Price for Coriander Seeds, Crushed or Ground in Vietnam - 2021

Contents:

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

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

The average export price for coriander seeds, crushed or ground stood at $1,925 per ton in 2022, growing by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2020 when the average export price increased by 34% against the previous year. The export price peaked at $2,034 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($2,010 per ton) and Sweden ($2,010 per ton), while the average price for exports to the UK ($1,550 per ton) and the Netherlands ($1,899 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for coriander seeds, crushed or ground amounted to $1,789 per ton, surging by 3.4% against the previous year. Over the last decade, it increased at an average annual rate of +4.7%. The most prominent rate of growth was recorded in 2013 an increase of 87%. As a result, import price attained the peak level of $2,113 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($1,847 per ton), while the price for Turkey totaled $1,754 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.8%), while the prices for the other major suppliers experienced a decline.

Exports of Coriander Seeds, Crushed or Ground in Vietnam

In 2022, the amount of coriander seeds, crushed or ground exported from Vietnam declined to 205 tons, falling by -6.8% on the previous year's figure. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year.

In value terms, coriander seeds, crushed or ground exports shrank modestly to $394K in 2022. The total export value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 7.5%. As a result, the exports reached the peak of $408K, and then contracted slightly in the following year.

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

1. Netherlands (64.1 tons)
2. Sweden (51.5 tons)
3. United States (38.4 tons)
4. Japan (24.6 tons)
5. United Kingdom (21.4 tons)
6. South Africa (4.5 tons)

Imports of Coriander Seeds, Crushed or Ground in Vietnam

In 2022, after two years of decline, there was significant growth in overseas purchases of coriander seeds, crushed or ground, when their volume increased by 42% to 9.4 tons. Over the period under review, imports, however, saw a abrupt contraction.

In value terms, coriander seeds, crushed or ground imports soared to $17K in 2022. Overall, imports, however, saw a abrupt contraction.

Top Suppliers of Coriander Seeds, Crushed or Ground to Vietnam in 2022:

1. Turkey (5.8 tons)
2. Malaysia (3.6 tons)

Source: IndexBox Market Intelligence Platform