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

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

The Mexican market for anise, badian, fennel and coriander contracted markedly to $X in 2021, waning by -X% against the previous year. Overall, consumption, however, recorded a resilient expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Anise, Badian, Fennel And Coriander in Mexico

In value terms, anise, badian, fennel and coriander production plummeted to $X in 2021 estimated in export prices. Over the period under review, production, however, showed a strong increase. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Anise, badian, fennel and coriander production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

In 2021, the average anise, badian, fennel and coriander yield in Mexico fell to X tons per ha, waning by -X% on 2020. Overall, the yield indicated a moderate increase from 2012 to 2021: its figure 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 yield decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2017 when the yield increased by X% y-o-y. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2021, the growth of the average anise, badian, fennel and coriander yield remained 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, the total area harvested in terms of anise, badian, fennel and coriander production in Mexico totaled X ha, with an increase of X% against 2020 figures. The harvested area 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 most prominent rate of growth was recorded in 2020 when the harvested area increased by X% y-o-y. The anise, badian, fennel and coriander harvested area peaked in 2021 and is likely to see steady growth in years to come.

Exports of Anise, Badian, Fennel And Coriander

Exports from Mexico

In 2021, approx. X tons of anise, badian, fennel and coriander were exported from Mexico; rising by X% on the previous year. Over the period under review, exports, however, recorded a abrupt descent. Over the period under review, the exports attained the maximum 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 soared to $X in 2021. Overall, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for anise, badian, fennel and coriander exports from Mexico, accounting for a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to the United States exceeded the volume sent to the second major destination, Belize (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (+X% per year) and Canada (-X% per year).

In value terms, the United States ($X) emerged as the key foreign market for anise, badian, fennel and coriander exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Belize ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (+X% per year) and Canada (-X% per year).

Export Prices by Country

The average export price for anise, badian, fennel and coriander stood at $X per ton in 2021, waning by -X% against the previous year. In general, the export price showed a mild curtailment. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Belize ($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 the United States (-X%), while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel And Coriander

Imports into Mexico

In 2021, after five years of growth, there was significant decline in purchases abroad of anise, badian, fennel and coriander, when their volume decreased by -X% to X tons. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth imports remained at a lower figure.

In value terms, anise, badian, fennel and coriander imports fell to $X in 2021. In general, imports, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest anise, badian, fennel and coriander supplier to Mexico, with a X% share of total imports. Moreover, anise, badian, fennel and coriander imports from India exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was occupied by Syrian Arab Republic (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-X% per year) and Syrian Arab Republic (-X% per year).

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

From 2012 to 2021, the average annual growth rate of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Spain (+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. In general, the import price, however, continues to indicate a noticeable decrease. Over the period under review, average import prices hit record highs 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 the United States ($X per ton), while the price for Syrian Arab Republic ($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 United States (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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