Price for Coriander Seeds, Neither Crushed Nor Ground in Morocco - 2023

Contents:

1. Price for Coriander Seeds, Neither Crushed Nor Ground in Morocco (FOB) - 2023
2. Price for Coriander Seeds, Neither Crushed Nor Ground in Morocco (CIF) - 2022
3. Exports of Coriander Seeds, Neither Crushed Nor Ground in Morocco
4. Imports of Coriander Seeds, Neither Crushed Nor Ground in Morocco

Price for Coriander Seeds, Neither Crushed Nor Ground in Morocco (FOB) - 2023

In June 2023, the average export price for coriander seeds, neither crushed nor ground amounted to $2,192 per ton, leveling off at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in February 2023 an increase of 10% against the previous month. Over the period under review, the average export prices attained the peak figure at $2,494 per ton in November 2022; however, from December 2022 to June 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Germany ($2,534 per ton), while the average price for exports to Sri Lanka ($1,660 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for coriander seeds, neither crushed nor ground stood at $1,193 per ton in 2022, with a decrease of -16.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 61% against the previous year. The import price peaked at $1,426 per ton in 2021, and then dropped remarkably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($1,484 per ton) and the United States ($1,472 per ton), while the price for Russia ($1,038 per ton) and Bulgaria ($1,069 per ton) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Coriander Seeds, Neither Crushed Nor Ground in Morocco

In 2022, approx. 7.4K tons of coriander seeds, neither crushed nor ground were exported from Morocco; declining by -40.4% against the previous year's figure. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 30%. As a result, the exports attained the peak of 12K tons, and then dropped remarkably in the following year.

In value terms, exports of coriander seeds, neither crushed nor ground dropped to $14M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $15M, and then declined in the following year.

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

1. Japan (4490.2 tons)
2. Netherlands (442.1 tons)
3. South Korea (393.0 tons)
4. Trinidad and Tobago (322.0 tons)
5. South Africa (320.5 tons)
6. United States (271.6 tons)
7. France (217.8 tons)
8. Sri Lanka (206.5 tons)
9. Egypt (138.0 tons)
10. Algeria (130.0 tons)

Imports of Coriander Seeds, Neither Crushed Nor Ground in Morocco

For the fourth year in a row, Morocco recorded growth in purchases abroad of coriander seeds, neither crushed nor ground, which increased by 159% to 877 tons in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 167% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of coriander seeds, neither crushed nor ground soared to $1M in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 163% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Bulgaria (299.0 tons)
2. Russia (242.0 tons)
3. France (133.9 tons)
4. Italy (104.4 tons)
5. United States (98.0 tons)

Source: IndexBox Market Intelligence Platform