Price for Anise, Badian, Fennel and Coriander in the UK - 2023

Contents:

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

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

In June 2023, the average import price for anise, badian, fennel and coriander amounted to $3,629 per ton, declining by -6.9% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.6%. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 44% month-to-month. As a result, import price reached the peak level of $3,964 per ton. From March 2023 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($11,929 per ton), while the price for Argentina ($1,040 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for anise, badian, fennel and coriander stood at $7,045 per ton in June 2023, growing by 7% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 48% m-o-m. Over the period under review, the average export prices hit record highs at $7,297 per ton in February 2023; however, from March 2023 to June 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($18,888 per ton), while the average price for exports to the Netherlands ($4,746 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel and Coriander in the UK

Anise, badian, fennel and coriander imports into the UK totaled 16K tons in 2022, therefore, remained relatively stable against the previous year. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, imports attained the peak of 16K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, anise, badian, fennel and coriander imports amounted to $50M in 2022. The total import value increased at an average annual rate of +9.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 12%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. India (7.9K tons)
2. Bulgaria (1.2K tons)
3. Turkey (1.1K tons)
4. Russia (1.0K tons)
5. Argentina (0.7K tons)
6. Ukraine (0.5K tons)
7. Italy (0.5K tons)
8. Spain (0.5K tons)
9. Vietnam (0.4K tons)
10. Morocco (0.3K tons)
11. Germany (0.3K tons)

Exports of Anise, Badian, Fennel and Coriander in the UK

In 2022, anise, badian, fennel and coriander exports from the UK totaled 1K tons, increasing by 2.3% on the previous year. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 10% against the previous year. As a result, the exports attained the peak of 1.9K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, anise, badian, fennel and coriander exports declined rapidly to $6M in 2022. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 19%. As a result, the exports attained the peak of $11M. From 2021 to 2022, the growth of the exports failed to regain momentum.

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

1. France (195.9 tons)
2. Ireland (165.6 tons)
3. Netherlands (153.3 tons)
4. South Africa (86.1 tons)
5. Australia (50.8 tons)
6. Turkey (45.9 tons)
7. Poland (43.4 tons)
8. Italy (27.2 tons)
9. Liberia (26.2 tons)
10. Germany (21.9 tons)
11. Denmark (21.0 tons)
12. Spain (17.9 tons)
13. Belgium (15.0 tons)

Source: IndexBox Market Intelligence Platform