Price for Coriander Seeds, Neither Crushed Nor Ground in Turkey - 2024

Contents:

1. Price for Coriander Seeds, Neither Crushed Nor Ground in Turkey (CIF) - 2024
2. Price for Coriander Seeds, Neither Crushed Nor Ground in Turkey (FOB) - 2024
3. Imports of Coriander Seeds, Neither Crushed Nor Ground in Turkey
4. Exports of Coriander Seeds, Neither Crushed Nor Ground in Turkey

Price for Coriander Seeds, Neither Crushed Nor Ground in Turkey (CIF) - 2024

In January 2024, the average import price for coriander seeds, neither crushed nor ground amounted to $646 per ton, waning by -15% against the previous month. Over the period under review, the import price recorded a perceptible curtailment. The pace of growth was the most pronounced in March 2023 an increase of 92% m-o-m. As a result, import price reached the peak level of $1,110 per ton. From April 2023 to January 2024, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Romania ($1,400 per ton), while the price for Syrian Arab Republic ($529 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Coriander Seeds, Neither Crushed Nor Ground in Turkey (FOB) - 2024

The average export price for coriander seeds, neither crushed nor ground stood at $852 per ton in January 2024, which is down by -27.9% against the previous month. Overall, the export price recorded a pronounced contraction. The pace of growth appeared the most rapid in November 2023 when the average export price increased by 101% m-o-m. The export price peaked at $1,827 per ton in April 2023; however, from May 2023 to January 2024, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Sweden ($2,062 per ton), while the average price for exports to Egypt ($400 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coriander Seeds, Neither Crushed Nor Ground in Turkey

In 2022, approx. 5.3K tons of coriander seeds, neither crushed nor ground were imported into Turkey; increasing by 74% compared with 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 112%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, imports of coriander seeds, neither crushed nor ground surged to $4.3M in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

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

1. Syrian Arab Republic (1493.6 tons)
2. Ukraine (1060.6 tons)
3. Russia (890.4 tons)
4. Italy (553.8 tons)
5. Romania (438.6 tons)
6. Iran (303.4 tons)
7. Bulgaria (245.9 tons)

Exports of Coriander Seeds, Neither Crushed Nor Ground in Turkey

In 2022, the amount of coriander seeds, neither crushed nor ground exported from Turkey surged to 1.9K tons, growing by 88% compared with the previous year. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 378%. As a result, the exports reached the peak of 2.3K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of coriander seeds, neither crushed nor ground surged to $2.3M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 187%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Egypt (750.8 tons)
2. India (200.0 tons)
3. Syrian Arab Republic (193.1 tons)
4. Sweden (141.2 tons)
5. South Africa (110.0 tons)
6. Saudi Arabia (75.7 tons)
7. Indonesia (60.0 tons)
8. Germany (56.4 tons)
9. Libya (53.3 tons)
10. United States (51.9 tons)
11. Malaysia (45.0 tons)
12. Israel (26.2 tons)

Source: IndexBox Market Intelligence Platform