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

Price for Anise, Badian, Fennel and Coriander in Ireland (CIF) - 2023

In July 2023, the average import price for anise, badian, fennel and coriander amounted to $8,079 per ton, with a decrease of -12.6% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.7%. The pace of growth was the most pronounced in June 2023 when the average import price increased by 30% month-to-month. Over the period under review, average import prices hit record highs at $9,477 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Serbia ($13,701 per ton), while the price for Bangladesh ($5,390 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for anise, badian, fennel and coriander stood at $10,142 per ton in 2022, with a decrease of -1.7% against the previous year. Over the period under review, the export price, however, saw a modest increase. The most prominent rate of growth was recorded in 2018 an increase of 86%. The export price peaked at $10,314 per ton in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +3.1% per year.

Imports of Anise, Badian, Fennel and Coriander in Ireland

In 2022, imports of anise, badian, fennel and coriander into Ireland declined dramatically to 272 tons, reducing by -17.1% compared with the previous year's figure. Over the period under review, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 110% against the previous year. As a result, imports reached the peak of 328 tons, and then contracted notably in the following year.

In value terms, anise, badian, fennel and coriander imports shrank significantly to $2M in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 114%. As a result, imports attained the peak of $2.3M, and then dropped notably in the following year.

Import of Anise, Badian, Fennel and Coriander in Ireland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	404	925	642	659	17.7%
Turkey	210	0.2	340	249	5.8%
Vietnam	25.6	23.8	115	233	108.8%
Netherlands	39.3	36.0	52.9	128	48.2%
Spain	N/A	7.6	55.3	102	266.3%
India	20.7	4.0	422	67.8	48.5%
Pakistan	0.3	1.1	17.1	65.3	501.5%
Germany	84.5	41.3	44.8	63.3	-9.2%
China	4.5	N/A	37.1	63.1	141.1%
Belgium	1.2	N/A	18.9	61.8	272.1%
North Macedonia	N/A	N/A	140	54.3	-61.2%
France	26.2	10.7	26.2	53.5	26.9%
Switzerland	51.9	N/A	15.2	N/A	-45.9%
Others	256	47.6	424	160	-14.5%
Total	1,125	1,098	2,349	1,961	20.3%

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

Switzerland (undefined tons)
United Kingdom (95.3 tons)
Vietnam (27.2 tons)
Netherlands (25.3 tons)
Spain (24.0 tons)
Turkey (20.9 tons)
Belgium (18.1 tons)
Pakistan (11.3 tons)
India (11.0 tons)
Germany (6.9 tons)
France (5.6 tons)
China (5.6 tons)
North Macedonia (5.5 tons)

Exports of Anise, Badian, Fennel and Coriander in Ireland

In 2022, exports of anise, badian, fennel and coriander from Ireland soared to 9.9 tons, rising by 126% compared with the year before. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, anise, badian, fennel and coriander exports skyrocketed to $100K in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 139% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.