Price for Coriander Seeds, Neither Crushed Nor Ground in the UK - 2023

Contents:

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

Price for Coriander Seeds, Neither Crushed Nor Ground in the UK (CIF) - 2022

The average import price for coriander seeds, neither crushed nor ground stood at $1,746 per ton in 2022, with an increase of 15% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +66.9% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Morocco ($4,982 per ton), while the price for Russia ($1,084 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Coriander Seeds, Neither Crushed Nor Ground in the UK (FOB) - 2022

In 2022, the average export price for coriander seeds, neither crushed nor ground amounted to $3,777 per ton, shrinking by -25% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices reached the maximum at $6,067 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($12,303 per ton), while the average price for exports to Italy ($2,366 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 South Africa (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coriander Seeds, Neither Crushed Nor Ground in the UK

In 2022, approx. 4K tons of coriander seeds, neither crushed nor ground were imported into the UK; picking up by 20% compared with the previous year. The total import volume increased at an average annual rate of +13.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 29% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, imports of coriander seeds, neither crushed nor ground surged to $7M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Coriander Seeds, Neither Crushed Nor Ground to the UK in 2022:

1. India (1082.6 tons)
2. Bulgaria (1067.6 tons)
3. Argentina (508.7 tons)
4. Ukraine (435.9 tons)
5. Spain (232.7 tons)
6. Morocco (159.0 tons)
7. Russia (128.6 tons)

Exports of Coriander Seeds, Neither Crushed Nor Ground in the UK

In 2022, shipments abroad of coriander seeds, neither crushed nor ground increased by 51% to 195 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt contraction.

In value terms, exports of coriander seeds, neither crushed nor ground totaled $735K in 2022. Overall, exports, however, showed a deep downturn.

Top Export Markets for Coriander Seeds, Neither Crushed Nor Ground from the UK in 2022:

1. France (99.6 tons)
2. Netherlands (27.7 tons)
3. Japan (24.7 tons)
4. South Africa (11.9 tons)
5. Belgium (5.5 tons)
6. Ireland (3.9 tons)
7. Spain (3.9 tons)
8. Italy (2.0 tons)
9. Germany (1.4 tons)
10. United States (1.3 tons)
11. Israel (0.1 tons)

Source: IndexBox Market Intelligence Platform