The import of coriander seeds to the UK is projected to increase steadily from 2024 to 2028. In 2023, the sector stood at approximately $9 million. The annual growth rate is modest, with minor year-on-year increases, reflecting a stable demand. Specifically, the value is expected to grow from $9.126 million in 2024 to $9.5095 million in 2028. Throughout this period, the Compound Annual Growth Rate (CAGR) suggests a consistent expansion of the market.
Future trends to watch for:
- Changes in consumer preferences possibly affecting demand for coriander seeds in the spice market.
- Potential impacts of trade policy adjustments post-Brexit on import dynamics and pricing.
- Influence of global coriander seed production cycles and climatic changes affecting availability.