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

Contents:

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

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

In 2022, the average import price for coriander seeds, neither crushed nor ground amounted to $1,354 per ton, surging by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 31% against the previous year. The import price peaked at $1,642 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($1,354 per ton) and India ($1,354 per ton), while the price for Italy ($1,354 per ton) and Bulgaria ($1,354 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for coriander seeds, neither crushed nor ground stood at $1,467 per ton in 2022, surging by 32% against the previous year. Over the period under review, the export price, however, showed a pronounced curtailment. The export price peaked at $2,121 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,467 per ton), while the average price for exports to Italy ($1,466 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 United States (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Coriander Seeds, Neither Crushed Nor Ground in Vietnam

In 2022, purchases abroad of coriander seeds, neither crushed nor ground decreased by -18.5% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 404% against the previous year.

In value terms, imports of coriander seeds, neither crushed nor ground dropped to $2.6M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 422%.

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

1. Italy (1400.9 tons)
2. Russia (197.4 tons)
3. India (146.2 tons)
4. Bulgaria (117.3 tons)

Exports of Coriander Seeds, Neither Crushed Nor Ground in Vietnam

In 2022, overseas shipments of coriander seeds, neither crushed nor ground decreased by -75.8% to 2.6 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a significant decline. The growth pace was the most rapid in 2020 when exports increased by 157% against the previous year. As a result, the exports reached the peak of 18 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 dropped notably to $3.9K in 2022. In general, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 176% against the previous year. As a result, the exports attained the peak of $22K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. United States (937.0 kg)
2. Canada (898.0 kg)
3. Italy (791.0 kg)

Source: IndexBox Market Intelligence Platform