Price for Coriander Seeds, Crushed or Ground in Panama - 2023
Contents:
- Price for Coriander Seeds, Crushed or Ground in Panama (CIF) - 2022
- Imports of Coriander Seeds, Crushed or Ground in Panama
Price for Coriander Seeds, Crushed or Ground in Panama (CIF) - 2022
The average import price for coriander seeds, crushed or ground stood at $3,909 per ton in 2022, waning by -24.5% against the previous year. Overall, the import price, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 53% against the previous year. Over the period under review, average import prices hit record highs at $6,133 per ton in 2020; however, from 2021 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 Germany ($11,714 per ton), while the price for Free Zones ($2,150 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Coriander Seeds, Crushed or Ground in Panama
In 2022, supplies from abroad of coriander seeds, crushed or ground decreased by -2.7% to 22 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of 23 tons, and then shrank slightly in the following year.
In value terms, coriander seeds, crushed or ground imports declined remarkably to $87K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year.
| Import of Coriander Seeds, Crushed or Ground in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.3 | 2.0 | 4.0 | 34.2 | 384.9% |
| United States | 31.7 | 31.2 | 34.8 | 15.9 | -20.5% |
| Free Zones | 0.5 | 0.6 | 4.4 | 10.1 | 172.3% |
| Germany | 2.2 | 5.5 | 7.4 | 9.1 | 60.5% |
| Canada | 7.5 | 33.8 | 51.7 | 7.5 | 0.0% |
| China | 1.0 | 1.3 | 2.1 | 5.5 | 76.5% |
| Romania | 13.3 | 8.5 | 6.3 | 3.8 | -34.1% |
| Bulgaria | 10.9 | N/A | N/A | N/A | 0% |
| Others | 4.3 | 12.1 | 7.6 | 0.9 | -40.6% |
| Total | 71.7 | 95.1 | 118 | 86.9 | 6.6% |
Top Suppliers of Coriander Seeds, Crushed or Ground to Panama in 2022:
- India (9.0 tons)
- Free Zones (4.7 tons)
- United States (3.5 tons)
- China (1.5 tons)
- Canada (1.4 tons)
- Romania (1.3 tons)
- Germany (0.8 tons)
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