Price for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in the United States - 2023

Contents:

1. Price for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in the United States (CIF) - 2023
2. Price for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in the United States (FOB) - 2022
3. Imports of Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in the United States
4. Exports of Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in the United States

Price for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in the United States (CIF) - 2023

The average import price for seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground stood at $3,412 per ton in December 2023, flattening at the previous month. Overall, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in July 2023 an increase of 43% month-to-month. Over the period under review, average import prices hit record highs at $4,376 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($5,959 per ton), while the price for Peru ($2,350 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in the United States (FOB) - 2022

The average export price for seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground stood at $4,877 per ton in 2022, declining by -4.8% against the previous year. Over the period under review, the export price, however, showed a tangible expansion. The growth pace was the most rapid in 2017 an increase of 127% against the previous year. As a result, the export price reached the peak level of $6,868 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Barbados ($6,826 per ton), while the average price for exports to Panama ($2,572 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 Barbados (+60.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in the United States

In 2022, supplies from abroad of seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground decreased by -13.7% to 2.9K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, imports attained the peak of 3.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground dropped to $7.6M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, imports attained the peak of $8.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground to the United States in 2022:

1. Egypt (1201.8 tons)
2. Germany (364.0 tons)
3. Vietnam (305.5 tons)
4. India (194.5 tons)
5. Turkey (150.4 tons)
6. Italy (128.2 tons)
7. Bosnia and Herzegovina (127.3 tons)
8. Bulgaria (119.5 tons)
9. Canada (108.8 tons)
10. Finland (49.0 tons)

Exports of Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in the United States

In 2022, the amount of seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground exported from the United States expanded rapidly to 125 tons, with an increase of 13% compared with the previous year. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 114%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground totaled $611K in 2022. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 142%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground from the United States in 2022:

1. Canada (43.4 tons)
2. Barbados (22.5 tons)
3. Panama (18.3 tons)
4. Ecuador (17.3 tons)
5. United Kingdom (9.6 tons)
6. South Korea (6.9 tons)
7. Mexico (3.9 tons)
8. Guyana (0.4 tons)

Source: IndexBox Market Intelligence Platform