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

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

The Vietnamese market for anise, badian, fennel and coriander was estimated at $X in 2021, remaining stable against the previous year. In general, consumption showed a sharp shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Anise, Badian, Fennel And Coriander in Vietnam

In value terms, anise, badian, fennel and coriander production declined to $X in 2021 estimated in export prices. In general, production recorded a slight setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Anise, badian, fennel and coriander production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

The average yield of anise, badian, fennel and coriander in Vietnam was estimated at X tons per ha in 2021, picking up by X% against the year before. Overall, the yield posted a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2021, the growth of the average 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.

The anise, badian, fennel and coriander harvested area in Vietnam expanded modestly to X ha in 2021, picking up by X% compared with the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous 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 years to come.

Exports of Anise, Badian, Fennel And Coriander

Exports from Vietnam

Anise, badian, fennel and coriander exports from Vietnam rose significantly to X tons in 2021, growing by X% on the year before. Overall, exports recorded a significant expansion. 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 remained at a lower figure.

In value terms, anise, badian, fennel and coriander exports amounted to $X in 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for anise, badian, fennel and coriander exports from Vietnam, accounting for a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to India exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. The third position in this ranking was occupied by the Netherlands (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and the Netherlands (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

In 2021, the average export price for anise, badian, fennel and coriander amounted to $X per ton, which is down by -X% against the previous year. In general, the export price showed a pronounced setback. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the highest prices were recorded for prices to Germany ($X per ton) and India ($X per ton), while the average price for exports to the Netherlands ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-X%), while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel And Coriander

Imports into Vietnam

In 2021, purchases abroad of anise, badian, fennel and coriander decreased by -X% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped in the following year.

In value terms, anise, badian, fennel and coriander imports dropped to $X in 2021. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest anise, badian, fennel and coriander supplier to Vietnam, accounting for a X% share of total imports. Moreover, anise, badian, fennel and coriander imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Ukraine (X tons) ranked third in terms of total imports 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: China (+X% per year) and Ukraine (-X% per year).

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

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

Import Prices by Country

In 2021, the average import price for anise, badian, fennel and coriander amounted to $X per ton, with a decrease of -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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