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

Contents:

1. Price for Anise, Badian, Fennel and Coriander in Finland (CIF) - 2023
2. Price for Anise, Badian, Fennel and Coriander in Finland (FOB) - 2022
3. Imports of Anise, Badian, Fennel and Coriander in Finland
4. Exports of Anise, Badian, Fennel and Coriander in Finland

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

In July 2023, the average import price for anise, badian, fennel and coriander amounted to $8,219 per ton, with an increase of 2.2% against the previous month. In general, import price indicated a prominent increase from July 2022 to July 2023: its price increased at an average monthly rate of +5.7% over the last twelve-month period. 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 -21.7% against May 2023 indices. The growth pace was the most rapid in May 2023 an increase of 104% m-o-m. As a result, import price attained the peak level of $10,494 per ton. From June 2023 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Denmark ($19,459 per ton), while the price for the Netherlands ($7,503 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 Spain (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for anise, badian, fennel and coriander stood at $5,065 per ton in 2022, declining by -47% against the previous year. In general, the export price, however, showed a buoyant increase. The growth pace was the most rapid in 2018 when the average export price increased by 377%. Over the period under review, the average export prices hit record highs at $12,168 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($17,184 per ton), while the average price for exports to the United Arab Emirates ($1,498 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 Pakistan (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel and Coriander in Finland

Anise, badian, fennel and coriander imports into Finland reached 184 tons in 2022, picking up by 12% on 2021 figures. The total import volume increased at an average annual rate of +10.0% 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 rose significantly to $1.1M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

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

1. Netherlands (69.6 tons)
2. Germany (58.4 tons)
3. Sweden (11.9 tons)
4. Spain (11.6 tons)
5. Vietnam (10.7 tons)
6. Turkey (5.6 tons)
7. Italy (5.1 tons)
8. India (2.5 tons)

Exports of Anise, Badian, Fennel and Coriander in Finland

Anise, badian, fennel and coriander exports from Finland surged to 2.3K tons in 2022, increasing by 205,949% compared with 2021 figures. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, anise, badian, fennel and coriander exports soared to $12M in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. India (814.5 tons)
2. United Arab Emirates (744.4 tons)
3. United States (366.9 tons)
4. Czech Republic (80.4 tons)
5. Germany (54.7 tons)
6. Lithuania (36.8 tons)
7. Netherlands (36.7 tons)

Source: IndexBox Market Intelligence Platform