South-Eastern Asia: Market for Anise, Badian, Fennel And Coriander 2022

Market Size for Anise, Badian, Fennel And Coriander in South-Eastern Asia

The Southeast Asian market for anise, badian, fennel and coriander expanded rapidly to $X in 2021, surging by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2016 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Production of Anise, Badian, Fennel And Coriander in South-Eastern Asia

In value terms, anise, badian, fennel and coriander production fell to $X in 2021 estimated in export prices. Over the period under review, production showed a mild descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Vietnam (X tons) constituted the country with the largest volume of anise, badian, fennel and coriander production, comprising approx. X% of total volume.

In Vietnam, anise, badian, fennel and coriander production increased at an average annual rate of +X% over the period from 2012-2021.

The average anise, badian, fennel and coriander yield rose significantly to X tons per ha in 2021, with an increase of X% against the previous year's figure. Overall, the yield saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when the yield increased by X% year-to-year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2021, the growth of the anise, badian, fennel and coriander yield remained at a lower figure. 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 South-Eastern Asia rose to X ha, picking up by X% against 2020. In general, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 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 immediate term.

Production By Country in South-Eastern Asia

The country with the largest volume of anise, badian, fennel and coriander production was Vietnam (X tons), accounting for X% of total volume.

In Vietnam, anise, badian, fennel and coriander production expanded at an average annual rate of +X% over the period from 2012-2021.

Exports of Anise, Badian, Fennel And Coriander

Exports in South-Eastern Asia

Anise, badian, fennel and coriander exports stood at X tons in 2021, therefore, remained relatively stable against the year before. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, anise, badian, fennel and coriander exports contracted modestly to $X in 2021. In general, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, the exports reached the maximum at $X in 2020, and then reduced in the following year.

Exports by Country

Vietnam prevails in anise, badian, fennel and coriander exports structure, finishing at X tons, which was near X% of total exports in 2021. It was distantly followed by Singapore (X tons), constituting a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the anise, badian, fennel and coriander exports, with a CAGR of +X% from 2012 to 2021. Singapore (-X%) and Malaysia (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-X p.p.) and Malaysia (-X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest anise, badian, fennel and coriander supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-X% per year) and Malaysia (-X% per year).

Export Prices by Country

The export price for anise, badian, fennel and coriander in South-Eastern Asia stood at $X per ton in 2021, which is down by -X% against the previous year. Export price indicated perceptible growth from 2012 to 2021: its price 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, anise, badian, fennel and coriander export price increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. The level of export peaked at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Anise, Badian, Fennel And Coriander

Imports in South-Eastern Asia

In 2021, after three years of growth, there was decline in supplies from abroad of anise, badian, fennel and coriander, when their volume decreased by -X% to X tons. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by X% y-o-y. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander imports expanded to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

Indonesia (X tons) and Malaysia (X tons) dominates anise, badian, fennel and coriander imports structure, together constituting X% of total imports. Thailand (X tons) ranks next in terms of the total imports with an X% share, followed by Singapore (X%). Vietnam (X tons) and Myanmar (X tons) followed a long way behind the leaders.

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

In value terms, the largest anise, badian, fennel and coriander importing markets in South-Eastern Asia were Malaysia ($X), Indonesia ($X) and Thailand ($X), together accounting for X% of total imports. Singapore, Vietnam and Myanmar lagged somewhat behind, together accounting for a further X the main importing countries, Vietnam, with a CAGR of +X%, saw 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 import price for anise, badian, fennel and coriander in South-Eastern Asia stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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