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

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

The Bulgarian market for anise, badian, fennel and coriander shrank rapidly to $X in 2021, falling by -X% against the previous year. In general, consumption continues to indicate measured growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Anise, Badian, Fennel And Coriander in Bulgaria

In value terms, anise, badian, fennel and coriander production reduced to $X in 2021 estimated in export prices. Overall, production recorded buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

The average yield of anise, badian, fennel and coriander in Bulgaria was estimated at X tons per ha in 2021, growing by X% compared with 2020 figures. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. The anise, badian, fennel and coriander yield peaked at X tons per ha in 2013; however, from 2014 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of anise, badian, fennel and coriander were harvested in Bulgaria; which is down by -X% compared with 2020 figures. Over the period under review, the harvested area recorded a noticeable slump. The pace of growth was the most pronounced in 2014 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to anise, badian, fennel and coriander production reached the peak figure at X ha in 2015; however, from 2016 to 2021, the harvested area stood at a somewhat lower figure.

Exports of Anise, Badian, Fennel And Coriander

Exports from Bulgaria

In 2021, anise, badian, fennel and coriander exports from Bulgaria stood at X tons, increasing by X% on the year before. Over the period under review, exports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2019 when exports increased by X% year-to-year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, anise, badian, fennel and coriander exports rose sharply to $X in 2021. In general, exports, however, recorded a slight expansion. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for anise, badian, fennel and coriander exports from Bulgaria, accounting for a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to Indonesia exceeded the volume sent to the second major destination, India (X tons), twofold. Sri Lanka (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and Sri Lanka (-X% per year).

In value terms, the largest markets for anise, badian, fennel and coriander exported from Bulgaria were Indonesia ($X), India ($X) and Sri Lanka ($X), with a combined X% share of total exports.

India, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for anise, badian, fennel and coriander amounted to $X per ton, remaining stable against the previous year. In general, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Egypt ($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 South Africa (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel And Coriander

Imports into Bulgaria

In 2021, the amount of anise, badian, fennel and coriander imported into Bulgaria skyrocketed to X tons, surging by X% compared with the previous year's figure. Over the period under review, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth imports failed to regain momentum.

In value terms, anise, badian, fennel and coriander imports surged to $X in 2021. In general, imports posted strong growth. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of anise, badian, fennel and coriander to Bulgaria, 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, North Macedonia (X tons), twofold. Ukraine (X tons) ranked third in terms of total imports with a X% share.

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

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

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (+X% per year) and Albania (+X% per year).

Import Prices by Country

The average import price for anise, badian, fennel and coriander stood at $X per ton in 2021, picking up by X% against the previous year. Overall, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. The import price peaked at $X per ton in 2012; however, from 2013 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 Albania ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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