Price for Coriander Seeds, Crushed or Ground in South Korea - 2022

Contents:

1. Price for Coriander Seeds, Crushed or Ground in South Korea (CIF) - 2022
2. Price for Coriander Seeds, Crushed or Ground in South Korea (FOB) - 2022
3. Imports of Coriander Seeds, Crushed or Ground in South Korea
4. Exports of Coriander Seeds, Crushed or Ground in South Korea

Price for Coriander Seeds, Crushed or Ground in South Korea (CIF) - 2022

In 2022, the average import price for coriander seeds, crushed or ground amounted to $2,922 per ton, jumping by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +6.1%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 43%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady 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 Malaysia ($5,650 per ton), while the price for China ($1,356 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+82.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Coriander Seeds, Crushed or Ground in South Korea (FOB) - 2022

In 2020, the average export price for coriander seeds, crushed or ground amounted to $2,368 per ton, which is down by -25.2% against the previous year. In general, the export price faced a deep reduction. The growth pace was the most rapid in 2019 a decrease of -13.5%. The export price peaked at $5,908 per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2013 to 2020, the rate of growth in terms of prices for Russia amounted to +26.1% per year.

Imports of Coriander Seeds, Crushed or Ground in South Korea

After three years of growth, purchases abroad of coriander seeds, crushed or ground decreased by -27.6% to 45 tons in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 80%.

In value terms, coriander seeds, crushed or ground imports declined to $131K in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 82% against the previous year.

Top Suppliers of Coriander Seeds, Crushed or Ground to South Korea in 2022:

1. India (31.1 tons)
2. China (2.6 tons)
3. Pakistan (2.5 tons)
4. Malaysia (2.5 tons)
5. Myanmar (2.0 tons)
6. Uzbekistan (2.0 tons)
7. United Kingdom (0.2 tons)

Exports of Coriander Seeds, Crushed or Ground in South Korea

In 2020, approx. 2 tons of coriander seeds, crushed or ground were exported from South Korea; picking up by 31% against 2019 figures. The total export volume increased at an average annual rate of +30.7% over the period from 2019 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coriander seeds, crushed or ground exports shrank to $4.7K in 2020. Over the period under review, exports, however, showed a noticeable downturn.

Top Export Markets for Coriander Seeds, Crushed or Ground from South Korea in 2022:

1. India (2.0 tons)

Source: IndexBox Market Intelligence Platform