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

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

The Hungarian market for anise, badian, fennel and coriander stood at $X in 2021, growing by X% against the previous year. 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 throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Anise, Badian, Fennel And Coriander in Hungary

In value terms, anise, badian, fennel and coriander production expanded remarkably to $X in 2021 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

The average yield of anise, badian, fennel and coriander in Hungary reduced slightly to X tons per ha in 2021, leveling off at 2020. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the yield increased by X% y-o-y. The anise, badian, fennel and coriander yield peaked at X tons per ha in 2020, and then dropped modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the anise, badian, fennel and coriander harvested area in Hungary contracted to X ha, with a decrease of -X% compared with 2020 figures. In general, the harvested area recorded a slight descent. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% y-o-y. As a result, the harvested area reached the peak level of X ha. From 2016 to 2021, the growth of the anise, badian, fennel and coriander harvested area remained at a lower figure.

Exports of Anise, Badian, Fennel And Coriander

Exports from Hungary

In 2021, shipments abroad of anise, badian, fennel and coriander increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, anise, badian, fennel and coriander exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for anise, badian, fennel and coriander exports from Hungary, with a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-X% per year) and Romania (-X% per year).

In value terms, Germany ($X) remains the key foreign market for anise, badian, fennel and coriander exports from Hungary, comprising X% of total exports. The second position in the ranking was occupied by Slovakia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-X% per year) and Romania (-X% per year).

Export Prices by Country

In 2021, the average export price for anise, badian, fennel and coriander amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price showed a noticeable contraction. The growth pace was the most rapid in 2016 when the average export price increased by X% year-to-year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-X%), while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel And Coriander

Imports into Hungary

In 2021, supplies from abroad of anise, badian, fennel and coriander increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, anise, badian, fennel and coriander imports reached $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value 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 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), the Netherlands (X tons) and Slovenia (X tons) were the main suppliers of anise, badian, fennel and coriander imports to Hungary, with a combined X% share of total imports. These countries were followed by Austria, Germany, Serbia, India, Bulgaria, Lithuania, the Czech Republic, Latvia, Egypt and Italy, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Austria ($X) constituted the largest anise, badian, fennel and coriander suppliers to Hungary, with a combined X% share of total imports. These countries were followed by Poland, Serbia, Slovenia, India, the Czech Republic, Latvia, Bulgaria, Lithuania, Egypt and Italy, which together accounted for a further X terms of the main suppliers, Lithuania, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for anise, badian, fennel and coriander amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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