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

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

In 2021, the Uruguayan market for anise, badian, fennel and coriander increased by X% to $X, rising for the third consecutive year after three years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Anise, badian, fennel and coriander consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Anise, Badian, Fennel And Coriander

Exports from Uruguay

In 2021, overseas shipments of anise, badian, fennel and coriander decreased by -X% to X kg, falling for the third consecutive year after seven years of growth. In general, exports continue to indicate a deep setback. 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 tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, anise, badian, fennel and coriander exports dropped sharply to $X in 2021. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X kg) was the main destination for anise, badian, fennel and coriander exports from Uruguay, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at -X%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to -X%.

Export Prices by Country

In 2021, the average export price for anise, badian, fennel and coriander amounted to $X per ton, dropping by -X% against the previous year. In general, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +X% per year.

Imports of Anise, Badian, Fennel And Coriander

Imports into Uruguay

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. Over the period under review, imports, however, showed a slight curtailment. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander imports dropped to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Egypt (X tons), Argentina (X tons) and India (X tons) were the main suppliers of anise, badian, fennel and coriander imports to Uruguay, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (+X%), while imports for the other leaders experienced a decline.

In value terms, Egypt ($X) constituted the largest supplier of anise, badian, fennel and coriander to Uruguay, comprising X% of total imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total imports.

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

Import Prices by Country

The average import price for anise, badian, fennel and coriander stood at $X per ton in 2021, shrinking by -X% against the previous year. Overall, import price indicated a slight increase 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 import price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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