Latin America and the Caribbean: Market for Anise, Badian, Fennel And Coriander 2022

Market Size for Anise, Badian, Fennel And Coriander in Latin America and the Caribbean

The Latin American market for anise, badian, fennel and coriander contracted to $X in 2021, falling by -X% against the previous year. Over the period under review, consumption, however, posted a prominent expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Anise, Badian, Fennel And Coriander in Latin America and the Caribbean

In value terms, anise, badian, fennel and coriander production reduced to $X in 2021 estimated in export prices. Overall, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Mexico (X tons) remains the largest anise, badian, fennel and coriander producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, anise, badian, fennel and coriander production in Mexico exceeded the figures recorded by the second-largest producer, Argentina (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume in Mexico amounted to +X%. In the other countries, the average annual rates were as follows: Argentina (+X% per year) and Guatemala (+X% per year).

In 2021, the average anise, badian, fennel and coriander yield in Latin America and the Caribbean dropped to X tons per ha, falling by -X% on 2020 figures. The yield indicated a perceptible increase from 2012 to 2021: its figure 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, anise, badian, fennel and coriander yield decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. The level of yield peaked at X tons per ha in 2018; however, from 2019 to 2021, the yield stood at a somewhat 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 Latin America and the Caribbean; growing by X% compared with 2020. The total harvested area indicated resilient growth from 2012 to 2021: its figure 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, anise, badian, fennel and coriander harvested area increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2015 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 attained the maximum at X ha in 2016; however, from 2017 to 2021, the harvested area failed to regain momentum.

Production By Country in Latin America and the Caribbean

Mexico (X tons) constituted the country with the largest volume of anise, badian, fennel and coriander production, accounting for X% of total volume. Moreover, anise, badian, fennel and coriander production in Mexico exceeded the figures recorded by the second-largest producer, Argentina (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume in Mexico stood at +X%. In the other countries, the average annual rates were as follows: Argentina (+X% per year) and Guatemala (+X% per year).

Exports of Anise, Badian, Fennel And Coriander

Exports in Latin America and the Caribbean

In 2021, overseas shipments of anise, badian, fennel and coriander were finally on the rise to reach X tons after two years of decline. Overall, exports saw a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander exports shrank to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina prevails in anise, badian, fennel and coriander exports structure, reaching X tons, which was approx. X% of total exports in 2021. Chile (X tons) held a minor share of total exports.

Exports from Argentina increased at an average annual rate of +X% from 2012 to 2021. At the same time, Chile (+X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of Argentina and Chile increased by +X and +X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest anise, badian, fennel and coriander supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Chile ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Argentina amounted to +X%.

Export Prices by Country

In 2021, the export price for anise, badian, fennel and coriander in Latin America and the Caribbean amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Chile ($X per ton), while Argentina amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-X%).

Imports of Anise, Badian, Fennel And Coriander

Imports in Latin America and the Caribbean

Anise, badian, fennel and coriander imports declined markedly to X tons in 2021, waning 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 in certain years. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, anise, badian, fennel and coriander imports fell to $X in 2021. The total import value 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 in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by X% y-o-y. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Brazil was the key importer of anise, badian, fennel and coriander in Latin America and the Caribbean, with the volume of imports recording X tons, which was near X% of total imports in 2021. Peru (X tons) ranks second in terms of the total imports with a X% share, followed by Mexico (X%), Colombia (X%) and Ecuador (X%). Trinidad and Tobago (X tons), Honduras (X tons), Chile (X tons), Argentina (X tons), Cuba (X tons), Paraguay (X tons) and the Dominican Republic (X tons) held a relatively small share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of anise, badian, fennel and coriander. At the same time, Argentina (+X%), Colombia (+X%), Cuba (+X%), Peru (+X%), Ecuador (+X%), Mexico (+X%), Honduras (+X%), Trinidad and Tobago (+X%), Chile (+X%) and Paraguay (+X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, the Dominican Republic (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Colombia, Peru and Mexico increased by +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported anise, badian, fennel and coriander in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Peru ($X), with a X% share of total imports. It was followed by Mexico, with an X% share.

From 2012 to 2021, the average annual growth rate of value in Brazil was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Peru (+X% per year) and Mexico (+X% per year).

Import Prices by Country

In 2021, the import price for anise, badian, fennel and coriander in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2019; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Dominican Republic ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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