Report Update: May 1, 2024

Vietnam - Anise, Badian, Fennel And Coriander - Market Analysis, Forecast, Size, Trends and Insights

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Price for Anise, Badian, Fennel and Coriander in Vietnam - 2021

Price for Anise, Badian, Fennel and Coriander in Vietnam (FOB) - 2021

In December 2021, the average export price for anise, badian, fennel and coriander amounted to $5,401 per ton, stabilizing at the previous month. Over the last twelve months, it increased at an average monthly rate of +4.1%. The growth pace was the most rapid in January 2021 an increase of 56% m-o-m. Over the period under review, the average export prices hit record highs at $5,545 per ton in August 2021; however, from September 2021 to December 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In December 2021, the countries with the highest prices were India ($5,581 per ton) and Ecuador ($5,581 per ton), while the average price for exports to the Netherlands ($4,251 per ton) and the UK ($4,415 per ton) were amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Anise, Badian, Fennel and Coriander in Vietnam (CIF) - 2021

The average import price for anise, badian, fennel and coriander stood at $2,126 per ton in December 2021, dropping by -21% against the previous month. In general, import price indicated a temperate expansion from December 2020 to December 2021: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, anise, badian, fennel and coriander import price increased by +73.7% against October 2021 indices. The most prominent rate of growth was recorded in November 2021 when the average import price increased by 120% against the previous month. Over the period under review, average import prices attained the peak figure at $3,228 per ton in June 2021; however, from July 2021 to December 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was China ($3,919 per ton), while the price for Ukraine ($1,200 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Anise, Badian, Fennel and Coriander in Vietnam

In 2022, approx. 16K tons of anise, badian, fennel and coriander were exported from Vietnam; which is down by -22% compared with the previous year. In general, total exports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, the exports attained the peak of 21K tons, and then reduced rapidly in the following year.

In value terms, anise, badian, fennel and coriander exports declined significantly to $85M in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 142%. As a result, the exports reached the peak of $112M, and then fell dramatically in the following year.

Export of Anise, Badian, Fennel and Coriander in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	31.3	26.4	71.2	44.3	12.3%
China	N/A	0.3	1.2	10.1	480.2%
United States	2.9	4.0	5.8	5.8	26.0%
Netherlands	1.3	1.4	2.9	3.9	44.2%
Germany	0.7	1.6	3.0	1.9	39.5%
United Kingdom	0.9	0.8	2.7	1.8	26.0%
Thailand	1.1	1.4	1.4	1.5	10.9%
Others	8.5	10.3	24.0	15.5	22.2%
Total	46.6	46.3	112	84.8	22.1%

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

India (8.1K tons)
China (1.9K tons)
United States (1.2K tons)
Netherlands (0.9K tons)
United Kingdom (0.4K tons)
Germany (0.4K tons)
Thailand (0.3K tons)

Imports of Anise, Badian, Fennel and Coriander in Vietnam

In 2022, supplies from abroad of anise, badian, fennel and coriander decreased by -3.4% to 5.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 94% against the previous year.

In value terms, anise, badian, fennel and coriander imports soared to $14M in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 89%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Anise, Badian, Fennel and Coriander in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	3.1	3.8	4.1	6.6	28.6%
China	0.7	0.7	5.4	5.2	95.1%
Italy	N/A	1.5	2.4	1.9	12.5%
Russia	0.1	0.2	N/A	0.3	44.2%
Bulgaria	N/A	N/A	N/A	0.2	0%
Others	0.2	0.3	0.3	0.2	0.0%
Total	4.2	6.5	12.2	14.3	50.4%

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

India (2082.5 tons)
Italy (1406.9 tons)
China (1225.5 tons)
Russia (198.5 tons)
Bulgaria (117.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for anise, badian, fennel and coriander in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 711 - Anise, badian, fennel

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023