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

Contents:

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

Price for Coriander Seeds, Neither Crushed Nor Ground in Pakistan (CIF) - 2023

In July 2023, the average import price for coriander seeds, neither crushed nor ground amounted to $738 per ton, shrinking by -15.3% against the previous month. Over the period under review, import price indicated a moderate expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, import price for coriander seeds, neither crushed nor ground increased by +15.5% against March 2023 indices. The pace of growth was the most pronounced in November 2022 when the average import price increased by 50% month-to-month. The import price peaked at $872 per ton in June 2023, and then declined markedly in the following month.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Russia ($805 per ton) and Bulgaria ($787 per ton), while the price for China ($673 per ton) and Iran ($716 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Afghanistan (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for coriander seeds, neither crushed nor ground amounted to $1,282 per ton, reducing by -34.1% against the previous year. Over the period under review, the export price saw a deep downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 50% against the previous year. As a result, the export price attained the peak level of $3,107 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($2,134 per ton), while the average price for exports to Kuwait ($1,080 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 the United Arab Emirates (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Coriander Seeds, Neither Crushed Nor Ground in Pakistan

In 2022, supplies from abroad of coriander seeds, neither crushed nor ground decreased by -46.7% to 20K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. As a result, imports reached the peak of 37K tons, and then fell remarkably in the following year.

In value terms, imports of coriander seeds, neither crushed nor ground stood at $11M in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 75%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. Iran (18.1K tons)
2. Russia (1.0K tons)

Exports of Coriander Seeds, Neither Crushed Nor Ground in Pakistan

Exports of coriander seeds, neither crushed nor ground from Pakistan skyrocketed to 219 tons in 2022, with an increase of 1,818% on the year before. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of coriander seeds, neither crushed nor ground surged to $281K in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Saudi Arabia (167.0 tons)
2. Malaysia (20.0 tons)
3. Brazil (14.0 tons)
4. Kuwait (10.8 tons)

Source: IndexBox Market Intelligence Platform