Price for Anise, Badian, Fennel and Coriander in Uruguay - 2022

Price for Anise, Badian, Fennel and Coriander in Uruguay (CIF) - 2022

In 2022, the average import price for anise, badian, fennel and coriander amounted to $2,085 per ton, growing by 17% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, anise, badian, fennel and coriander import price decreased by -11.2% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 54%. As a result, import price reached the peak level of $2,347 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($5,855 per ton), while the price for Argentina ($843 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Anise, Badian, Fennel and Coriander in Uruguay (FOB) - 2022

The average export price for anise, badian, fennel and coriander stood at $3,114 per ton in 2022, declining by -46.9% against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 45% against the previous year. As a result, the export price reached the peak level of $8,560 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -4.1% per year.

Imports of Anise, Badian, Fennel and Coriander in Uruguay

In 2022, imports of anise, badian, fennel and coriander into Uruguay contracted to 113 tons, dropping by -13.9% compared with 2021. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of 131 tons, and then dropped in the following year.

In value terms, anise, badian, fennel and coriander imports reached $236K in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Import of Anise, Badian, Fennel and Coriander in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Egypt	38.5	88.6	60.6	100	37.5%
Argentina	28.6	21.0	55.0	56.5	25.5%
India	4.4	1.7	8.6	16.8	56.3%
Canada	0.5	3.1	0.6	10.4	175.0%
Germany	28.5	9.9	33.3	N/A	8.1%
Syrian Arab Republic	8.7	12.3	13.0	N/A	22.2%
Others	44.0	43.5	62.4	51.8	5.6%
Total	153	180	234	236	15.5%

Top Suppliers of Anise, Badian, Fennel and Coriander to Uruguay in 2022:

Argentina (67.0 tons)
Egypt (32.9 tons)
India (6.3 tons)
Canada (1.8 tons)

Exports of Anise, Badian, Fennel and Coriander in Uruguay

In 2022, exports of anise, badian, fennel and coriander from Uruguay reduced to 70 kg, dropping by -7.9% against the year before. In general, exports continue to indicate a significant decline. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year.

In value terms, anise, badian, fennel and coriander exports dropped markedly to $218 in 2022. Overall, exports faced a sharp downturn. The smallest decline of -9.3% was in 2021.