Hong Kong SAR, China: Market for Anise, Badian, Fennel And Coriander 2022

Market Size for Anise, Badian, Fennel And Coriander in Hong Kong SAR, China

The Hong Kong market for anise, badian, fennel and coriander reduced markedly to $X in 2021, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded resilient growth. Anise, badian, fennel and coriander consumption peaked at $X in 2020, and then declined significantly in the following year.

Exports of Anise, Badian, Fennel And Coriander

Exports from Hong Kong SAR, China

In 2021, overseas shipments of anise, badian, fennel and coriander decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander exports fell dramatically to $X in 2021. Overall, exports saw a tangible expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

China (X tons), the United States (X tons) and Australia (X tons) were the main destinations of anise, badian, fennel and coriander exports from Hong Kong SAR, with a combined X% share of total exports. These countries were followed by Canada and Sweden, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (+X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for anise, badian, fennel and coriander exported from Hong Kong SAR were the United States ($X), China ($X) and Australia ($X), together accounting for X% of total exports. These countries were followed by Canada and Sweden, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, among 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

The average export price for anise, badian, fennel and coriander stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2021: its price 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, anise, badian, fennel and coriander export price increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% year-to-year. As a result, the export price attained the peak level of $X per ton, and then fell rapidly in the following year.

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

Imports of Anise, Badian, Fennel And Coriander

Imports into Hong Kong SAR, China

In 2021, the amount of anise, badian, fennel and coriander imported into Hong Kong SAR fell rapidly to X tons, with a decrease of -X% compared with the year before. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, anise, badian, fennel and coriander imports fell remarkably to $X in 2021. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% y-o-y. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

India (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of anise, badian, fennel and coriander imports to Hong Kong SAR, together accounting for X% of total imports. The United States, Italy and Indonesia lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (+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 Hong Kong SAR were China ($X), India ($X) and Vietnam ($X), with a combined X% share of total imports. The United States, Indonesia and Italy lagged somewhat behind, together accounting for a further X terms of the main suppliers, Indonesia, with a CAGR of +X%, recorded the highest rates of growth with regard to 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

The average import price for anise, badian, fennel and coriander stood at $X per ton in 2021, dropping by -X% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2021: its price 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. The most prominent rate of growth was recorded in 2020 an increase of X% y-o-y. As a result, import price attained the peak level of $X per ton, and then fell significantly in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :