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

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

The Bolivian market for anise, badian, fennel and coriander soared to $X in 2022, with an increase of 48% against the previous year. Overall, consumption posted pronounced growth. Anise, badian, fennel and coriander consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Anise, Badian, Fennel And Coriander in Bolivia

In value terms, anise, badian, fennel and coriander production totaled less than $X in 2022 estimated in export price. In general, production recorded a dramatic slump. The growth pace was the most rapid in 2015 when the production volume increased by 123%. Anise, badian, fennel and coriander production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The average yield of anise, badian, fennel and coriander in Bolivia stood at less than X kg per ha in 2022, standing approx. at the year before. Over the period under review, the yield continues to indicate 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 Bolivia; flattening at the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Anise, Badian, Fennel And Coriander

Exports from Bolivia

In 2022, anise, badian, fennel and coriander exports from Bolivia soared to X tons, increasing by 482% on 2021. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 3,922% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander exports soared to $X in 2022. In general, exports, however, faced a dramatic curtailment. The growth pace was the most rapid in 2021 when exports increased by 797%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for anise, badian, fennel and coriander exports from Bolivia, with a 97% share of total exports. It was followed by the United States (X tons), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Peru totaled -5.6%.

In value terms, Peru ($X) remains the key foreign market for anise, badian, fennel and coriander exports from Bolivia, comprising 91% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru totaled -9.6%.

Export Prices by Country

The average export price for anise, badian, fennel and coriander stood at $X per ton in 2022, with a decrease of -25.9% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 1,070%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Peru stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+24.2%), while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel And Coriander

Imports into Bolivia

In 2022, imports of anise, badian, fennel and coriander into Bolivia soared to X tons, increasing by 18% compared with 2021 figures. Over the period under review, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by 435%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander imports skyrocketed to $X in 2022. In general, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2020 when imports increased by 220%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of anise, badian, fennel and coriander to Bolivia, with a 87% share of total imports. Moreover, anise, badian, fennel and coriander imports from India exceeded the figures recorded by the second-largest supplier, North Macedonia (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (+43.6% per year) and Brazil (+11.4% per year).

In value terms, the largest anise, badian, fennel and coriander suppliers to Bolivia were India ($X), North Macedonia ($X) and the United States ($X), with a combined 82% share of total imports.

North Macedonia, with a CAGR of +45.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for anise, badian, fennel and coriander stood at $X per ton in 2022, jumping by 16% against the previous year. Over the period under review, the import price enjoyed measured growth. The most prominent rate of growth was recorded in 2015 an increase of 139% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was North Macedonia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform