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

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

In 2022, the average import price for anise, badian, fennel and coriander amounted to $2,453 per ton, surging by 23% against the previous year. Over the period under review, the import price continues to indicate temperate growth. The pace of growth appeared the most rapid in 2018 an increase of 148%. Over the period under review, average import prices hit record highs at $2,846 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($5,086 per ton), while the price for Ukraine ($173 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for anise, badian, fennel and coriander amounted to $542 per ton, jumping by 25% against the previous year. Overall, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 73%. Over the period under review, the average export prices reached the maximum at $1,878 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to -7.6% per year.

Imports of Anise, Badian, Fennel and Coriander in Libya

In 2022, approx. 1.2K tons of anise, badian, fennel and coriander were imported into Libya; waning by -26.2% compared with 2021. Over the period under review, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 75% against the previous year. As a result, imports attained the peak of 1.7K tons, and then reduced sharply in the following year.

In value terms, anise, badian, fennel and coriander imports reduced to $3M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports attained the peak of $3.3M, and then reduced in the following year.

Import of Anise, Badian, Fennel and Coriander in Libya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Egypt	1,188	1,463	2,193	1,349	4.3%
India	1,152	868	763	1,210	1.7%
Turkey	34.0	129	95.1	191	77.8%
Tunisia	90.8	103	127	73.4	-6.8%
Ukraine	11.6	30.3	52.2	47.1	59.5%
Russia	49.9	32.4	19.1	32.9	-13.0%
Morocco	51.4	28.9	8.5	28.8	-17.6%
Others	89.3	35.6	46.0	64.9	-10.1%
Total	2,666	2,690	3,305	2,997	4.0%

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

India (412.2 tons)
Ukraine (271.7 tons)
Egypt (265.2 tons)
Turkey (94.9 tons)
Tunisia (82.4 tons)
Russia (53.1 tons)
Morocco (20.8 tons)

Exports of Anise, Badian, Fennel and Coriander in Libya

In 2022, after three years of growth, there was decline in overseas shipments of anise, badian, fennel and coriander, when their volume decreased by -2.4% to 21 tons. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 5% against the previous year. As a result, the exports attained the peak of 22 tons, and then declined slightly in the following year.

In value terms, anise, badian, fennel and coriander exports surged to $12K in 2022. In general, exports recorded a abrupt downturn.