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

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

The Greek market for anise, badian, fennel and coriander reduced modestly to $X in 2021, flattening at the previous year. In general, consumption, however, saw a slight decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Anise, Badian, Fennel And Coriander in Greece

In value terms, anise, badian, fennel and coriander production stood at $X in 2021 estimated in export prices. Overall, production, however, continues to indicate a deep slump. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

In 2021, the average anise, badian, fennel and coriander yield in Greece reduced slightly to X tons per ha, waning by -X% against the year before. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. The anise, badian, fennel and coriander yield peaked at X tons per ha in 2020, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The anise, badian, fennel and coriander harvested area in Greece expanded slightly to X ha in 2021, increasing by X% against the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. The anise, badian, fennel and coriander harvested area peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Anise, Badian, Fennel And Coriander

Exports from Greece

In 2021, anise, badian, fennel and coriander exports from Greece surged to X tons, increasing by X% compared with the year before. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, anise, badian, fennel and coriander exports surged to $X in 2021. Over the period under review, exports showed a strong increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Cyprus (X tons), France (X tons) and Bulgaria (X tons) were the main destinations of anise, badian, fennel and coriander exports from Greece, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in France (+X%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2021, the average annual growth rate of value to Cyprus stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and Malta (+X% per year).

Export Prices by Country

In 2021, the average export price for anise, badian, fennel and coriander amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% y-o-y. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Germany (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Anise, Badian, Fennel And Coriander

Imports into Greece

In 2021, imports of anise, badian, fennel and coriander into Greece fell modestly to X tons, declining by -X% against 2020 figures. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, anise, badian, fennel and coriander imports skyrocketed to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Turkey (X tons) and Pakistan (X tons) were the main suppliers of anise, badian, fennel and coriander imports to Greece, together comprising X% of total imports. Italy, Bangladesh, Germany and Syrian Arab Republic lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest anise, badian, fennel and coriander suppliers to Greece were India ($X), Turkey ($X) and Italy ($X), with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for anise, badian, fennel and coriander amounted to $X per ton, picking up by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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