ASEAN: Market for Anise, Badian, Fennel And Coriander 2024

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

The ASEAN market for anise, badian, fennel and coriander skyrocketed to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2013 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Anise, Badian, Fennel And Coriander in ASEAN

In value terms, anise, badian, fennel and coriander production stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed prominent growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vietnam (X tons) remains the largest anise, badian, fennel and coriander producing country in ASEAN, accounting for X% of total volume. Moreover, anise, badian, fennel and coriander production in Vietnam exceeded the figures recorded by the second-largest producer, Myanmar (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in Vietnam amounted to X%.

The average anise, badian, fennel and coriander yield rose markedly to X kg per ha in 2022, growing by X% against the previous year's figure. In general, the yield, however, saw a mild contraction. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. Over the period under review, the anise, badian, fennel and coriander yield reached the peak level at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The anise, badian, fennel and coriander harvested area reduced to X ha in 2022, waning by X% compared with the previous year's figure. Overall, the harvested area, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to anise, badian, fennel and coriander production reached the maximum at X ha in 2021, and then shrank in the following year.

Exports of Anise, Badian, Fennel And Coriander

Exports in ASEAN

In 2022, exports of anise, badian, fennel and coriander in ASEAN fell sharply to X tons, with a decrease of X% against the previous year's figure. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank significantly in the following year.

In value terms, anise, badian, fennel and coriander exports contracted rapidly to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

Vietnam prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Myanmar (X tons) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%). Singapore (X tons) held a minor share of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest anise, badian, fennel and coriander supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In Vietnam, anise, badian, fennel and coriander exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, showed a pronounced increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Imports of Anise, Badian, Fennel And Coriander

Imports in ASEAN

In 2022, after four years of growth, there was decline in purchases abroad of anise, badian, fennel and coriander, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, anise, badian, fennel and coriander imports rose markedly to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Indonesia (X tons) and Malaysia (X tons) prevails in imports structure, together generating X% of total imports. Thailand (X tons) ranks next in terms of the total imports with an X% share, followed by Vietnam (X%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest anise, badian, fennel and coriander importing markets in ASEAN were Malaysia ($X), Indonesia ($X) and Vietnam ($X), with a combined X% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :