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

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

The Vietnamese market for anise, badian, fennel and coriander skyrocketed to $X in 2020, increasing by X% against the previous year. Overall, consumption, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Production of Anise, Badian, Fennel And Coriander in Vietnam

In value terms, anise, badian, fennel and coriander production soared to $X in 2020 estimated in export prices. Over the period under review, production, however, saw a relatively flat trend pattern. Anise, badian, fennel and coriander production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

The average yield of anise, badian, fennel and coriander in Vietnam contracted markedly to X tonnes per ha in 2020, reducing by -X% against the previous year's figure. Overall, the yield, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, the average anise, badian, fennel and coriander yield attained the peak level at X tonnes per ha in 2019, and then dropped notably in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the anise, badian, fennel and coriander harvested area in Vietnam was estimated at X ha, approximately reflecting the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. As a result, the harvested area reached the peak level of X ha. from 2016 to 2020, the growth of the anise, badian, fennel and coriander harvested area remained at a somewhat lower figure.

Exports of Anise, Badian, Fennel And Coriander

Exports from Vietnam

After three years of growth, overseas shipments of anise, badian, fennel and coriander decreased by -X% to X tonnes in 2020. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. Exports peaked at X tonnes in 2019, and then contracted markedly in the following year.

In value terms, anise, badian, fennel and coriander exports fell slightly to $X in 2020. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2019, and then reduced in the following year.

Exports by Country

India (X tonnes) was the main destination for anise, badian, fennel and coriander exports from Vietnam, with a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to India exceeded the volume sent to the second major destination, the United States (X tonnes), sevenfold. The Netherlands (X tonnes) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual growth rate of volume to India stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and the Netherlands (+X% per year).

In value terms, India ($X) remains the key foreign market for anise, badian, fennel and coriander exports from Vietnam, comprising X% of total exports. The second position in the ranking was occupied by the United States ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average export price for anise, badian, fennel and coriander amounted to $X per tonne, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a slight reduction. The export price peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2020, the countries with the highest prices were the United States ($X per tonne) and Germany ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) and the UK ($X per tonne) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel And Coriander

Imports into Vietnam

In 2020, overseas purchases of anise, badian, fennel and coriander increased by X% to X tonnes, rising for the fourth consecutive year after three years of decline. Overall, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, anise, badian, fennel and coriander imports surged to $X in 2020. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

India (X tonnes), Italy (X tonnes) and China (X tonnes) were the main suppliers of anise, badian, fennel and coriander imports to Vietnam, together comprising X% of total imports.

From 2012 to 2020, the biggest increases were in Italy (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2020, the average annual rate of growth in terms of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and China (+X% per year).

Import Prices by Country

The average import price for anise, badian, fennel and coriander stood at $X per tonne in 2020, declining by -X% against the previous year. Over the last eight-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for Ukraine ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform