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

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

In 2021, after two years of growth, there was significant decline in the Peruvian market for anise, badian, fennel and coriander, when its value decreased by -X% to $X. In general, consumption, however, continues to indicate resilient growth. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Production of Anise, Badian, Fennel And Coriander in Peru

In value terms, anise, badian, fennel and coriander production contracted to $X in 2021 estimated in export prices. Overall, production recorded a dramatic downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average yield of anise, badian, fennel and coriander in Peru rose notably to X kg per ha, with an increase of X% on 2020 figures. Over the period under review, the yield posted noticeable growth. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. The anise, badian, fennel and coriander yield peaked in 2021 and is likely to see gradual growth in the immediate term. 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 Peru declined dramatically to X ha, which is down by -X% on 2020. Over the period under review, the harvested area faced a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The anise, badian, fennel and coriander harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Exports of Anise, Badian, Fennel And Coriander

Exports from Peru

In 2021, after two years of growth, there was significant decline in shipments abroad of anise, badian, fennel and coriander, when their volume decreased by -X% to X tons. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2020, and then fell remarkably in the following year.

In value terms, anise, badian, fennel and coriander exports shrank to $X in 2021. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then shrank in the following year.

Exports by Country

The United States (X tons) was the main destination for anise, badian, fennel and coriander exports from Peru, with a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, the United States ($X), Spain ($X) and the United Arab Emirates ($X) were the largest markets for anise, badian, fennel and coriander exported from Peru worldwide, with a combined X% share of total exports.

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

Export Prices by Country

In 2021, the average export price for anise, badian, fennel and coriander amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to the United States ($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 Spain (+X%), while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel And Coriander

Imports into Peru

In 2021, purchases abroad of anise, badian, fennel and coriander decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, posted a resilient increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then fell in the following year.

In value terms, anise, badian, fennel and coriander imports shrank remarkably to $X in 2021. Over the period under review, imports, however, saw strong growth. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2020, and then reduced rapidly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest anise, badian, fennel and coriander supplier to Peru, 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 tons), twofold. The third position in this ranking was occupied by Syrian Arab Republic (X tons), with a X% share.

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

In value terms, India ($X), Spain ($X) and Syrian Arab Republic ($X) constituted the largest anise, badian, fennel and coriander suppliers to Peru, together comprising X% of total imports.

In terms of the main suppliers, Syrian Arab Republic, with a CAGR of +X%, saw the highest rates of growth with regard to 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, dropping by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

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

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Source: IndexBox Platform

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