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

Contents:

1. Price for Anise, Badian, Fennel and Coriander in Belgium (CIF) - 2022
2. Price for Anise, Badian, Fennel and Coriander in Belgium (FOB) - 2023
3. Imports of Anise, Badian, Fennel and Coriander in Belgium
4. Exports of Anise, Badian, Fennel and Coriander in Belgium

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

The average import price for anise, badian, fennel and coriander stood at $4,005 per ton in 2022, increasing by 2% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2017 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($6,850 per ton), while the price for Poland ($1,533 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Anise, Badian, Fennel and Coriander in Belgium (FOB) - 2023

In July 2023, the average export price for anise, badian, fennel and coriander amounted to $6,609 per ton, with an increase of 62% against the previous month. Overall, export price indicated a slight increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, anise, badian, fennel and coriander export price increased by +61.8% against June 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was the UK ($7,824 per ton), while the average price for exports to Spain ($4,725 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel and Coriander in Belgium

For the fourth consecutive year, Belgium recorded growth in overseas purchases of anise, badian, fennel and coriander, which increased by 1.6% to 1.8K tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, anise, badian, fennel and coriander imports totaled $7.1M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

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

1. Netherlands (438.4 tons)
2. Germany (355.3 tons)
3. Poland (255.5 tons)
4. Turkey (240.8 tons)
5. India (161.0 tons)
6. Morocco (124.9 tons)
7. Spain (57.9 tons)
8. China (21.8 tons)
9. Syrian Arab Republic (6.0 tons)
10. Egypt (0.3 tons)

Exports of Anise, Badian, Fennel and Coriander in Belgium

In 2022, after three years of growth, there was significant decline in shipments abroad of anise, badian, fennel and coriander, when their volume decreased by -20.8% to 982 tons. In general, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 55% against the previous year. As a result, the exports reached the peak of 1.2K tons, and then shrank notably in the following year.

In value terms, anise, badian, fennel and coriander exports shrank to $4.5M in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, the exports reached the peak of $5.2M, and then shrank in the following year.

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

1. Netherlands (352.2 tons)
2. France (273.2 tons)
3. Germany (162.5 tons)
4. United Kingdom (84.2 tons)
5. Ireland (36.4 tons)
6. Turkey (13.2 tons)
7. Czech Republic (10.6 tons)

Source: IndexBox Market Intelligence Platform