Price for Coriander Seeds, Neither Crushed Nor Ground in Colombia - 2022

Contents:

1. Price for Coriander Seeds, Neither Crushed Nor Ground in Colombia (CIF) - 2022
2. Price for Coriander Seeds, Neither Crushed Nor Ground in Colombia (FOB) - 2022
3. Imports of Coriander Seeds, Neither Crushed Nor Ground in Colombia
4. Exports of Coriander Seeds, Neither Crushed Nor Ground in Colombia

Price for Coriander Seeds, Neither Crushed Nor Ground in Colombia (CIF) - 2022

The average import price for coriander seeds, neither crushed nor ground stood at $3,065 per ton in 2022, with an increase of 12% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for coriander seeds, neither crushed nor ground increased by +44.6% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of 40% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($5,636 per ton), while the price for Egypt ($1,561 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Coriander Seeds, Neither Crushed Nor Ground in Colombia (FOB) - 2022

The average export price for coriander seeds, neither crushed nor ground stood at $8,621 per ton in 2022, growing by 117% against the previous year. Overall, the export price recorded resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($73,067 per ton), while the average price for exports to Curacao ($2,280 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 France (+33.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Coriander Seeds, Neither Crushed Nor Ground in Colombia

For the fourth consecutive year, Colombia recorded growth in supplies from abroad of coriander seeds, neither crushed nor ground, which increased by 33% to 137 tons in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 214%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of coriander seeds, neither crushed nor ground surged to $421K in 2022. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 272%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Coriander Seeds, Neither Crushed Nor Ground to Colombia in 2022:

1. Italy (107.0 tons)
2. Egypt (9.3 tons)
3. United States (9.2 tons)
4. India (6.7 tons)
5. Brazil (5.0 tons)

Exports of Coriander Seeds, Neither Crushed Nor Ground in Colombia

In 2022, shipments abroad of coriander seeds, neither crushed nor ground decreased by -29.2% to 2.7 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 56%.

In value terms, exports of coriander seeds, neither crushed nor ground soared to $23K in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 87% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.

Top Export Markets for Coriander Seeds, Neither Crushed Nor Ground from Colombia in 2022:

1. United States (2407.0 kg)
2. Curacao (100.0 kg)
3. Guatemala (90.0 kg)
4. El Salvador (86.0 kg)

Source: IndexBox Market Intelligence Platform