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

Contents:

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

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

The average import price for coriander seeds, neither crushed nor ground stood at $1,492 per ton in 2022, surging by 6.4% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +7.3%. The growth pace was the most rapid in 2021 an increase of 38% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($1,469 per ton) and Spain ($1,469 per ton), while the price for Bulgaria ($1,468 per ton) and China ($1,468 per ton) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for coriander seeds, neither crushed nor ground amounted to $1,443 per ton, rising by 14% against the previous year. In general, the export price, however, showed a mild setback. Over the period under review, the average export prices reached the peak figure at $3,550 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,443 per ton), while the average price for exports to Thailand amounted to $1,443 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+10.3%).

Imports of Coriander Seeds, Neither Crushed Nor Ground in the Philippines

Imports of coriander seeds, neither crushed nor ground into the Philippines expanded to 41 tons in 2022, with an increase of 3% against the previous year. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 107%. As a result, imports attained the peak of 70 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of coriander seeds, neither crushed nor ground amounted to $62K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.8% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 83%. As a result, imports attained the peak of $71K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Coriander Seeds, Neither Crushed Nor Ground in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India16.542.611.035.429.0%
SpainN/AN/AN/A12.60%
Singapore13.510.433.67.3-18.5%
China1.52.51.92.417.0%
Bulgaria0.50.60.31.026.0%
IndonesiaN/A5.7N/AN/A0%
Italy2.94.93.8N/A14.5%
Others4.24.75.62.8-12.6%
Total39.171.456.261.616.4%

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

  1. India (24.1 tons)
  2. Spain (8.6 tons)
  3. Singapore (5.0 tons)
  4. China (1.6 tons)
  5. Bulgaria (0.7 tons)

Exports of Coriander Seeds, Neither Crushed Nor Ground in the Philippines

In 2022, approx. 5 tons of coriander seeds, neither crushed nor ground were exported from the Philippines; reducing by -39.5% against the previous year's figure. Overall, exports continue to indicate a sharp downturn. The smallest decline of -28.3% was in 2021.

In value terms, exports of coriander seeds, neither crushed nor ground shrank dramatically to $7.2K in 2022. Over the period under review, exports saw a dramatic contraction. The smallest decline of -23.6% was in 2021.

Export of Coriander Seeds, Neither Crushed Nor Ground in the Philippines (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
Thailand13.79.36.0-33.8%
Hong Kong SARN/AN/A1.20%
NetherlandsN/A0.5N/A0%
OthersN/A0.6N/A0%
Total13.710.47.2-27.5%

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

  1. Thailand (4.2 tons)
  2. Hong Kong SAR (0.8 tons)

Source: IndexBox Market Intelligence Platform

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