Latvia: Market for Anise, Badian, Fennel And Coriander 2024

Market Size for Anise, Badian, Fennel And Coriander in Latvia

The Latvian market for anise, badian, fennel and coriander dropped remarkably to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a mild setback. Anise, badian, fennel and coriander consumption peaked at $X in 2021, and then shrank notably in the following year.

Production of Anise, Badian, Fennel And Coriander in Latvia

In value terms, anise, badian, fennel and coriander production shrank remarkably to $X in 2022 estimated in export price. Overall, production, however, showed significant growth. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of anise, badian, fennel and coriander in Latvia stood at less than X kg per ha in 2022, approximately reflecting the year before. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of anise, badian, fennel and coriander were harvested in Latvia; remaining stable against the previous year. Overall, the harvested area recorded a relatively flat trend pattern.

Exports of Anise, Badian, Fennel And Coriander

Exports from Latvia

In 2022, shipments abroad of anise, badian, fennel and coriander increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports posted resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, anise, badian, fennel and coriander exports skyrocketed to $X in 2022. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Romania (X tons) and Poland (X tons) were the main destinations of anise, badian, fennel and coriander exports from Latvia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for anise, badian, fennel and coriander exports from Latvia, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Romania (X% per year).

Export Prices by Country

The average export price for anise, badian, fennel and coriander stood at $X per ton in 2022, dropping by X% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Pakistan ($X 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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel And Coriander

Imports into Latvia

In 2022, supplies from abroad of anise, badian, fennel and coriander decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, anise, badian, fennel and coriander imports reduced rapidly to $X in 2022. In general, imports, however, recorded resilient growth. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

Poland (X tons), Finland (X tons) and Lithuania (X tons) were the main suppliers of anise, badian, fennel and coriander imports to Latvia, with a combined X% share of total imports. Russia, Egypt, Estonia and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Finland ($X) and Lithuania ($X) were the largest anise, badian, fennel and coriander suppliers to Latvia, together comprising X% of total imports. Egypt, India, Russia and Estonia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Egypt, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for anise, badian, fennel and coriander amounted to $X per ton, falling by X% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% 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 increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell significantly in the following year.

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 India ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :