Price for Coriander Seeds, Neither Crushed Nor Ground in South Korea - 2022

Contents:

1. Price for Coriander Seeds, Neither Crushed Nor Ground in South Korea (CIF) - 2022
2. Price for Coriander Seeds, Neither Crushed Nor Ground in South Korea (FOB) - 2022
3. Imports of Coriander Seeds, Neither Crushed Nor Ground in South Korea
4. Exports of Coriander Seeds, Neither Crushed Nor Ground in South Korea

Price for Coriander Seeds, Neither Crushed Nor Ground in South Korea (CIF) - 2022

In 2022, the average import price for coriander seeds, neither crushed nor ground amounted to $1,695 per ton, with an increase of 8.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 13%. Over the period under review, average import prices attained the maximum at $1,883 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 ($3,013 per ton), while the price for Egypt ($1,460 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Coriander Seeds, Neither Crushed Nor Ground in South Korea (FOB) - 2022

In 2022, the average export price for coriander seeds, neither crushed nor ground amounted to $34,000 per ton, surging by 1,110% against the previous year. In general, the export price showed significant growth. 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 Singapore.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +10.2% per year.

Imports of Coriander Seeds, Neither Crushed Nor Ground in South Korea

In 2022, imports of coriander seeds, neither crushed nor ground into South Korea dropped significantly to 375 tons, falling by -34.7% compared with the year before. Over the period under review, imports faced a deep reduction. The growth pace was the most rapid in 2021 with an increase of 33%. As a result, imports reached the peak of 575 tons, and then contracted significantly in the following year.

In value terms, imports of coriander seeds, neither crushed nor ground shrank sharply to $636K in 2022. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $902K, and then dropped sharply in the following year.

Top Suppliers of Coriander Seeds, Neither Crushed Nor Ground to South Korea in 2022:

1. Morocco (305.0 tons)
2. India (26.1 tons)
3. Egypt (14.0 tons)
4. Bulgaria (11.2 tons)
5. Russia (7.0 tons)

Exports of Coriander Seeds, Neither Crushed Nor Ground in South Korea

In 2022, exports of coriander seeds, neither crushed nor ground from South Korea shrank sharply to 1 kg, waning by -99.5% compared with the previous year's figure. Over the period under review, exports showed a dramatic slump. The smallest decline of -45.1% was in 2020.

In value terms, exports of coriander seeds, neither crushed nor ground reduced notably to $34 in 2022. Overall, exports saw a dramatic decline. The smallest decline of -44.3% was in 2020.

Top Export Markets for Coriander Seeds, Neither Crushed Nor Ground from South Korea in 2022:

1. Singapore (1.0 kg)

Source: IndexBox Market Intelligence Platform