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

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

The Ecuadorian market for anise, badian, fennel and coriander dropped to $X in 2021, which is down by -X% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion 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, consumption increased by +X% against 2019 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Anise, Badian, Fennel And Coriander in Ecuador

In value terms, anise, badian, fennel and coriander production expanded remarkably to $X in 2021 estimated in export prices. Over the period under review, production recorded a pronounced downturn. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

The average yield of anise, badian, fennel and coriander in Ecuador amounted to X kg per ha in 2021, standing approx. at the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. As a result, the yield reached the peak level of X kg per ha. From 2016 to 2021, the growth of the average anise, badian, fennel and coriander 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 in Ecuador amounted to X ha in 2021, stabilizing at 2020 figures. In general, the harvested area saw a mild decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to anise, badian, fennel and coriander production attained the peak figure at X ha in 2012; however, from 2013 to 2021, the harvested area remained at a lower figure.

Exports of Anise, Badian, Fennel And Coriander

Exports from Ecuador

In 2021, shipments abroad of anise, badian, fennel and coriander was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, anise, badian, fennel and coriander exports dropped rapidly to $X in 2021. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for anise, badian, fennel and coriander exports from Ecuador, accounting for a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to Colombia exceeded the volume sent to the second major destination, Spain (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Colombia stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-X% per year) and the United States (-X% per year).

In value terms, Colombia ($X) remains the key foreign market for anise, badian, fennel and coriander exports from Ecuador, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-X% per year) and the United States (-X% per year).

Export Prices by Country

The average export price for anise, badian, fennel and coriander stood at $X per ton in 2021, dropping by -X% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 an increase of X% y-o-y. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to the United States ($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 the United States (-X%), while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel And Coriander

Imports into Ecuador

In 2021, anise, badian, fennel and coriander imports into Ecuador declined to X tons, falling by -X% on the previous year. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, anise, badian, fennel and coriander imports shrank to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of anise, badian, fennel and coriander to Ecuador, with a X% share of total imports. Moreover, anise, badian, fennel and coriander imports from India exceeded the figures recorded by the second-largest supplier, Syrian Arab Republic (X tons), fivefold. The third position in this ranking was occupied by Turkey (X tons), with a X% share.

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

In value terms, India ($X) constituted the largest supplier of anise, badian, fennel and coriander to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by Syrian Arab Republic ($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 amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

The average import price for anise, badian, fennel and coriander stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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