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

Contents:

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

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

The average import price for coriander seeds, crushed or ground stood at $3,333 per ton in 2022, surging by 18% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The import price peaked at $3,883 per ton in 2012; however, from 2013 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 Morocco ($6,050 per ton), while the price for India ($2,611 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Coriander Seeds, Crushed or Ground in Japan (FOB) - 2022

In 2022, the average export price for coriander seeds, crushed or ground amounted to $14,753 per ton, leveling off at the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 6.5% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.6% per year.

Imports of Coriander Seeds, Crushed or Ground in Japan

In 2022, imports of coriander seeds, crushed or ground into Japan rose remarkably to 223 tons, surging by 5.5% on 2021. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 22%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, coriander seeds, crushed or ground imports soared to $742K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% 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 +55.2% against 2019 indices. 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 Japan in 2022:

1. India (151.7 tons)
2. Morocco (33.8 tons)
3. Vietnam (24.0 tons)
4. Bangladesh (6.3 tons)

Exports of Coriander Seeds, Crushed or Ground in Japan

In 2022, shipments abroad of coriander seeds, crushed or ground decreased by -33.3% to 900 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated measured growth from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year.

In value terms, coriander seeds, crushed or ground exports reduced notably to $13K in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year.

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

1. Singapore (900.0 kg)

Source: IndexBox Market Intelligence Platform