Argentina: Market for Anise, Badian, Fennel And Coriander 2022

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

The Argentinian market for anise, badian, fennel and coriander fell remarkably to $X in 2021, dropping by -X% against the previous year. In general, consumption, however, continues to indicate a significant increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Anise, Badian, Fennel And Coriander in Argentina

In value terms, anise, badian, fennel and coriander production shrank to $X in 2021 estimated in export prices. Overall, production, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

In 2021, the average anise, badian, fennel and coriander yield in Argentina reduced to X kg per ha, which is down by -X% on the previous year's figure. In general, the yield showed a mild decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2021, the growth of the average anise, badian, fennel and coriander yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of anise, badian, fennel and coriander production in Argentina stood at X ha, surging by X% on 2020. Overall, the harvested area saw a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to anise, badian, fennel and coriander production reached the maximum at X ha in 2016; however, from 2017 to 2021, the harvested area stood at a somewhat lower figure.

Exports of Anise, Badian, Fennel And Coriander

Exports from Argentina

After two years of decline, overseas shipments of anise, badian, fennel and coriander increased by X% to X tons in 2021. In general, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, anise, badian, fennel and coriander exports dropped slightly to $X in 2021. Overall, exports posted a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X tons), Indonesia (X tons) and Sri Lanka (X tons) were the main destinations of anise, badian, fennel and coriander exports from Argentina, together accounting for X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (+X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the key foreign market for anise, badian, fennel and coriander exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Sri Lanka (+X% per year).

Export Prices by Country

The average export price for anise, badian, fennel and coriander stood at $X per ton in 2021, which is down by -X% against the previous year. Overall, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel And Coriander

Imports into Argentina

In 2021, overseas purchases of anise, badian, fennel and coriander decreased by -X% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of X% y-o-y. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, anise, badian, fennel and coriander imports dropped dramatically to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest anise, badian, fennel and coriander supplier to Argentina, accounting for a X% share of total imports. Moreover, anise, badian, fennel and coriander imports from India exceeded the figures recorded by the second-largest supplier, Egypt (X tons), tenfold. The third position in this ranking was occupied by Turkey (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and Turkey (+X% per year).

In value terms, India ($X) constituted the largest supplier of anise, badian, fennel and coriander to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Egypt ($X), with an X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+X% per year) and Spain (+X% per year).

Import Prices by Country

In 2021, the average import price for anise, badian, fennel and coriander amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Egypt ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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