Price for Anise, Badian, Fennel and Coriander in Portugal - 2023

Contents:

1. Price for Anise, Badian, Fennel and Coriander in Portugal (CIF) - 2022
2. Price for Anise, Badian, Fennel and Coriander in Portugal (FOB) - 2022
3. Imports of Anise, Badian, Fennel and Coriander in Portugal
4. Exports of Anise, Badian, Fennel and Coriander in Portugal

Price for Anise, Badian, Fennel and Coriander in Portugal (CIF) - 2022

In 2022, the average import price for anise, badian, fennel and coriander amounted to $5,782 per ton, declining by -20.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 18% against the previous year. As a result, import price attained the peak level of $7,236 per ton, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($9,810 per ton), while the price for Syrian Arab Republic ($3,178 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Anise, Badian, Fennel and Coriander in Portugal (FOB) - 2022

In 2022, the average export price for anise, badian, fennel and coriander amounted to $7,868 per ton, which is down by -6.7% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 28%. Over the period under review, the average export prices reached the peak figure at $18,879 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($12,310 per ton), while the average price for exports to Luxembourg ($1,868 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.9%), while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel and Coriander in Portugal

In 2022, anise, badian, fennel and coriander imports into Portugal rose to 283 tons, surging by 3% compared with 2021. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 11%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, anise, badian, fennel and coriander imports reduced remarkably to $1.6M in 2022. The total import value increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 23%. As a result, imports reached the peak of $2M, and then contracted notably in the following year.

Top Suppliers of Anise, Badian, Fennel and Coriander to Portugal in 2022:

1. Spain (156.6 tons)
2. France (45.5 tons)
3. Poland (42.0 tons)
4. Syrian Arab Republic (12.7 tons)
5. Netherlands (9.4 tons)
6. Germany (7.7 tons)
7. Turkey (3.0 tons)
8. India (0.1 tons)

Exports of Anise, Badian, Fennel and Coriander in Portugal

After three years of growth, shipments abroad of anise, badian, fennel and coriander decreased by -26.3% to 45 tons in 2022. Overall, total exports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year.

In value terms, anise, badian, fennel and coriander exports shrank dramatically to $350K in 2022. In general, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 37% against the previous year.

Top Export Markets for Anise, Badian, Fennel and Coriander from Portugal in 2022:

1. Spain (20.3 tons)
2. Angola (11.3 tons)
3. Germany (3.8 tons)
4. Cabo Verde (2.7 tons)
5. Luxembourg (2.0 tons)
6. Switzerland (1.4 tons)
7. France (0.7 tons)
8. Sao Tome and Principe (0.4 tons)

Source: IndexBox Market Intelligence Platform