Sri Lanka: Market for Anise, Badian, Fennel And Coriander 2022

Market Size for Anise, Badian, Fennel And Coriander in Sri Lanka

The Sri Lankan market for anise, badian, fennel and coriander contracted remarkably to $X in 2021, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a buoyant expansion 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 2019 indices. Anise, badian, fennel and coriander consumption peaked at $X in 2020, and then contracted dramatically in the following year.

Exports of Anise, Badian, Fennel And Coriander

Exports from Sri Lanka

In 2021, approx. X tons of anise, badian, fennel and coriander were exported from Sri Lanka; falling by -X% against the previous year. Overall, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then shrank rapidly in the following year.

In value terms, anise, badian, fennel and coriander exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons), the United States (X tons) and the Philippines (X tons) were the main destinations of anise, badian, fennel and coriander exports from Sri Lanka, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (+X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for anise, badian, fennel and coriander exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was occupied by the United States ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Canada (+X% per year).

Export Prices by Country

In 2021, the average export price for anise, badian, fennel and coriander amounted to $X per ton, growing by X% against the previous year. Overall, the export price continues to indicate a slight increase. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to the Philippines ($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 the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel And Coriander

Imports into Sri Lanka

In 2021, the amount of anise, badian, fennel and coriander imported into Sri Lanka shrank sharply to X tons, declining by -X% against the year before. Overall, total imports indicated a buoyant increase 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 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Imports peaked at X tons in 2020, and then fell rapidly in the following year.

In value terms, anise, badian, fennel and coriander imports fell notably to $X in 2021. Over the period under review, total imports indicated buoyant 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, imports increased by +X% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. Imports peaked at $X in 2020, and then contracted notably in the following year.

Imports by Country

India (X tons), Ukraine (X tons) and Spain (X tons) were the main suppliers of anise, badian, fennel and coriander imports to Sri Lanka, with a combined X% share of total imports. These countries were followed by Canada, Poland, Turkey, Pakistan and Romania, which together accounted for a further X 2012 to 2021, the biggest increases were in Poland (+X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Ukraine (+X% per year).

Import Prices by Country

In 2021, the average import price for anise, badian, fennel and coriander amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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