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

Contents:

1. Price for Coriander Seeds, Crushed or Ground in the United States (CIF) - 2023
2. Price for Coriander Seeds, Crushed or Ground in the United States (FOB) - 2022
3. Imports of Coriander Seeds, Crushed or Ground in the United States
4. Exports of Coriander Seeds, Crushed or Ground in the United States

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

In July 2023, the average import price for coriander seeds, crushed or ground amounted to $2,233 per ton, shrinking by -11.8% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 17% month-to-month. The import price peaked at $2,633 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($2,940 per ton), while the price for Morocco ($1,808 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+40.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Coriander Seeds, Crushed or Ground in the United States (FOB) - 2022

The average export price for coriander seeds, crushed or ground stood at $2,344 per ton in 2022, reducing by -4% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2020 an increase of 10% against the previous year. As a result, the export price attained the peak level of $3,062 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($3,829 per ton), while the average price for exports to Morocco ($1,507 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 Morocco (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coriander Seeds, Crushed or Ground in the United States

For the fourth year in a row, the United States recorded growth in overseas purchases of coriander seeds, crushed or ground, which increased by 2% to 2.6K tons in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.0% 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 +68.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 55%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, coriander seeds, crushed or ground imports expanded to $5.8M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.5% 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 +75.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 37% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. India (1203.2 tons)
2. Egypt (499.1 tons)
3. Canada (379.3 tons)
4. Dominican Republic (164.1 tons)
5. Morocco (108.3 tons)
6. Russia (64.7 tons)
7. Turkey (41.4 tons)

Exports of Coriander Seeds, Crushed or Ground in the United States

In 2022, exports of coriander seeds, crushed or ground from the United States surged to 366 tons, rising by 28% against the previous year. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, coriander seeds, crushed or ground exports surged to $858K in 2022. The total export value increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Canada (231.6 tons)
2. Brazil (63.9 tons)
3. Morocco (48.1 tons)
4. Mexico (10.5 tons)
5. Dominican Republic (6.8 tons)

Source: IndexBox Market Intelligence Platform