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

Price for Anise, Badian, Fennel and Coriander in Azerbaijan (CIF) - 2022

The average import price for anise, badian, fennel and coriander stood at $1,959 per ton in 2022, waning by -5.9% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, anise, badian, fennel and coriander import price increased by +74.6% against 2015 indices. The growth pace was the most rapid in 2013 an increase of 42% against the previous year. The import price peaked at $2,081 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($4,964 per ton), while the price for Russia ($809 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Anise, Badian, Fennel and Coriander in Azerbaijan (FOB) - 2022

In 2022, the average export price for anise, badian, fennel and coriander amounted to $3,119 per ton, shrinking by -82.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $17,461 per ton in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($15,000 per ton), while the average price for exports to Russia ($1,800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-21.6%).

Imports of Anise, Badian, Fennel and Coriander in Azerbaijan

In 2022, imports of anise, badian, fennel and coriander into Azerbaijan rose sharply to 338 tons, growing by 7.5% on the year before. The total import volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, anise, badian, fennel and coriander imports amounted to $662K in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Anise, Badian, Fennel and Coriander in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Syrian Arab Republic	22.4	19.1	65.2	180	100.3%
India	151	166	212	127	-5.6%
Iran	20.2	42.8	100	122	82.1%
Turkey	47.0	22.7	38.4	58.3	7.4%
Egypt	17.9	3.1	17.0	36.2	26.5%
Russia	5.5	0.2	0.4	30.8	77.6%
United Arab Emirates	142	87.8	36.8	15.2	-52.5%
Pakistan	3.9	2.4	0.4	10.7	40.0%
Others	29.2	72.4	184	82.5	41.4%
Total	440	417	654	662	14.6%

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

Syrian Arab Republic (91.3 tons)
Iran (87.1 tons)
India (57.1 tons)
Russia (38.1 tons)
Egypt (21.0 tons)
Turkey (11.7 tons)
Pakistan (7.0 tons)
United Arab Emirates (6.0 tons)

Exports of Anise, Badian, Fennel and Coriander in Azerbaijan

In 2022, the amount of anise, badian, fennel and coriander exported from Azerbaijan dropped markedly to 101 kg, declining by -47.1% compared with 2021 figures. Overall, exports recorded a precipitous decline.

In value terms, anise, badian, fennel and coriander exports dropped dramatically to $315 in 2022. Over the period under review, exports recorded a dramatic shrinkage.