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

Contents:

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

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

The average import price for anise, badian, fennel and coriander stood at $4,502 per ton in March 2023, declining by -30.5% against the previous month. Over the period under review, the import price showed a deep reduction. The growth pace was the most rapid in May 2022 when the average import price increased by 79% m-o-m. The import price peaked at $8,807 per ton in March 2022; however, from April 2022 to March 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,692 per ton), while the price for Spain ($2,570 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Canada (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for anise, badian, fennel and coriander amounted to $5,755 per ton, stabilizing at the previous year. Over the period under review, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 223%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 France ($8,498 per ton), while the average price for exports to the United States ($1,697 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 France (+151.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of anise, badian, fennel and coriander imported into the Dominican Republic rose significantly to 532 tons, picking up by 10% on the year before. Over the period under review, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.0% 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 decreased by -32.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 61% against the previous year. As a result, imports reached the peak of 785 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, anise, badian, fennel and coriander imports skyrocketed to $2.9M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.9% 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 decreased by -2.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 76%. As a result, imports attained the peak of $3M. From 2021 to 2022, the growth of imports failed to regain momentum.

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

1. Vietnam (175.1 tons)
2. Syrian Arab Republic (80.4 tons)
3. India (77.6 tons)
4. Turkey (70.0 tons)
5. Canada (59.0 tons)
6. Russia (32.3 tons)
7. Spain (16.3 tons)
8. United States (11.6 tons)
9. China (7.1 tons)

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

In 2022, overseas shipments of anise, badian, fennel and coriander decreased by -19.3% to 11 tons, falling for the second year in a row after two years of growth. In general, exports faced a sharp decrease. The growth pace was the most rapid in 2020 when exports increased by 2.1% against the previous year. As a result, the exports attained the peak of 30 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, anise, badian, fennel and coriander exports dropped notably to $62K in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by 229% against the previous year. As a result, the exports attained the peak of $146K. From 2021 to 2022, the growth of the exports failed to regain momentum.

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

1. Haiti (6.1 tons)
2. United States (2.8 tons)
3. France (1.6 tons)

Source: IndexBox Market Intelligence Platform