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

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

In 2021, the Singaporean market for anise, badian, fennel and coriander was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Anise, Badian, Fennel And Coriander

Exports from Singapore

In 2021, shipments abroad of anise, badian, fennel and coriander increased by X% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, anise, badian, fennel and coriander exports shrank modestly to $X in 2021. Overall, exports, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and Fiji (X tons) were the main destinations of anise, badian, fennel and coriander exports from Singapore, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were in Indonesia (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for anise, badian, fennel and coriander exported from Singapore were Fiji ($X), Malaysia ($X) and Brunei Darussalam ($X), with a combined X% share of total exports. Bangladesh, Indonesia, the Philippines, Mauritius, France, India and Vietnam lagged somewhat behind, together accounting for a further X the main countries of destination, Vietnam, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average export price for anise, badian, fennel and coriander amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Indonesia ($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 Mauritius (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel And Coriander

Imports into Singapore

In 2021, overseas purchases of anise, badian, fennel and coriander were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume 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 pace of growth was the most pronounced in 2013 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, anise, badian, fennel and coriander imports expanded notably to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of anise, badian, fennel and coriander to Singapore, 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, Bulgaria (X tons), sixfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+X% per year) and China (-X% per year).

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

From 2012 to 2021, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Malaysia (+X% per year).

Import Prices by Country

The average import price for anise, badian, fennel and coriander stood at $X per ton in 2021, reducing by -X% against the previous year. Overall, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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