Price for Coriander Seeds, Crushed or Ground in New Zealand - 2023
Contents:
- Price for Coriander Seeds, Crushed or Ground in New Zealand (CIF) - 2022
- Price for Coriander Seeds, Crushed or Ground in New Zealand (FOB) - 2022
- Imports of Coriander Seeds, Crushed or Ground in New Zealand
- Exports of Coriander Seeds, Crushed or Ground in New Zealand
Price for Coriander Seeds, Crushed or Ground in New Zealand (CIF) - 2022
In 2022, the average import price for coriander seeds, crushed or ground amounted to $3,130 per ton, increasing by 32% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% 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 import price increased by +52.3% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 65%. As a result, import price reached the peak level of $3,735 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($8,802 per ton), while the price for India ($2,902 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Coriander Seeds, Crushed or Ground in New Zealand (FOB) - 2022
The average export price for coriander seeds, crushed or ground stood at $8,903 per ton in 2022, waning by -27.2% against the previous year. Over the period under review, the export price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 37%. Over the period under review, the average export prices hit record highs at $12,232 per ton in 2021, and then fell rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($13,463 per ton), while the average price for exports to Samoa ($4,281 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 Samoa (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Coriander Seeds, Crushed or Ground in New Zealand
In 2022, the amount of coriander seeds, crushed or ground imported into New Zealand declined markedly to 121 tons, waning by -23% on the year before. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of 158 tons, and then fell markedly in the following year.
In value terms, coriander seeds, crushed or ground imports totaled $380K in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Coriander Seeds, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 253 | 240 | 323 | 328 | 9.0% |
| Australia | 20.2 | 22.0 | 24.2 | 21.6 | 2.3% |
| Ukraine | N/A | N/A | N/A | 19.8 | 0% |
| Turkey | 12.9 | 9.1 | 8.5 | 2.7 | -40.6% |
| Pakistan | 6.1 | 5.8 | 1.3 | N/A | -53.8% |
| Others | 8.9 | 24.2 | 17.3 | 8.3 | -2.3% |
| Total | 301 | 301 | 375 | 380 | 8.1% |
Top Suppliers of Coriander Seeds, Crushed or Ground to New Zealand in 2022:
- India (112.9 tons)
- Ukraine (3.9 tons)
- Australia (2.5 tons)
- Turkey (0.5 tons)
Exports of Coriander Seeds, Crushed or Ground in New Zealand
In 2022, overseas shipments of coriander seeds, crushed or ground were finally on the rise to reach 340 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a precipitous descent.
In value terms, coriander seeds, crushed or ground exports shrank significantly to $3K in 2022. In general, exports, however, continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 2.8% against the previous year.
| Export of Coriander Seeds, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.6 | 2.5 | 1.8 | 1.6 | 0.0% |
| Cook Islands | 1.3 | 0.9 | 1.2 | 0.9 | -11.5% |
| Samoa | 0.1 | N/A | 0.1 | 0.4 | 58.7% |
| Niue | N/A | N/A | N/A | 0.1 | 0% |
| Fiji | 18.1 | 0.1 | 0.2 | N/A | -89.5% |
| Others | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Total | 21.2 | 3.5 | 3.6 | 3.0 | -47.9% |
Top Export Markets for Coriander Seeds, Crushed or Ground from New Zealand in 2022:
- Cook Islands (122.0 kg)
- Australia (120.0 kg)
- Samoa (84.0 kg)
- Niue (12.0 kg)
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