Price for Anise, Badian, Fennel and Coriander in the Czech Republic - 2023

Contents:

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

Price for Anise, Badian, Fennel and Coriander in the Czech Republic (CIF) - 2023

The average import price for anise, badian, fennel and coriander stood at $2,638 per ton in July 2023, with a decrease of -12.9% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 98% m-o-m. Over the period under review, average import prices reached the peak figure at $3,350 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Austria ($6,586 per ton), while the price for Latvia ($1,578 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 Lithuania (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Anise, Badian, Fennel and Coriander in the Czech Republic (FOB) - 2022

The average export price for anise, badian, fennel and coriander stood at $1,841 per ton in 2022, falling by -43% against the previous year. Overall, the export price, however, saw moderate growth. The pace of growth was the most pronounced in 2020 an increase of 115%. The export price peaked at $3,233 per ton in 2021, and then dropped sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($4,222 per ton), while the average price for exports to Hungary ($1,154 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 Poland (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel and Coriander in the Czech Republic

In 2022, the amount of anise, badian, fennel and coriander imported into the Czech Republic soared to 2.4K tons, picking up by 59% on 2021 figures. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, anise, badian, fennel and coriander imports expanded significantly to $5.3M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.9% 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 +80.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Anise, Badian, Fennel and Coriander to the Czech Republic in 2022:

1. Finland (825.1 tons)
2. Poland (434.3 tons)
3. Germany (246.0 tons)
4. Slovakia (231.6 tons)
5. Ukraine (166.2 tons)
6. Spain (142.3 tons)
7. Lithuania (136.5 tons)
8. Austria (77.2 tons)
9. Vietnam (10.3 tons)

Exports of Anise, Badian, Fennel and Coriander in the Czech Republic

After two years of decline, shipments abroad of anise, badian, fennel and coriander increased by 214% to 2.1K tons in 2022. In general, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, anise, badian, fennel and coriander exports soared to $4M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Anise, Badian, Fennel and Coriander from the Czech Republic in 2022:

1. Lithuania (837.6 tons)
2. Slovakia (409.1 tons)
3. Hungary (312.4 tons)
4. Germany (204.0 tons)
5. Austria (192.3 tons)
6. Netherlands (110.2 tons)
7. Poland (22.4 tons)

Source: IndexBox Market Intelligence Platform