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

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

In 2021, after nine years of growth, there was significant decline in the Bangladeshi market for anise, badian, fennel and coriander, when its value decreased by -X% to $X. Overall, consumption, however, showed a significant expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.

Exports of Anise, Badian, Fennel And Coriander

Exports from Bangladesh

In 2021, the amount of anise, badian, fennel and coriander exported from Bangladesh reduced to X tons, shrinking by -X% compared with 2020. Over the period under review, exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, anise, badian, fennel and coriander exports reduced to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value decreased 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, exports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. The exports peaked at $X in 2020, and then shrank in the following year.

Exports by Country

Malaysia (X tons) was the main destination for anise, badian, fennel and coriander exports from Bangladesh, accounting for a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to Malaysia exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was occupied by Bahrain (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Bahrain (+X% per year).

In value terms, Malaysia ($X), the United States ($X) and Greece ($X) appeared to be the largest markets for anise, badian, fennel and coriander exported from Bangladesh worldwide, together comprising X% of total exports. Italy, Australia, Bahrain, Singapore, Kuwait and Qatar lagged somewhat behind, together comprising a further X terms of the main countries of destination, Italy, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for anise, badian, fennel and coriander stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Bahrain ($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 Italy (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel And Coriander

Imports into Bangladesh

In 2021, after nine years of growth, there was significant decline in supplies from abroad of anise, badian, fennel and coriander, when their volume decreased by -X% to X tons. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, anise, badian, fennel and coriander imports reduced to $X in 2021. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

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

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

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

From 2012 to 2021, the average annual rate of growth in terms 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 Italy (+X% per year).

Import Prices by Country

In 2021, the average import price for anise, badian, fennel and coriander amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Egypt ($X per ton), while the price for Italy ($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 more modest paces of growth.

Source: IndexBox Platform

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