Market Size for Anise, Badian, Fennel and Coriander in Ecuador - 2022

Anise, Badian, Fennel and Coriander Consumption in Ecuador - 2022

In 2022, consumption of anise, badian, fennel and coriander in Ecuador dropped modestly to 3.5K tons, with a decrease of -5% compared with the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at 3.7K tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The revenue of the market for anise, badian, fennel and coriander in Ecuador soared to $12M in 2022, surging by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent expansion from 2017 to 2022: its value increased at an average annual rate of +6.2% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +134.9% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Source: IndexBox Market Intelligence Platform