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

Contents:

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

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

The average export price for coriander seeds, crushed or ground stood at $2,705 per ton in 2022, increasing by 18% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coriander seeds, crushed or ground export price increased by +103.3% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,718 per ton), while the average price for exports to Hong Kong SAR ($2,575 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for coriander seeds, crushed or ground amounted to $2,850 per ton, increasing by 23% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $3,563 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,635 per ton), while the price for Morocco ($2,279 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Coriander Seeds, Crushed or Ground in Canada

After three years of growth, shipments abroad of coriander seeds, crushed or ground decreased by -27.9% to 455 tons in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.2% 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 +16.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, the exports reached the peak of 632 tons, and then dropped dramatically in the following year.

In value terms, coriander seeds, crushed or ground exports contracted to $1.2M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $1.4M, and then reduced in the following year.

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

1. United States (364.2 tons)
2. Hong Kong SAR (47.5 tons)
3. Australia (43.0 tons)

Imports of Coriander Seeds, Crushed or Ground in Canada

For the fourth consecutive year, Canada recorded growth in purchases abroad of coriander seeds, crushed or ground, which increased by 3.9% to 500 tons in 2022. The total import volume increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 23%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, coriander seeds, crushed or ground imports skyrocketed to $1.4M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +62.3% 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 Canada in 2022:

1. India (368.4 tons)
2. United States (67.7 tons)
3. Morocco (20.2 tons)
4. Egypt (8.7 tons)
5. Pakistan (8.0 tons)
6. United Kingdom (0.1 tons)

Source: IndexBox Market Intelligence Platform