Price for Anise, Badian, Fennel and Coriander in Colombia - 2022

Contents:

1. Price for Anise, Badian, Fennel and Coriander in Colombia (CIF) - 2022
2. Price for Anise, Badian, Fennel and Coriander in Colombia (FOB) - 2022
3. Imports of Anise, Badian, Fennel and Coriander in Colombia
4. Exports of Anise, Badian, Fennel and Coriander in Colombia

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

The average import price for anise, badian, fennel and coriander stood at $3,021 per ton in February 2022, rising by 13% against the previous month. Overall, the import price saw a notable expansion. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 168% against the previous month. As a result, import price reached the peak level of $6,556 per ton. From September 2021 to February 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Vietnam ($10,755 per ton), while the price for India ($2,493 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for anise, badian, fennel and coriander stood at $8,620 per ton in 2022, jumping by 118% against the previous year. Overall, the export price recorded a noticeable increase. Over the period under review, the average export prices reached the maximum at $10,409 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($73,067 per ton), while the average price for exports to Curacao ($2,280 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 El Salvador (+24.7%), while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel and Coriander in Colombia

In 2022, supplies from abroad of anise, badian, fennel and coriander decreased by -35.5% to 1.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of 2.3K tons, and then fell remarkably in the following year.

In value terms, anise, badian, fennel and coriander imports fell to $4.8M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of $5.6M, and then declined in the following year.

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

1. India (1116.3 tons)
2. Italy (107.0 tons)
3. Vietnam (51.1 tons)
4. Egypt (32.2 tons)
5. China (31.6 tons)
6. Haiti (25.0 tons)
7. Syrian Arab Republic (24.0 tons)

Exports of Anise, Badian, Fennel and Coriander in Colombia

In 2022, overseas shipments of anise, badian, fennel and coriander decreased by -31.4% to 2.7 tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% 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 decreased by -32.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 74% against the previous year. As a result, the exports reached the peak of 4 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, anise, badian, fennel and coriander exports skyrocketed to $23K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 116% against the previous year. As a result, the exports reached the peak of $25K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. United States (2407.0 kg)
2. Curacao (100.0 kg)
3. Guatemala (90.0 kg)
4. El Salvador (86.0 kg)

Source: IndexBox Market Intelligence Platform