Colombia: Market for Anise, Badian, Fennel And Coriander 2022

Market Size for Anise, Badian, Fennel And Coriander in Colombia

The Colombian market for anise, badian, fennel and coriander soared to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Anise, badian, fennel and coriander consumption peaked in 2021 and is likely to continue growth in years to come.

Exports of Anise, Badian, Fennel And Coriander

Exports from Colombia

After two years of decline, shipments abroad of anise, badian, fennel and coriander increased by X% to X tonnes in 2021. Overall, exports, however, recorded a noticeable shrinkage. The exports peaked at X tonnes in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, anise, badian, fennel and coriander exports surged to $X in 2021. In general, exports, however, saw a perceptible slump. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for anise, badian, fennel and coriander exports from Colombia, with a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to Canada exceeded the volume sent to the second major destination, the United States (X tonnes), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -X%.

In value terms, Canada ($X) emerged as the key foreign market for anise, badian, fennel and coriander exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by the United States ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled -X%.

Export Prices by Country

The average export price for anise, badian, fennel and coriander stood at $X per tonne in 2021, falling by -X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% year-to-year. As a result, the export price attained the peak level of $X per tonne, and then reduced markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per tonne), while the average price for exports to Canada totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%).

Imports of Anise, Badian, Fennel And Coriander

Imports into Colombia

Anise, badian, fennel and coriander imports into Colombia soared to X tonnes in 2021, picking up by X% compared with the previous year. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, anise, badian, fennel and coriander imports surged to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, India (X tonnes) constituted the largest anise, badian, fennel and coriander supplier to Colombia, accounting for a X% share of total imports. Moreover, anise, badian, fennel and coriander imports from India exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +X%.

In value terms, India ($X) constituted the largest supplier of anise, badian, fennel and coriander to Colombia, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from India stood at +X%.

Import Prices by Country

The average import price for anise, badian, fennel and coriander stood at $X per tonne in 2021, reducing by -X% against the previous year. Overall, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2015 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per tonne), while the price for India stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-X%).

Source: IndexBox Platform