Republic of Korea: Market for Anise, Badian, Fennel And Coriander 2022

Market Size for Anise, Badian, Fennel And Coriander in Republic of Korea

In 2021, after two years of growth, there was decline in the South Korean market for anise, badian, fennel and coriander, when its value decreased by -X% to $X. The market value 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. Anise, badian, fennel and coriander consumption peaked at $X in 2020, and then reduced in the following year.

Exports of Anise, Badian, Fennel And Coriander

Exports from Republic of Korea

In 2021, approx. X tons of anise, badian, fennel and coriander were exported from South Korea; jumping by X% compared with 2020 figures. In general, exports, however, showed a mild descent. The pace of growth was the most pronounced in 2019 when exports increased by X% year-to-year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, anise, badian, fennel and coriander exports surged to $X in 2021. Overall, exports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% year-to-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

India (X tons), the Netherlands (X tons) and Singapore (X tons) were the main destinations of anise, badian, fennel and coriander exports from South Korea, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in India (+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 South Korea were the Netherlands ($X), India ($X) and Singapore ($X), with a combined X% share of total exports.

India, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of 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, waning by -X% against the previous year. Over the period under review, the export price continues to indicate a perceptible setback. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to India ($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 India (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Anise, Badian, Fennel And Coriander

Imports into Republic of Korea

In 2021, approx. X tons of anise, badian, fennel and coriander were imported into South Korea; with an increase of X% against 2020. The total import volume 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 was the most pronounced in 2017 when imports increased by X% year-to-year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, anise, badian, fennel and coriander imports shrank modestly to $X in 2021. The total import value 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 throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2020, and then reduced in the following year.

Imports by Country

India (X tons), Morocco (X tons) and Egypt (X tons) were the main suppliers of anise, badian, fennel and coriander imports to South Korea, together accounting for X% of total imports. Vietnam, China, Hong Kong SAR and Italy lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Hong Kong SAR (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of anise, badian, fennel and coriander to South Korea, comprising X% of total imports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total imports. It was followed by Morocco, with a 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: Vietnam (+X% per year) and Morocco (+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 pace of growth was the most pronounced in 2013 an increase of X% year-to-year. The import price peaked at $X per ton in 2020, and then contracted 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 Vietnam ($X per ton), while the price for Morocco ($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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