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

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

After three years of growth, the Kuwaiti market for anise, badian, fennel and coriander decreased by -X% to $X in 2021. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value 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. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced slightly in the following year.

Exports of Anise, Badian, Fennel And Coriander

Exports from Kuwait

In 2021, approx. X tons of anise, badian, fennel and coriander were exported from Kuwait; reducing by -X% compared with 2020. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of X% y-o-y. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, anise, badian, fennel and coriander exports plummeted to $X in 2021. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

Canada (X tons), Georgia (X tons) and Saudi Arabia (X kg) were the main destinations of anise, badian, fennel and coriander exports from Kuwait, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Canada (+X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for anise, badian, fennel and coriander exported from Kuwait were Canada ($X), Georgia ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for anise, badian, fennel and coriander stood at $X per ton in 2021, shrinking by -X% against the previous year. In general, the export price, however, posted pronounced growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Georgia ($X per ton), while the average price for exports to Qatar ($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 Saudi Arabia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel And Coriander

Imports into Kuwait

In 2021, purchases abroad of anise, badian, fennel and coriander increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a temperate increase 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. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, anise, badian, fennel and coriander imports contracted slightly to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value 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. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2020, and then contracted modestly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of anise, badian, fennel and coriander to Kuwait, 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, Syrian Arab Republic (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, India ($X) constituted the largest supplier of anise, badian, fennel and coriander to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by Syrian Arab Republic ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2021, the average import price for anise, badian, fennel and coriander amounted to $X per ton, reducing 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 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2020, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Iran ($X per ton), while the price for Syrian Arab Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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