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

Contents:

1. Price for Coriander Seeds, Neither Crushed Nor Ground in the United States (CIF) - 2023
2. Price for Coriander Seeds, Neither Crushed Nor Ground in the United States (FOB) - 2022
3. Imports of Coriander Seeds, Neither Crushed Nor Ground in the United States
4. Exports of Coriander Seeds, Neither Crushed Nor Ground in the United States

Price for Coriander Seeds, Neither Crushed Nor Ground in the United States (CIF) - 2023

The average import price for coriander seeds, neither crushed nor ground stood at $2,008 per ton in December 2023, with an increase of 6% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 31% month-to-month. Over the period under review, average import prices hit record highs at $2,434 per ton in March 2023; however, from April 2023 to December 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Egypt ($4,407 per ton), while the price for India ($1,916 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+53.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for coriander seeds, neither crushed nor ground stood at $2,176 per ton in 2022, with an increase of 4.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 12% against the previous year. The export price peaked at $2,231 per ton in 2018; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($2,333 per ton) and Guatemala ($2,248 per ton), while the average price for exports to Jamaica ($1,656 per ton) and Israel ($1,732 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coriander Seeds, Neither Crushed Nor Ground in the United States

In 2022, the amount of coriander seeds, neither crushed nor ground imported into the United States dropped rapidly to 4.4K tons, declining by -17.5% on 2021 figures. Over the period under review, imports saw a slight setback. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 5.3K tons, and then declined remarkably in the following year.

In value terms, imports of coriander seeds, neither crushed nor ground fell modestly to $8.4M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +43.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports reached the peak of $8.5M, and then shrank modestly in the following year.

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

1. Canada (1782.9 tons)
2. India (1212.1 tons)
3. Bulgaria (391.8 tons)
4. Morocco (215.9 tons)
5. Mexico (156.2 tons)
6. Argentina (123.9 tons)
7. Egypt (112.6 tons)

Exports of Coriander Seeds, Neither Crushed Nor Ground in the United States

In 2022, after three years of growth, there was significant decline in shipments abroad of coriander seeds, neither crushed nor ground, when their volume decreased by -20.8% to 1K tons. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of 1.3K tons, and then shrank dramatically in the following year.

In value terms, exports of coriander seeds, neither crushed nor ground fell sharply to $2.2M in 2022. The total export value increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. As a result, the exports reached the peak of $2.7M, and then contracted significantly in the following year.

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

1. Thailand (334.6 tons)
2. Canada (247.0 tons)
3. Mexico (201.9 tons)
4. Israel (58.9 tons)
5. Jamaica (45.0 tons)
6. Guatemala (44.4 tons)
7. Dominican Republic (39.8 tons)

Source: IndexBox Market Intelligence Platform