Price for Coriander Seeds, Neither Crushed Nor Ground in Malaysia - 2024

Contents:

1. Price for Coriander Seeds, Neither Crushed Nor Ground in Malaysia (CIF) - 2024
2. Price for Coriander Seeds, Neither Crushed Nor Ground in Malaysia (FOB) - 2022
3. Imports of Coriander Seeds, Neither Crushed Nor Ground in Malaysia
4. Exports of Coriander Seeds, Neither Crushed Nor Ground in Malaysia

Price for Coriander Seeds, Neither Crushed Nor Ground in Malaysia (CIF) - 2024

In January 2024, the average import price for coriander seeds, neither crushed nor ground amounted to $1,154 per ton, shrinking by -2.5% against the previous month. Over the period under review, the import price showed a noticeable decline. The most prominent rate of growth was recorded in July 2023 an increase of 32% month-to-month. The import price peaked at $1,744 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($1,179 per ton), while the price for Russia ($645 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Bulgaria (-0.2%), while the prices for the other major suppliers experienced a decline.

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

The average export price for coriander seeds, neither crushed nor ground stood at $1,568 per ton in 2022, with an increase of 12% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for coriander seeds, neither crushed nor ground increased by +72.8% against 2018 indices. The growth pace was the most rapid in 2019 when the average export price increased by 27%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($1,567 per ton), while the average price for exports to Singapore amounted to $1,297 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coriander Seeds, Neither Crushed Nor Ground in Malaysia

After two years of decline, supplies from abroad of coriander seeds, neither crushed nor ground increased by 11% to 15K tons in 2022. In general, imports, however, saw a relatively flat trend pattern.

In value terms, imports of coriander seeds, neither crushed nor ground skyrocketed to $25M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 +51.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. India (12.2K tons)
2. Russia (1.1K tons)
3. Bulgaria (0.8K tons)
4. Ukraine (0.1K tons)

Exports of Coriander Seeds, Neither Crushed Nor Ground in Malaysia

Exports of coriander seeds, neither crushed nor ground from Malaysia expanded sharply to 528 tons in 2022, rising by 11% compared with the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 38% against the previous year. As a result, the exports attained the peak of 730 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of coriander seeds, neither crushed nor ground surged to $828K in 2022. The total export value increased at an average annual rate of +10.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 36%. As a result, the exports reached the peak of $830K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Thailand (509.9 tons)
2. Singapore (13.7 tons)

Source: IndexBox Market Intelligence Platform