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

Contents:

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

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

In February 2023, the average import price for anise, badian, fennel and coriander amounted to $995 per ton, shrinking by -3.3% against the previous month. Overall, the import price recorded a slight contraction. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 37% against the previous month. Over the period under review, average import prices reached the peak figure at $1,220 per ton in February 2022; however, from March 2022 to February 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($2,872 per ton), while the price for Russia ($711 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Iran (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for anise, badian, fennel and coriander stood at $1,519 per ton in 2022, which is down by -10.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by 47% against the previous year. The export price peaked at $2,713 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($3,247 per ton), while the average price for exports to Oman ($316 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 UK (+1.9%), while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel and Coriander in Pakistan

In 2022, supplies from abroad of anise, badian, fennel and coriander decreased by -44.3% to 25K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 46%.

In value terms, anise, badian, fennel and coriander imports contracted to $21M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.3% 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 +73.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 50% against the previous year.

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

1. United Arab Emirates (undefinedK tons)
2. Iran (18.3K tons)
3. China (1.8K tons)
4. Afghanistan (1.4K tons)
5. Turkey (1.3K tons)
6. Russia (1.0K tons)

Exports of Anise, Badian, Fennel and Coriander in Pakistan

In 2022, anise, badian, fennel and coriander exports from Pakistan fell to 1.8K tons, which is down by -15% against the previous year. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 32%.

In value terms, anise, badian, fennel and coriander exports shrank markedly to $2.8M in 2022. In general, exports continue to indicate a deep slump. The smallest decline of -10.5% was in 2021.

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

1. Saudi Arabia (490.3 tons)
2. United Arab Emirates (419.3 tons)
3. Bangladesh (238.6 tons)
4. Sri Lanka (216.1 tons)
5. Nepal (157.3 tons)
6. Oman (63.4 tons)
7. Malaysia (59.3 tons)
8. Myanmar (6.4 tons)
9. United Kingdom (3.6 tons)
10. Sudan (0.9 tons)

Source: IndexBox Market Intelligence Platform