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

Contents:

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

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

In 2022, the average import price for anise, badian, fennel and coriander amounted to $3,045 per ton, with a decrease of -3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 33% against the previous year. As a result, import price attained the peak level of $3,138 per ton, and then fell modestly in the following year.

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 Vietnam ($4,095 per ton), while the price for Ukraine ($2,364 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for anise, badian, fennel and coriander stood at $1,890 per ton in 2022, with a decrease of -7.8% against the previous year. In general, the export price faced a abrupt setback. The growth pace was the most rapid in 2016 when the average export price increased by 94%. The export price peaked at $9,329 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($2,118 per ton), while the average price for exports to Thailand ($1,443 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 Malaysia (+7.4%), while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel and Coriander in the Philippines

For the third consecutive year, the Philippines recorded decline in supplies from abroad of anise, badian, fennel and coriander, which decreased by -18.7% to 274 tons in 2022. Over the period under review, imports continue to indicate a abrupt slump. The smallest decline of -2.9% was in 2020.

In value terms, anise, badian, fennel and coriander imports dropped remarkably to $836K in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 15% against the previous year.

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

1. India (143.5 tons)
2. China (47.2 tons)
3. Singapore (30.4 tons)
4. Spain (15.4 tons)
5. Vietnam (10.5 tons)
6. Ukraine (10.0 tons)
7. Germany (7.7 tons)

Exports of Anise, Badian, Fennel and Coriander in the Philippines

After three years of growth, overseas shipments of anise, badian, fennel and coriander decreased by -76.9% to 15 tons in 2022. In general, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 451% against the previous year. As a result, the exports attained the peak of 64 tons, and then contracted notably in the following year.

In value terms, anise, badian, fennel and coriander exports contracted markedly to $28K in 2022. Overall, exports, however, posted prominent growth. The growth pace was the most rapid in 2021 with an increase of 794% against the previous year. As a result, the exports attained the peak of $131K, and then shrank notably in the following year.

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

1. India (9.8 tons)
2. Thailand (4.2 tons)
3. Hong Kong SAR (0.8 tons)

Source: IndexBox Market Intelligence Platform