United Kingdom: Market for Anise, Badian, Fennel And Coriander 2022

Market Size for Anise, Badian, Fennel And Coriander in the UK

In 2021, the UK market for anise, badian, fennel and coriander increased by X% to $X, rising for the second consecutive year after two years of decline. 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 in certain years. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Exports of Anise, Badian, Fennel And Coriander

Exports from the UK

After four years of growth, shipments abroad of anise, badian, fennel and coriander decreased by -X% to X tons in 2021. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. The exports peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, anise, badian, fennel and coriander exports fell sharply to $X in 2021. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% year-to-year. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for anise, badian, fennel and coriander exports from the UK, with a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), twofold. Ireland (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Ireland (+X% per year).

In value terms, the largest markets for anise, badian, fennel and coriander exported from the UK were the Netherlands ($X), Ireland ($X) and Australia ($X), together accounting for X% of total exports. These countries were followed by Germany, South Africa, Turkey, the United States, Switzerland, France and India, which together accounted for a further X terms of the main countries of destination, Turkey, 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

The average export price for anise, badian, fennel and coriander stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, export price indicated a temperate expansion 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 export price increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% year-to-year. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to France ($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 more modest paces of growth.

Imports of Anise, Badian, Fennel And Coriander

Imports into the UK

In 2021, the amount of anise, badian, fennel and coriander imported into the UK contracted to X tons, declining by -X% on the previous year's figure. 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 appeared the most rapid in 2020 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, anise, badian, fennel and coriander imports dropped slightly to $X in 2021. In general, total imports indicated a prominent 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. Based on 2021 figures, imports increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020, and then shrank modestly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of anise, badian, fennel and coriander to the UK, 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, Turkey (X tons), more than tenfold. Bulgaria (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Bulgaria (+X% per year).

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

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

Import Prices by Country

In 2021, the average import price for anise, badian, fennel and coriander amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

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

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