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

Contents:

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

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

In 2022, the average import price for coriander seeds, neither crushed nor ground amounted to $733 per ton, shrinking by -39.8% against the previous year. Overall, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 48%. The import price peaked at $1,218 per ton in 2021, and then declined notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($2,688 per ton), while the price for China stood at $613 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for coriander seeds, neither crushed nor ground stood at $2,098 per ton in 2022, increasing by 12% against the previous year. Overall, the export price saw strong 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 the Netherlands ($2,041 per ton), while the average price for exports to Ireland stood at $1,015 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.2%).

Imports of Coriander Seeds, Neither Crushed Nor Ground in Nigeria

In 2022, after three years of growth, there was significant decline in supplies from abroad of coriander seeds, neither crushed nor ground, when their volume decreased by -79.7% to 32 tons. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 94%. As a result, imports attained the peak of 157 tons, and then fell sharply in the following year.

In value terms, imports of coriander seeds, neither crushed nor ground reduced rapidly to $23K in 2022. Over the period under review, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 165%. As a result, imports attained the peak of $191K, and then dropped notably in the following year.

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

1. China (30.0 tons)
2. South Africa (1.8 tons)

Exports of Coriander Seeds, Neither Crushed Nor Ground in Nigeria

Exports of coriander seeds, neither crushed nor ground from Nigeria declined remarkably to 8 tons in 2022, which is down by -20% on the year before. Over the period under review, exports showed a sharp shrinkage. The smallest decline of -20% was in 2021.

In value terms, exports of coriander seeds, neither crushed nor ground fell to $17K in 2022. Overall, exports recorded a deep downturn. The smallest decline of -10.5% was in 2021.

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

1. Netherlands (4.0 tons)
2. Ireland (0.1 tons)

Source: IndexBox Market Intelligence Platform