Price for Coriander Seeds, Crushed or Ground in Turkey - 2023

Contents:

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

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

The average export price for coriander seeds, crushed or ground stood at $2,818 per ton in July 2023, growing by 28% against the previous month. Over the period under review, export price indicated a notable expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, coriander seeds, crushed or ground export price increased by +28.2% against June 2023 indices. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 56% against the previous month. Over the period under review, the average export prices hit record highs in July 2023.

Average prices varied somewhat for the major overseas markets. In July 2023, the country with the highest price was Australia ($3,745 per ton), while the average price for exports to the UK totaled $2,787 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for coriander seeds, crushed or ground stood at $1,327 per ton in 2022, with an increase of 1.8% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of 135% against the previous year. Over the period under review, average import prices reached the maximum at $4,426 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Romania ($1,910 per ton), while the price for Egypt ($1,002 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+42.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Coriander Seeds, Crushed or Ground in Turkey

In 2022, the amount of coriander seeds, crushed or ground exported from Turkey surged to 1.4K tons, jumping by 101% against 2021 figures. Overall, exports recorded a significant expansion. 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 surged to $2.7M in 2022. In general, exports showed a significant expansion. 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 Turkey in 2022:

1. South Africa (undefined tons)
2. United Kingdom (761.6 tons)
3. Germany (278.8 tons)
4. Egypt (123.5 tons)
5. Nigeria (48.0 tons)
6. Syrian Arab Republic (47.4 tons)
7. Denmark (40.5 tons)
8. Costa Rica (38.0 tons)
9. Australia (13.9 tons)

Imports of Coriander Seeds, Crushed or Ground in Turkey

In 2022, approx. 370 tons of coriander seeds, crushed or ground were imported into Turkey; rising by 110% compared with 2021. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, coriander seeds, crushed or ground imports surged to $491K in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Iran (151.7 tons)
2. Romania (78.5 tons)
3. Russia (57.7 tons)
4. Syrian Arab Republic (44.7 tons)
5. Egypt (36.4 tons)

Source: IndexBox Market Intelligence Platform