Price for Coriander Seeds, Neither Crushed Nor Ground in Azerbaijan - 2023
Contents:
- Price for Coriander Seeds, Neither Crushed Nor Ground in Azerbaijan (CIF) - 2022
- Imports of Coriander Seeds, Neither Crushed Nor Ground in Azerbaijan
Price for Coriander Seeds, Neither Crushed Nor Ground in Azerbaijan (CIF) - 2022
In 2022, the average import price for coriander seeds, neither crushed nor ground amounted to $1,022 per ton, dropping by -13.1% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for coriander seeds, neither crushed nor ground decreased by -16.2% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $1,219 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 India ($1,873 per ton), while the price for Russia ($800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Coriander Seeds, Neither Crushed Nor Ground in Azerbaijan
In 2022, approx. 87 tons of coriander seeds, neither crushed nor ground were imported into Azerbaijan; rising by 33% compared with 2021 figures. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.5% 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 +79.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of coriander seeds, neither crushed nor ground soared to $89K in 2022. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Coriander Seeds, Neither Crushed Nor Ground in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 17.8 | 11.3 | 38.8 | 50.5 | 41.6% |
| Russia | 6.8 | 0.1 | 12.1 | 30.4 | 64.7% |
| India | 7.9 | 23.2 | 16.0 | 6.5 | -6.3% |
| United Arab Emirates | 5.6 | 4.0 | 1.8 | 0.1 | -73.9% |
| Syrian Arab Republic | 3.8 | 11.3 | 2.1 | N/A | -25.7% |
| Others | 2.0 | 9.8 | 6.2 | 1.9 | -1.7% |
| Total | 43.9 | 59.5 | 77.1 | 89.3 | 26.7% |
Top Suppliers of Coriander Seeds, Neither Crushed Nor Ground to Azerbaijan in 2022:
- Iran (45.7 tons)
- Russia (38.0 tons)
- India (3.4 tons)
- United Arab Emirates (0.1 tons)
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