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

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

The MERCOSUR market for anise, badian, fennel and coriander reached $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Anise, Badian, Fennel And Coriander in MERCOSUR

In value terms, anise, badian, fennel and coriander production reached $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Argentina (X tons) constituted the country with the largest volume of anise, badian, fennel and coriander production, comprising approx. X% of total volume.

In Argentina, anise, badian, fennel and coriander production expanded at an average annual rate of X% over the period from 2012-2022.

In 2022, the average anise, badian, fennel and coriander yield in MERCOSUR soared to X tons per ha, growing by X% compared with the year before. The yield indicated a noticeable increase from 2012 to 2022: its figure 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 yield increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the yield increased by X% against the previous year. The level of yield peaked in 2022 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of anise, badian, fennel and coriander in MERCOSUR shrank slightly to X ha, with a decrease of X% on the year before. Over the period under review, the harvested area, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2015 with an increase of X%. The level of harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Exports of Anise, Badian, Fennel And Coriander

Exports in MERCOSUR

In 2022, overseas shipments of anise, badian, fennel and coriander increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander exports skyrocketed to $X in 2022. In general, exports posted a perceptible increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of anise, badian, fennel and coriander, namely Argentina, represented more than two-thirds of total export.

Argentina was also the fastest-growing in terms of the anise, badian, fennel and coriander exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) also remains the largest anise, badian, fennel and coriander supplier in MERCOSUR.

In Argentina, anise, badian, fennel and coriander exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price recorded a deep slump. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to X% per year.

Imports of Anise, Badian, Fennel And Coriander

Imports in MERCOSUR

Anise, badian, fennel and coriander imports dropped modestly to X tons in 2022, declining by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, anise, badian, fennel and coriander imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil was the largest importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Peru (X tons), Ecuador (X tons), Colombia (X tons), Paraguay (X tons) and Chile (X tons), together achieving a X% share of total imports. Argentina (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Paraguay (X%), Chile (X%), Argentina (X%), Ecuador (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. From 2012 to 2022, the share of Brazil and Paraguay increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported anise, badian, fennel and coriander in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

In Brazil, anise, badian, fennel and coriander imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Peru (X% per year) and Ecuador (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 Ecuador ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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