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

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

For the third consecutive year, the Thai market for anise, badian, fennel and coriander recorded growth in sales value, which increased by X% to $X in 2021. Over the period under review, consumption posted a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Anise, Badian, Fennel And Coriander

Exports from Thailand

In 2021, anise, badian, fennel and coriander exports from Thailand declined sharply to X tons, reducing by -X% on the previous year. Overall, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Over the period under review, the exports reached the maximum 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 contracted sharply to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Honduras (X tons) and Mauritius (X tons) were the main destinations of anise, badian, fennel and coriander exports from Thailand, with a combined X% share of total exports. The United States, Slovenia, Indonesia, Senegal and Hong Kong SAR lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Senegal (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for anise, badian, fennel and coriander exported from Thailand were Honduras ($X), China ($X) and Mauritius ($X), together comprising X% of total exports. These countries were followed by Indonesia, the United States, Hong Kong SAR, Slovenia and Senegal, which together accounted for a further X the main countries of destination, Senegal, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for anise, badian, fennel and coriander amounted to $X per ton, picking up by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X% year-to-year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Senegal ($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 Senegal (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel And Coriander

Imports into Thailand

For the third consecutive year, Thailand recorded growth in supplies from abroad of anise, badian, fennel and coriander, which increased by X% to X tons in 2021. 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 2016 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, anise, badian, fennel and coriander imports skyrocketed to $X in 2021. Overall, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Italy (X tons) and China (X tons) were the main suppliers of anise, badian, fennel and coriander imports to Thailand, with a combined X% share of total imports. The United States, Russia, Malaysia, Ukraine and Bulgaria lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Ukraine (+X%), while purchases for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The average import price for anise, badian, fennel and coriander stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2021: its price 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, anise, badian, fennel and coriander import price increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2020 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+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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