Anise, Badian, Fennel And Coriander Market
The article discusses the global market trends for anise, badian, fennel, and coriander, forecasting a steady increase in consumption and production levels. India leads in both consumption and production, with significant growth rates observed. Export and import trends are also analyzed, showing resilient growth in total exports and imports. Prices have been on the rise, with China standing out as the highest-priced exporter. Overall, the market is expected to see continued growth in the coming years.
Market Forecast
Driven by increasing demand for anise, badian, fennel and coriander worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market volume to 3.9M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.7% for the period from 2022 to 2030, which is projected to bring the market value to $10.2B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Anise, Badian, Fennel And Coriander
After three years of growth, consumption of anise, badian, fennel and coriander decreased by -1.9% to 2.7M tons in 2022. Over the period under review, consumption, however, enjoyed a buoyant increase. Over the period under review, global consumption reached the peak volume at 2.8M tons in 2021, and then dropped slightly in the following year.
The size of the market for anise, badian, fennel and coriander worldwide stood at $6.1B in 2022, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a buoyant expansion. Global consumption peaked in 2022 and is likely to see steady growth in the immediate term.
Consumption By Country
The country with the largest volume of anise, badian, fennel and coriander consumption was India (1.6M tons), comprising approx. 58% of total volume. Moreover, anise, badian, fennel and coriander consumption in India exceeded the figures recorded by the second-largest consumer, Turkey (331K tons), fivefold. The third position in this ranking was taken by Mexico (133K tons), with a 4.9% share.
In India, anise, badian, fennel and coriander consumption expanded at an average annual rate of +15.0% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: Turkey (+42.9% per year) and Mexico (+9.1% per year).
In value terms, India ($3.6B) led the market, alone. The second position in the ranking was held by Turkey ($918M). It was followed by Mexico.
From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +14.9%. The remaining consuming countries recorded the following average annual rates of market growth: Turkey (+42.1% per year) and Mexico (+15.1% per year).
In 2022, the highest levels of anise, badian, fennel and coriander per capita consumption was registered in Turkey (3.9 kg per person), followed by India (1.1 kg per person), Mexico (1 kg per person) and Bangladesh (0.3 kg per person), while the world average per capita consumption of anise, badian, fennel and coriander was estimated at less than 0.1 kg per person.
From 2012 to 2022, the average annual growth rate of the anise, badian, fennel and coriander per capita consumption in Turkey totaled +40.9%. In the other countries, the average annual rates were as follows: India (+13.8% per year) and Mexico (+7.9% per year).
Production
World Production of Anise, Badian, Fennel And Coriander
In 2022, after three years of growth, there was decline in production of anise, badian, fennel and coriander, when its volume decreased by less than 0.1% to 2.8M tons. In general, production, however, continues to indicate a strong increase. The growth pace was the most rapid in 2017 when the production volume increased by 77% against the previous year. Over the period under review, global production hit record highs at 2.8M tons in 2021, and then fell in the following year. The general positive trend in terms output was largely conditioned by a strong increase of the harvested area and a temperate expansion in yield figures.
In value terms, anise, badian, fennel and coriander production expanded slightly to $5.3B in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 90% against the previous year. Global production peaked at $5.5B in 2020; however, from 2021 to 2022, production remained at a lower figure.
Production By Country
The country with the largest volume of anise, badian, fennel and coriander production was India (1.8M tons), comprising approx. 64% of total volume. Moreover, anise, badian, fennel and coriander production in India exceeded the figures recorded by the second-largest producer, Turkey (324K tons), sixfold. Mexico (133K tons) ranked third in terms of total production with a 4.8% share.
From 2012 to 2022, the average annual growth rate of volume in India stood at +12.8%. In the other countries, the average annual rates were as follows: Turkey (+38.0% per year) and Mexico (+9.4% per year).
Yield
The global average anise, badian, fennel and coriander yield contracted modestly to 1.2 tons per ha in 2022, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 when the yield increased by 17%. Over the period under review, the average anise, badian, fennel and coriander yield reached the maximum level at 1.2 tons per ha in 2021, and then reduced slightly in the following year.
Harvested Area
In 2022, approx. 2.4M ha of anise, badian, fennel and coriander were harvested worldwide; standing approx. at 2021 figures. Over the period under review, the harvested area enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 51%. The global harvested area peaked at 2.4M ha in 2020; afterwards, it flattened through to 2022.
Imports
World Imports of Anise, Badian, Fennel And Coriander
In 2022, after four years of growth, there was significant decline in purchases abroad of anise, badian, fennel and coriander, when their volume decreased by -12.1% to 577K tons. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. Over the period under review, global imports reached the maximum at 656K tons in 2021, and then contracted in the following year.
In value terms, anise, badian, fennel and coriander imports dropped to $1.3B in 2022. In general, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 22%. Over the period under review, global imports reached the peak figure at $1.3B in 2021, and then reduced modestly in the following year.
Imports By Country
India (55K tons), Bangladesh (48K tons), China (47K tons), the United States (35K tons), the United Arab Emirates (28K tons), Indonesia (27K tons), Pakistan (25K tons), Malaysia (24K tons), Turkey (21K tons), Germany (20K tons), Saudi Arabia (18K tons) and the UK (16K tons) represented roughly 63% of total imports in 2022. Sri Lanka (15K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +64.5%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest anise, badian, fennel and coriander importing markets worldwide were China ($121M), India ($118M) and the United States ($100M), with a combined 27% share of global imports.
Among the main importing countries, China, with a CAGR of +71.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average import price for anise, badian, fennel and coriander stood at $2,199 per ton in 2022, rising by 9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2017 an increase of 12%. Global import price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($3,130 per ton), while Pakistan ($865 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+7.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Anise, Badian, Fennel And Coriander
In 2022, overseas shipments of anise, badian, fennel and coriander decreased by -4.3% to 628K tons, falling for the second consecutive year after five years of growth. In general, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 23%. Over the period under review, the global exports hit record highs at 664K tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, anise, badian, fennel and coriander exports expanded slightly to $1.4B in 2022. Over the period under review, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 18% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.
Exports By Country
India was the main exporting country with an export of about 256K tons, which recorded 41% of total exports. It was distantly followed by Russia (91K tons), Syrian Arab Republic (36K tons) and Iran (32K tons), together comprising a 25% share of total exports. The United Arab Emirates (27K tons), Bulgaria (18K tons), Italy (18K tons), Vietnam (16K tons), Afghanistan (15K tons), Turkey (13K tons), China (12K tons) and Egypt (9.5K tons) held a minor share of total exports.
Exports from India increased at an average annual rate of +5.2% from 2012 to 2022. At the same time, Russia (+54.7%), the United Arab Emirates (+28.5%), Afghanistan (+28.4%), Iran (+17.9%), Vietnam (+14.3%), Italy (+11.4%), Turkey (+9.0%), Syrian Arab Republic (+4.0%) and China (+3.2%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the world, with a CAGR of +54.7% from 2012-2022. By contrast, Egypt (-1.7%) and Bulgaria (-4.9%) illustrated a downward trend over the same period. While the share of Russia (+14 p.p.), the United Arab Emirates (+3.6 p.p.), Iran (+3.2 p.p.) and Afghanistan (+2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Syrian Arab Republic (-1.8 p.p.), Egypt (-2 p.p.), Bulgaria (-6.4 p.p.) and India (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, India ($610M) remains the largest anise, badian, fennel and coriander supplier worldwide, comprising 43% of global exports. The second position in the ranking was held by China ($87M), with a 6.1% share of global exports. It was followed by Vietnam, with a 6% share.
In India, anise, badian, fennel and coriander exports increased at an average annual rate of +7.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (+11.2% per year) and Vietnam (+17.9% per year).
Export Prices By Country
In 2022, the average export price for anise, badian, fennel and coriander amounted to $2,260 per ton, with an increase of 6.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2021 an increase of 9.7% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($7,466 per ton), while Russia ($875 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the other global leaders experienced more modest paces of growth.
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