Price for Coriander Seeds, Crushed or Ground in the Netherlands - 2023

Contents:

1. Price for Coriander Seeds, Crushed or Ground in the Netherlands (FOB) - 2023
2. Price for Coriander Seeds, Crushed or Ground in the Netherlands (CIF) - 2023
3. Exports of Coriander Seeds, Crushed or Ground in the Netherlands
4. Imports of Coriander Seeds, Crushed or Ground in the Netherlands

Price for Coriander Seeds, Crushed or Ground in the Netherlands (FOB) - 2023

In June 2023, the average export price for coriander seeds, crushed or ground amounted to $3,604 per ton, dropping by -6% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 10% month-to-month. The export price peaked at $3,832 per ton in May 2023, and then declined in the following month.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Belgium ($4,989 per ton), while the average price for exports to Finland ($2,741 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Coriander Seeds, Crushed or Ground in the Netherlands (CIF) - 2023

In June 2023, the average import price for coriander seeds, crushed or ground amounted to $2,235 per ton, reducing by -7% against the previous month. Over the period under review, the import price continues to indicate a slight slump. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 136% m-o-m. Over the period under review, average import prices attained the maximum at $3,291 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($3,826 per ton), while the price for Russia ($1,422 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Coriander Seeds, Crushed or Ground in the Netherlands

In 2022, after three years of growth, there was significant decline in shipments abroad of coriander seeds, crushed or ground, when their volume decreased by -30.2% to 677 tons. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. As a result, the exports attained the peak of 970 tons, and then declined notably in the following year.

In value terms, coriander seeds, crushed or ground exports declined dramatically to $2.3M in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 125% against the previous year. As a result, the exports attained the peak of $4M, and then reduced sharply in the following year.

Top Export Markets for Coriander Seeds, Crushed or Ground from the Netherlands in 2022:

1. Germany (145.3 tons)
2. France (125.2 tons)
3. Italy (49.9 tons)
4. Finland (45.8 tons)
5. Sweden (38.6 tons)
6. United Kingdom (36.3 tons)
7. Dominican Republic (34.3 tons)
8. Belgium (24.6 tons)
9. Egypt (22.5 tons)
10. Portugal (22.4 tons)
11. Spain (15.1 tons)
12. Hungary (12.7 tons)
13. Turkey (11.0 tons)

Imports of Coriander Seeds, Crushed or Ground in the Netherlands

In 2022, approx. 800 tons of coriander seeds, crushed or ground were imported into the Netherlands; picking up by 4.8% compared with the previous year's figure. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 100% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, coriander seeds, crushed or ground imports surged to $2.1M in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 87%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Coriander Seeds, Crushed or Ground to the Netherlands in 2022:

1. India (242.4 tons)
2. Russia (199.6 tons)
3. Spain (161.3 tons)
4. Belgium (48.4 tons)
5. Germany (45.9 tons)
6. Vietnam (41.6 tons)
7. China (22.1 tons)
8. Morocco (14.0 tons)

Source: IndexBox Market Intelligence Platform