Price for Anise, Badian, Fennel and Coriander in South Africa - 2023

Contents:

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

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

In July 2023, the average import price for anise, badian, fennel and coriander amounted to $2,042 per ton, shrinking by -24.2% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 74% month-to-month. The import price peaked at $2,694 per ton in June 2023, and then shrank notably in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Russia ($3,803 per ton), while the price for Argentina ($924 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 Russia (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Anise, Badian, Fennel and Coriander in South Africa (FOB) - 2023

The average export price for anise, badian, fennel and coriander stood at $3,903 per ton in July 2023, with an increase of 161% against the previous month. Over the period under review, the export price continues to indicate noticeable growth. Over the period under review, the average export prices reached the peak figure at $4,902 per ton in January 2023; however, from February 2023 to July 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($4,990 per ton), while the average price for exports to Zambia ($1,932 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel and Coriander in South Africa

In 2022, supplies from abroad of anise, badian, fennel and coriander decreased by -27.5% to 8.1K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of 11K tons, and then shrank notably in the following year.

In value terms, anise, badian, fennel and coriander imports stood at $15M in 2022. The total import value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 22%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

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

1. India (4545.9 tons)
2. Argentina (737.0 tons)
3. Russia (574.1 tons)
4. Bulgaria (497.1 tons)
5. Morocco (472.5 tons)
6. Egypt (392.5 tons)
7. Romania (289.4 tons)
8. Italy (35.5 tons)

Exports of Anise, Badian, Fennel and Coriander in South Africa

In 2022, overseas shipments of anise, badian, fennel and coriander decreased by -12.7% to 81 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, the exports reached the peak of 93 tons, and then contracted in the following year.

In value terms, anise, badian, fennel and coriander exports shrank sharply to $229K in 2022. Overall, total exports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 74% against the previous year. As a result, the exports reached the peak of $353K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

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

1. Canada (undefined tons)
2. Zimbabwe (37.2 tons)
3. Zambia (9.5 tons)
4. Botswana (8.1 tons)
5. Namibia (6.4 tons)
6. Australia (5.6 tons)
7. Mozambique (2.9 tons)
8. Solomon Islands (2.6 tons)
9. Switzerland (0.2 tons)

Source: IndexBox Market Intelligence Platform