Panama: Market for Anise, Badian, Fennel And Coriander 2025

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

The Panamanian market for anise, badian, fennel and coriander fell remarkably to $X in 2022, reducing by -15.9% against the previous year. Over the period under review, consumption, however, posted significant growth. Over the period under review, the market reached the peak level at $X in 2021, and then shrank markedly in the following year.

Production of Anise, Badian, Fennel And Coriander in Panama

In value terms, anise, badian, fennel and coriander production totaled $X in 2022 estimated in export price. Overall, production saw a precipitous setback. The most prominent rate of growth was recorded in 2016 with a decrease of 99.9% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of anise, badian, fennel and coriander in Panama totaled less than X kg per ha in 2022, remaining relatively unchanged against the previous year's figure. Over the period under review, the yield continues to indicate 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 2022, approx. less than X ha of anise, badian, fennel and coriander were harvested in Panama; flattening at 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern.

Exports of Anise, Badian, Fennel And Coriander

Exports from Panama

In 2022, shipments abroad of anise, badian, fennel and coriander was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 838% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, anise, badian, fennel and coriander exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,022% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sri Lanka (X tons) was the main destination for anise, badian, fennel and coriander exports from Panama, with a approx. 93% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sri Lanka amounted to +42.9%.

In value terms, Sri Lanka ($X) also remains the key foreign market for anise, badian, fennel and coriander exports from Panama.

From 2012 to 2022, the average annual rate of growth in terms of value to Sri Lanka totaled +40.9%.

Export Prices by Country

In 2022, the average export price for anise, badian, fennel and coriander amounted to $X per ton, picking up by 5.9% against the previous year. Overall, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2015 an increase of 147%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to -1.4% per year.

Imports of Anise, Badian, Fennel And Coriander

Imports into Panama

In 2022, the amount of anise, badian, fennel and coriander imported into Panama shrank to X tons, with a decrease of -9.9% on the previous year's figure. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2017 with an increase of 1,361%. Over the period under review, imports reached the maximum at X tons in 2021, and then fell in the following year.

In value terms, anise, badian, fennel and coriander imports fell rapidly to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2017 when imports increased by 1,892% against the previous year. Imports peaked at $X in 2021, and then shrank notably in the following year.

Imports by Country

India (X tons), China (X tons) and the United States (X tons) were the main suppliers of anise, badian, fennel and coriander imports to Panama, together accounting for 62% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +100.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Egypt ($X) and China ($X) appeared to be the largest anise, badian, fennel and coriander suppliers to Panama, with a combined 61% share of total imports.

In terms of the main suppliers, India, with a CAGR of +96.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for anise, badian, fennel and coriander stood at $X per ton in 2022, dropping by -8% against the previous year. In general, the import price, however, recorded perceptible growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 173%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform