Western Africa: Market for Anise, Badian, Fennel And Coriander 2022

Market Size for Anise, Badian, Fennel And Coriander in Western Africa

The West African market for anise, badian, fennel and coriander surged to $X in 2021, rising by X% against the previous year. Overall, consumption enjoyed a prominent expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Production of Anise, Badian, Fennel And Coriander in Western Africa

In value terms, anise, badian, fennel and coriander production shrank to $X in 2021 estimated in export prices. Overall, production saw temperate growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Nigeria (X tons) remains the largest anise, badian, fennel and coriander producing country in Western Africa, accounting for X% of total volume. It was followed by Mali (X tons), with a X% share of total production.

From 2012 to 2021, the average annual rate of growth in terms of volume in Nigeria amounted to +X%.

Production By Country in Western Africa

Nigeria (X tons) constituted the country with the largest volume of anise, badian, fennel and coriander production, accounting for X% of total volume. It was followed by Mali (X tons), with a X% share of total production.

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

Exports of Anise, Badian, Fennel And Coriander

Exports in Western Africa

In 2021, exports of anise, badian, fennel and coriander in Western Africa dropped markedly to X tons, with a decrease of -X% compared with 2020. In general, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander exports reduced rapidly to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ghana prevails in anise, badian, fennel and coriander exports structure, recording X tons, which was near X% of total exports in 2021. It was distantly followed by Mali (X tons), constituting a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to anise, badian, fennel and coriander exports from Ghana stood at -X%. At the same time, Mali (+X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +X% from 2012-2021. While the share of Mali (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Ghana (-X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest anise, badian, fennel and coriander supplier in Western Africa, comprising X% of total exports. The second position in the ranking was occupied by Mali ($X), with a X% share of total exports.

In Ghana, anise, badian, fennel and coriander exports contracted by an average annual rate of -X% over the period from 2012-2021.

Export Prices by Country

The export price for anise, badian, fennel and coriander in Western Africa stood at $X per ton in 2021, declining by -X% against the previous year. In general, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. The level of export peaked at $X per ton in 2020, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mali ($X per ton), while Ghana amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+X%).

Imports of Anise, Badian, Fennel And Coriander

Imports in Western Africa

In 2021, approx. X tons of anise, badian, fennel and coriander were imported in Western Africa; jumping by X% on 2020 figures. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, anise, badian, fennel and coriander imports skyrocketed to $X in 2021. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

Nigeria dominates anise, badian, fennel and coriander imports structure, accounting for X tons, which was approx. X% of total imports in 2021. It was distantly followed by Senegal (X tons), Togo (X tons) and Ghana (X tons), together mixing up a X% share of total imports. Niger (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the anise, badian, fennel and coriander imports, with a CAGR of +X% from 2012 to 2021. At the same time, Niger (+X%) and Ghana (+X%) displayed positive paces of growth. Togo experienced a relatively flat trend pattern. By contrast, Senegal (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nigeria and Niger increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported anise, badian, fennel and coriander in Western Africa, comprising X% of total imports. The second position in the ranking was occupied by Senegal ($X), with a X% share of total imports. It was followed by Togo, with an X% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled +X%. In the other countries, the average annual rates were as follows: Senegal (-X% per year) and Togo (+X% per year).

Import Prices by Country

In 2021, the import price for anise, badian, fennel and coriander in Western Africa amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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