Price for Anise, Badian, Fennel and Coriander in the United States - 2023

Contents:

1. Price for Anise, Badian, Fennel and Coriander in the United States (CIF) - 2023
2. Price for Anise, Badian, Fennel and Coriander in the United States (FOB) - 2023
3. Imports of Anise, Badian, Fennel and Coriander in the United States
4. Exports of Anise, Badian, Fennel and Coriander in the United States

Price for Anise, Badian, Fennel and Coriander in the United States (CIF) - 2023

In August 2023, the average import price for anise, badian, fennel and coriander amounted to $2,769 per ton, standing approximately at the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 8.8% month-to-month. As a result, import price attained the peak level of $3,119 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Vietnam ($3,730 per ton), while the price for Austria ($1,637 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Finland (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Anise, Badian, Fennel and Coriander in the United States (FOB) - 2023

In August 2023, the average export price for anise, badian, fennel and coriander amounted to $2,888 per ton, rising by 2.5% against the previous month. Overall, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in September 2022 when the average export price increased by 87% against the previous month. As a result, the export price attained the peak level of $6,561 per ton. From October 2022 to August 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Trinidad and Tobago ($3,765 per ton), while the average price for exports to the Dominican Republic ($1,818 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Anise, Badian, Fennel and Coriander in the United States

In 2022, supplies from abroad of anise, badian, fennel and coriander decreased by -12.8% to 35K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 16%.

In value terms, anise, badian, fennel and coriander imports amounted to $100M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 11% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Anise, Badian, Fennel and Coriander to the United States in 2022:

1. India (17.3K tons)
2. Egypt (5.1K tons)
3. Turkey (3.1K tons)
4. Canada (2.9K tons)
5. Vietnam (1.3K tons)
6. Finland (1.2K tons)
7. China (0.7K tons)

Exports of Anise, Badian, Fennel and Coriander in the United States

In 2022, the amount of anise, badian, fennel and coriander exported from the United States was estimated at 2.7K tons, increasing by 8% compared with the year before. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, anise, badian, fennel and coriander exports skyrocketed to $9.7M in 2022. The total export value increased at an average annual rate of +12.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Anise, Badian, Fennel and Coriander from the United States in 2022:

1. Canada (1223.7 tons)
2. Thailand (335.0 tons)
3. Mexico (266.6 tons)
4. Brazil (186.8 tons)
5. Guatemala (65.0 tons)
6. Jamaica (61.5 tons)
7. Israel (58.9 tons)
8. Dominican Republic (57.9 tons)
9. India (50.1 tons)
10. Morocco (48.1 tons)
11. United Kingdom (45.3 tons)
12. Costa Rica (35.4 tons)
13. China (13.4 tons)

Source: IndexBox Market Intelligence Platform