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

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

For the sixth year in a row, the Nigerien market for anise, badian, fennel and coriander recorded growth in sales value, which increased by X% to $X in 2021. In general, consumption posted a resilient expansion. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Production of Anise, Badian, Fennel And Coriander in Nigeria

In value terms, anise, badian, fennel and coriander production fell to $X in 2021 estimated in export prices. Over the period under review, production, however, showed a prominent increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Anise, badian, fennel and coriander production peaked at $X in 2020, and then reduced in the following year.

In 2021, the average anise, badian, fennel and coriander yield in Nigeria amounted to less than X kg per ha, flattening at the previous year. Overall, the yield recorded a relatively flat trend pattern. 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 Nigeria amounted to less than X ha, stabilizing at 2020. Over the period under review, the harvested area showed a relatively flat trend pattern.

Exports of Anise, Badian, Fennel And Coriander

Exports from Nigeria

Anise, badian, fennel and coriander exports from Nigeria declined rapidly to X kg in 2021, reducing by -X% against the previous year's figure. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of X% year-to-year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander exports declined significantly to $X in 2021. In general, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for anise, badian, fennel and coriander exports from Nigeria, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest.

Export Prices by Country

The average export price for anise, badian, fennel and coriander stood at $X per ton in 2021, surging by X% against the previous year. Overall, the export price, however, showed a deep setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to X% per year.

Imports of Anise, Badian, Fennel And Coriander

Imports into Nigeria

In 2021, supplies from abroad of anise, badian, fennel and coriander increased by X% to X tons, rising for the fifth consecutive year after two years of decline. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, anise, badian, fennel and coriander imports surged to $X in 2021. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of anise, badian, fennel and coriander to Nigeria, accounting for 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), threefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume 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 Turkey (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms 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 Turkey (+X% per year).

Import Prices by Country

In 2021, the average import price for anise, badian, fennel and coriander amounted to $X per ton, shrinking by -X% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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