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

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

The average import price for anise, badian, fennel and coriander stood at $869 per ton in 2022, dropping by -30.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 122%. As a result, import price reached the peak level of $4,449 per ton. From 2015 to 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 2022, amid the top importers, the country with the highest price was South Africa ($3,491 per ton), while the price for China ($813 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for anise, badian, fennel and coriander stood at $2,935 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price continues to indicate significant growth. The growth pace was the most rapid in 2021 a decrease of 99.9% against the previous year. The export price peaked at $2,946 per ton in 2020; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($4,683 per ton), while the average price for exports to Germany stood at $2,692 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+20.8%).

Imports of Anise, Badian, Fennel and Coriander in Nigeria

For the fourth year in a row, Nigeria recorded growth in supplies from abroad of anise, badian, fennel and coriander, which increased by 65% to 584 tons in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, anise, badian, fennel and coriander imports expanded significantly to $507K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 22%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Import of Anise, Badian, Fennel and Coriander in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.4	0.2	0.2	406	453.1%
India	108	155	135	66.9	-14.8%
Egypt	0.5	2.4	4.4	23.4	260.4%
United States	87.7	98.5	51.0	0.3	-84.9%
Bulgaria	13.7	19.6	20.0	N/A	20.8%
United Arab Emirates	63.5	36.3	88.3	N/A	17.9%
Bangladesh	19.5	22.9	25.5	N/A	14.4%
Turkey	10.9	19.8	62.7	N/A	139.8%
Others	22.4	45.5	57.3	10.6	-22.1%
Total	329	400	444	507	15.5%

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

China (499.5 tons)
India (60.8 tons)
Egypt (20.1 tons)
United States (0.3 tons)

Exports of Anise, Badian, Fennel and Coriander in Nigeria

Anise, badian, fennel and coriander exports from Nigeria stood at 19 tons in 2022, approximately reflecting 2021 figures. Overall, exports showed a sharp reduction. The smallest decline of 99.9% was in 2021.

In value terms, anise, badian, fennel and coriander exports totaled $56K in 2022. In general, exports recorded a dramatic contraction. The smallest decline of 99.9% was in 2021.