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

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

The MERCOSUR market for anise, badian, fennel and coriander expanded significantly to $X in 2022, growing by 13% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.7% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Anise, Badian, Fennel And Coriander in MERCOSUR

In value terms, anise, badian, fennel and coriander production rose rapidly to $X in 2022 estimated in export price. The total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.7% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 66%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Argentina (X tons) remains the largest anise, badian, fennel and coriander producing country in MERCOSUR, accounting for 99% of total volume.

In Argentina, anise, badian, fennel and coriander production expanded at an average annual rate of +15.2% over the period from 2012-2022.

In 2022, the average anise, badian, fennel and coriander yield in MERCOSUR surged to X tons per ha, increasing by 71% compared with the year before. The yield indicated a strong increase from 2012 to 2022: its figure increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, anise, badian, fennel and coriander yield increased by +16.0% against 2018 indices. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of anise, badian, fennel and coriander production in MERCOSUR declined to X ha, waning by -1.7% compared with the previous year. Overall, the harvested area, however, posted a strong increase. The growth pace was the most rapid in 2015 when the harvested area increased by 85%. The level of harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Exports of Anise, Badian, Fennel And Coriander

Exports in MERCOSUR

In 2022, overseas shipments of anise, badian, fennel and coriander increased by 70% to X tons, rising for the second consecutive year after two years of decline. In general, exports posted a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 143% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander exports soared to $X in 2022. Overall, exports enjoyed a temperate increase. The growth pace was the most rapid in 2018 when exports increased by 76% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Argentina (X tons) represented the key exporter of anise, badian, fennel and coriander in MERCOSUR, making up 99% of total export.

Argentina was also the fastest-growing in terms of the anise, badian, fennel and coriander exports, with a CAGR of +10.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) also remains the largest anise, badian, fennel and coriander supplier in MERCOSUR.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina totaled +5.0%.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, reducing by -16.4% against the previous year. In general, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2014 when the export price increased by 29%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to -5.0% per year.

Imports of Anise, Badian, Fennel And Coriander

Imports in MERCOSUR

Anise, badian, fennel and coriander imports expanded significantly to X tons in 2022, increasing by 7.7% on the previous year. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; 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 34%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, anise, badian, fennel and coriander imports totaled $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 24%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil represented the major importer of anise, badian, fennel and coriander in MERCOSUR, with the volume of imports finishing at X tons, which was approx. 50% of total imports in 2022. It was distantly followed by Peru (X tons), Colombia (X tons), Ecuador (X tons) and Paraguay (X tons), together generating a 40% share of total imports. The following importers - Chile (X tons) and Argentina (X tons) - together made up 6.4% of total imports.

From 2012 to 2022, average annual rates of growth with regard to anise, badian, fennel and coriander imports into Brazil stood at +2.4%. At the same time, Paraguay (+7.1%), Peru (+5.8%), Colombia (+5.7%), Chile (+4.1%), Ecuador (+4.0%) and Argentina (+3.3%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +7.1% from 2012-2022. Peru (+4.6 p.p.), Colombia (+2.3 p.p.) and Paraguay (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -1.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported anise, badian, fennel and coriander in MERCOSUR, comprising 44% of total imports. The second position in the ranking was taken by Peru ($X), with a 19% share of total imports. It was followed by Ecuador, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +2.7%. The remaining importing countries recorded the following average annual rates of imports growth: Peru (+14.5% per year) and Ecuador (+3.9% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, increasing by 3.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 15%. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform