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

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

In 2021, the Slovak market for anise, badian, fennel and coriander decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value 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, consumption increased by +X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Anise, Badian, Fennel And Coriander in Slovakia

In value terms, anise, badian, fennel and coriander production reached $X in 2021 estimated in export prices. Overall, production, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Anise, badian, fennel and coriander production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

In 2021, the average yield of anise, badian, fennel and coriander in Slovakia dropped to X tons per ha, reducing by -X% on 2020. Overall, the yield, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2021, the growth of the average anise, badian, fennel and coriander yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of anise, badian, fennel and coriander were harvested in Slovakia; growing by X% against the previous year. Over the period under review, the harvested area enjoyed strong growth. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to anise, badian, fennel and coriander production reached the maximum in 2021 and is expected to retain growth in the near future.

Exports of Anise, Badian, Fennel And Coriander

Exports from Slovakia

In 2021, shipments abroad of anise, badian, fennel and coriander increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander exports expanded slightly to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for anise, badian, fennel and coriander exports from Slovakia, accounting for a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), fourfold. Hungary (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Hungary (+X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for anise, badian, fennel and coriander exports from Slovakia, comprising X% of total exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports. It was followed by Hungary, with an X% share.

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

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. In general, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, anise, badian, fennel and coriander export price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Hungary ($X per ton), while the average price for exports to Poland ($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 Hungary (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Anise, Badian, Fennel And Coriander

Imports into Slovakia

In 2021, the amount of anise, badian, fennel and coriander imported into Slovakia dropped sharply to X tons, shrinking by -X% on 2020. Over the period under review, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2019 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander imports amounted to $X in 2021. In general, total imports indicated a modest expansion from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of anise, badian, fennel and coriander to Slovakia, accounting for a X% share of total imports. Moreover, anise, badian, fennel and coriander imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. The third position in this ranking was occupied by Lithuania (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-X% per year) and Lithuania (-X% per year).

In value terms, the largest anise, badian, fennel and coriander suppliers to Slovakia were Poland ($X), the Czech Republic ($X) and Lithuania ($X), together comprising X% of total imports.

Poland, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 2021, with an increase of X% against the previous year. In general, the import price continues to indicate a tangible increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($X per ton), while the price for Albania ($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 Czech Republic (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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