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

Contents:

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

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

The average import price for anise, badian, fennel and coriander stood at $2,992 per ton in 2022, with an increase of 56% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $3,024 per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($5,349 per ton), while the price for India ($2,716 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for anise, badian, fennel and coriander stood at $517 per ton in 2022, with an increase of 17% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2019 when the average export price increased by 37%. The export price peaked at $1,238 per ton in 2012; however, from 2013 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 India ($960 per ton), while the average price for exports to Pakistan ($391 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 the United Arab Emirates (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Anise, Badian, Fennel and Coriander in Myanmar

In 2022, approx. 704 tons of anise, badian, fennel and coriander were imported into Myanmar; rising by 4.8% against the year before. Overall, imports, however, saw a mild decline. The growth pace was the most rapid in 2020 when imports increased by 83% against the previous year. As a result, imports reached the peak of 1.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, anise, badian, fennel and coriander imports skyrocketed to $2.1M in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 92%. As a result, imports reached the peak of $2.1M; afterwards, it flattened through to 2022.

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

1. India (599.6 tons)
2. Vietnam (71.9 tons)
3. China (29.9 tons)

Exports of Anise, Badian, Fennel and Coriander in Myanmar

In 2022, approx. 855 tons of anise, badian, fennel and coriander were exported from Myanmar; with an increase of 384% against 2021. Overall, exports enjoyed a perceptible expansion. 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 skyrocketed to $441K in 2022. Over the period under review, exports, however, showed a noticeable setback.

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

1. Malaysia (303.6 tons)
2. Pakistan (222.1 tons)
3. China (185.9 tons)
4. Thailand (87.3 tons)
5. India (24.0 tons)
6. Bangladesh (21.0 tons)

Source: IndexBox Market Intelligence Platform