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

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

In 2021, after six years of growth, there was significant decline in the Norwegian market for anise, badian, fennel and coriander, when its value decreased by -X% to $X. In general, consumption, however, recorded resilient growth. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Exports of Anise, Badian, Fennel And Coriander

Exports from Norway

In 2021, anise, badian, fennel and coriander exports from Norway soared to X tons, growing by X% against 2020 figures. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, anise, badian, fennel and coriander exports shrank sharply to $X in 2021. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X% y-o-y. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

Spain (X tons) was the main destination for anise, badian, fennel and coriander exports from Norway, with a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to Spain exceeded the volume sent to the second major destination, Sweden (X kg), sixfold. The third position in this ranking was occupied by Germany (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and Germany (-X% per year).

In value terms, the largest markets for anise, badian, fennel and coriander exported from Norway were Spain ($X), Sweden ($X) and Germany ($X), together comprising X% of total exports.

Among the main countries of destination, Spain, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for anise, badian, fennel and coriander amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when the average export price increased by X% y-o-y. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Spain ($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 mixed trend patterns.

Imports of Anise, Badian, Fennel And Coriander

Imports into Norway

In 2021, imports of anise, badian, fennel and coriander into Norway shrank remarkably to X tons, declining by -X% compared with the previous year. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume 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, imports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2020 with an increase of X% year-to-year. As a result, imports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, anise, badian, fennel and coriander imports dropped markedly to $X in 2021. In general, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% year-to-year. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of anise, badian, fennel and coriander to Norway, 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 Netherlands (X tons), fourfold. Syrian Arab Republic (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 totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Syrian Arab Republic (-X% per year).

In value terms, India ($X) constituted the largest supplier of anise, badian, fennel and coriander to Norway, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by the Czech Republic, with an 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 Netherlands (+X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

The average import price for anise, badian, fennel and coriander stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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