Price for Anise, Badian, Fennel and Coriander in Ecuador - 2022

Contents:

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

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

The average import price for anise, badian, fennel and coriander stood at $3,417 per ton in January 2022, growing by 23% against the previous month. Overall, the import price recorded buoyant growth. The growth pace was the most rapid in November 2021 an increase of 78% m-o-m. As a result, import price attained the peak level of $5,066 per ton. From December 2021 to January 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Vietnam ($9,366 per ton), while the price for India ($2,624 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+43.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for anise, badian, fennel and coriander stood at $1,754 per ton in 2022, declining by -58.3% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 69%. Over the period under review, the average export prices hit record highs at $6,678 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($9,533 per ton), while the average price for exports to Colombia ($1,182 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.6%), while the prices for the other major destinations experienced a decline.

Imports of Anise, Badian, Fennel and Coriander in Ecuador

In 2022, purchases abroad of anise, badian, fennel and coriander decreased by -4.6% to 1.7K tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 14%. As a result, imports reached the peak of 1.9K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, anise, badian, fennel and coriander imports soared to $6.3M in 2022. The total import value increased at an average annual rate of +10.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. India (1271.4 tons)
2. Vietnam (120.1 tons)
3. Spain (111.8 tons)
4. Syrian Arab Republic (104.5 tons)
5. Egypt (52.0 tons)
6. Turkey (28.0 tons)

Exports of Anise, Badian, Fennel and Coriander in Ecuador

After three years of growth, overseas shipments of anise, badian, fennel and coriander decreased by -92.2% to 1.1 tons in 2022. Overall, exports showed a dramatic contraction. The growth pace was the most rapid in 2021 with an increase of 51%. As a result, the exports attained the peak of 14 tons, and then dropped significantly in the following year.

In value terms, anise, badian, fennel and coriander exports declined rapidly to $1.9K in 2022. In general, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of $59K, and then shrank dramatically in the following year.

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

1. Colombia (1015.0 kg)
2. United States (75.0 kg)
3. Panama (5.0 kg)

Source: IndexBox Market Intelligence Platform