Price for Anise, Badian, Fennel and Coriander in Austria - 2023

Contents:

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

Price for Anise, Badian, Fennel and Coriander in Austria (FOB) - 2023

In July 2023, the average export price for anise, badian, fennel and coriander amounted to $4,768 per ton, dropping by -29.9% against the previous month. In general, export price indicated a moderate expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, anise, badian, fennel and coriander export price decreased by -33.7% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 55% m-o-m. As a result, the export price attained the peak level of $7,583 per ton. From February 2023 to July 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Hungary ($9,172 per ton), while the average price for exports to the United Arab Emirates ($2,778 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Anise, Badian, Fennel and Coriander in Austria (CIF) - 2023

The average import price for anise, badian, fennel and coriander stood at $2,768 per ton in July 2023, waning by -12.4% against the previous month. Overall, import price indicated a modest increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, anise, badian, fennel and coriander import price decreased by -41.5% against February 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 46% m-o-m. As a result, import price attained the peak level of $4,729 per ton. From March 2023 to July 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($9,594 per ton), while the price for Bulgaria ($1,248 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Anise, Badian, Fennel and Coriander in Austria

In 2022, overseas shipments of anise, badian, fennel and coriander decreased by -11.2% to 2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29%.

In value terms, anise, badian, fennel and coriander exports reduced to $8M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 39%.

Top Export Markets for Anise, Badian, Fennel and Coriander from Austria in 2022:

1. Germany (1145.0 tons)
2. Russia (144.4 tons)
3. Italy (116.3 tons)
4. Poland (104.6 tons)
5. Slovakia (83.0 tons)
6. Croatia (74.2 tons)
7. Czech Republic (49.8 tons)
8. Hungary (45.4 tons)
9. Switzerland (40.8 tons)
10. United States (36.6 tons)

Imports of Anise, Badian, Fennel and Coriander in Austria

In 2022, the amount of anise, badian, fennel and coriander imported into Austria soared to 3.5K tons, increasing by 25% compared with the year before. The total import volume increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, anise, badian, fennel and coriander imports amounted to $8.9M in 2022. The total import value increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Anise, Badian, Fennel and Coriander to Austria in 2022:

1. Germany (662.8 tons)
2. Bulgaria (575.3 tons)
3. Poland (561.5 tons)
4. Lithuania (381.5 tons)
5. Egypt (256.2 tons)
6. Czech Republic (253.9 tons)
7. Finland (228.0 tons)
8. Russia (161.0 tons)
9. India (152.6 tons)

Source: IndexBox Market Intelligence Platform