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

Contents:

1. Price for Coriander Seeds, Crushed or Ground in the UK (CIF) - 2023
2. Price for Coriander Seeds, Crushed or Ground in the UK (FOB) - 2022
3. Imports of Coriander Seeds, Crushed or Ground in the UK
4. Exports of Coriander Seeds, Crushed or Ground in the UK

Price for Coriander Seeds, Crushed or Ground in the UK (CIF) - 2023

The average import price for coriander seeds, crushed or ground stood at $2,320 per ton in May 2023, which is down by -13.7% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 87% month-to-month. Over the period under review, average import prices attained the maximum at $2,689 per ton in April 2023, and then contracted in the following month.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Bulgaria ($8,482 per ton), while the price for Ukraine ($1,037 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for coriander seeds, crushed or ground stood at $2,966 per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the maximum at $3,301 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Ireland ($4,380 per ton), while the average price for exports to Italy ($1,564 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 the Netherlands (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coriander Seeds, Crushed or Ground in the UK

In 2022, coriander seeds, crushed or ground imports into the UK surged to 4.3K tons, growing by 22% on the year before. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, coriander seeds, crushed or ground imports rose markedly to $7.4M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 27%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

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

1. India (1823.3 tons)
2. Bulgaria (722.3 tons)
3. Russia (649.4 tons)
4. Turkey (327.5 tons)
5. Italy (181.8 tons)
6. Morocco (127.3 tons)
7. Argentina (120.8 tons)
8. Poland (93.0 tons)
9. Netherlands (25.3 tons)
10. France (0.7 tons)

Exports of Coriander Seeds, Crushed or Ground in the UK

In 2022, exports of coriander seeds, crushed or ground from the UK declined dramatically to 187 tons, which is down by -30.3% on the year before. Overall, exports faced a sharp descent. The smallest decline of -4.7% was in 2020.

In value terms, coriander seeds, crushed or ground exports declined rapidly to $556K in 2022. Over the period under review, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 9.1%. As a result, the exports reached the peak of $1.4M. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. Ireland (47.1 tons)
2. France (33.0 tons)
3. Turkey (27.0 tons)
4. Poland (25.1 tons)
5. Italy (11.5 tons)
6. Netherlands (9.8 tons)
7. Vietnam (7.4 tons)
8. Czech Republic (5.3 tons)
9. Germany (5.2 tons)

Source: IndexBox Market Intelligence Platform