/A	1.0	0.9	3.1	76.1%
Others	2.5	3.3	6.2	N/A	57.5%
Total	141	164	154	156	3.4%

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

India (40.6 tons)
Singapore (13.9 tons)
Ukraine (10.0 tons)
Germany (1.3 tons)

Exports of Coriander Seeds, Crushed or Ground in the Philippines

Coriander seeds, crushed or ground exports from the Philippines skyrocketed to 9.8 tons in 2022, increasing by 39,008% on the year before. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, coriander seeds, crushed or ground exports skyrocketed to $21K in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.