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

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

The Venezuelan market for anise, badian, fennel and coriander fell rapidly to $X in 2021, which is down by -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). Over the period under review, consumption recorded a deep setback. Anise, badian, fennel and coriander consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Anise, Badian, Fennel And Coriander

Exports from Venezuela

In 2021, shipments abroad of anise, badian, fennel and coriander decreased by X% to less than X kg for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports showed a sharp shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. As a result, the exports reached the peak of X kg. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander exports stood at $less than X in 2021. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

El Salvador (X kg) was the main destination for anise, badian, fennel and coriander exports from Venezuela, with a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to El Salvador was relatively modest.

From 2012 to 2018, the average annual rate of growth in terms of value to El Salvador was relatively modest.

Export Prices by Country

In 2018, the average export price for anise, badian, fennel and coriander amounted to $X per ton, surging by X% against the previous year. Overall, the export price recorded a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2018, the rate of growth in terms of prices for El Salvador amounted to X% per year.

Imports of Anise, Badian, Fennel And Coriander

Imports into Venezuela

In 2021, the amount of anise, badian, fennel and coriander imported into Venezuela fell dramatically to X tons, with a decrease of -X% against 2020. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, anise, badian, fennel and coriander imports fell remarkably to $X in 2021. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X% year-to-year. Imports peaked at $X in 2013; however, from 2014 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 Venezuela, 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, Italy (X tons), eightfold. The third position in this ranking was occupied by Turkey (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2021, the average import price for anise, badian, fennel and coriander amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2016 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 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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