Price for Coriander Seeds, Neither Crushed Nor Ground in Sri Lanka - 2022

Price for Coriander Seeds, Neither Crushed Nor Ground in Sri Lanka (CIF) - 2022

The average import price for coriander seeds, neither crushed nor ground stood at $995 per ton in 2022, rising by 11% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 increased by +65.2% against 2016 indices. The growth pace was the most rapid in 2019 an increase of 42% against the previous year. Over the period under review, average import prices reached the peak figure at $1,067 per ton in 2013; however, from 2014 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 Spain ($1,312 per ton), while the price for Morocco ($741 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Coriander Seeds, Neither Crushed Nor Ground in Sri Lanka (FOB) - 2022

In 2022, the average export price for coriander seeds, neither crushed nor ground amounted to $4,336 per ton, growing by 62% against the previous year. Overall, the export price recorded a moderate expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($12,000 per ton), while the average price for exports to Germany ($2,108 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 Japan (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coriander Seeds, Neither Crushed Nor Ground in Sri Lanka

In 2022, after three years of growth, there was significant decline in overseas purchases of coriander seeds, neither crushed nor ground, when their volume decreased by -46.9% to 11K tons. In general, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 44%.

In value terms, imports of coriander seeds, neither crushed nor ground declined rapidly to $10M in 2022. Overall, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 48%.

Import of Coriander Seeds, Neither Crushed Nor Ground in Sri Lanka (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	0.6	0.7	1.9	3.2	74.7%
Russia	1.3	3.1	3.5	2.7	27.6%
Bulgaria	2.6	4.2	3.0	2.5	-1.3%
Ukraine	0.5	0.9	1.0	0.5	0.0%
Morocco	0.7	1.8	2.1	0.4	-17.0%
India	0.4	1.0	1.0	0.3	-9.1%
Spain	0.3	0.6	0.7	0.3	0.0%
Italy	0.9	0.7	0.1	0.1	-51.9%
Canada	0.4	0.2	0.2	N/A	-29.3%
Others	4.2	4.5	4.3	0.4	-54.3%
Total	11.8	17.5	17.7	10.5	-3.8%

Top Suppliers of Coriander Seeds, Neither Crushed Nor Ground to Sri Lanka in 2022:

Russia (3.1K tons)
Argentina (3.0K tons)
Bulgaria (2.4K tons)
Ukraine (0.6K tons)
Morocco (0.6K tons)
India (0.3K tons)
Spain (0.2K tons)
Italy (0.1K tons)

Exports of Coriander Seeds, Neither Crushed Nor Ground in Sri Lanka

In 2022, overseas shipments of coriander seeds, neither crushed nor ground decreased by -66.6% to 3 tons, falling for the second year in a row after two years of growth. Overall, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 19%. As a result, the exports reached the peak of 16 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of coriander seeds, neither crushed nor ground declined markedly to $13K in 2022. Over the period under review, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year. As a result, the exports reached the peak of $28K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Coriander Seeds, Neither Crushed Nor Ground in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	N/A	1.0	0.6	4.5	112.1%
United Kingdom	2.3	1.2	2.9	1.9	-6.2%
Maldives	1.4	1.0	1.1	1.5	2.3%
Germany	0.9	0.9	1.2	1.2	10.1%
United Arab Emirates	4.5	1.8	0.3	1.0	-39.4%
United States	0.2	1.0	0.1	0.9	65.1%
Denmark	0.1	0.2	0.3	0.4	58.7%
Malaysia	7.3	12.8	8.1	N/A	5.3%
Oman	1.8	0.8	0.6	N/A	-42.3%
Others	6.5	7.6	8.6	1.5	-38.7%
Total	25.0	28.4	23.9	12.9	-19.8%