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

Contents:

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

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

The average import price for anise, badian, fennel and coriander stood at $6,745 per ton in 2022, growing by 2.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 13%. The import price peaked in 2022 and is expected to retain 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 China ($16,852 per ton), while the price for Italy ($2,773 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for anise, badian, fennel and coriander amounted to $18,579 per ton, dropping by -15.6% against the previous year. Over the period under review, the export price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2020 an increase of 159% against the previous year. The export price peaked at $22,009 per ton in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($21,844 per ton), while the average price for exports to Switzerland ($4,900 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 Sweden (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel and Coriander in Norway

In 2022, supplies from abroad of anise, badian, fennel and coriander decreased by -8.3% to 222 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 24% against the previous year. As a result, imports reached the peak of 244 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander imports shrank to $1.5M in 2022. The total import value increased at an average annual rate of +10.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year.

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

1. India (87.6 tons)
2. Netherlands (14.8 tons)
3. Turkey (14.4 tons)
4. Germany (12.8 tons)
5. Spain (11.1 tons)
6. Italy (9.3 tons)
7. Vietnam (8.7 tons)
8. Syrian Arab Republic (8.5 tons)
9. Czech Republic (6.8 tons)
10. Finland (6.0 tons)
11. China (5.3 tons)
12. Romania (5.0 tons)
13. North Macedonia (3.9 tons)

Exports of Anise, Badian, Fennel and Coriander in Norway

After three years of growth, overseas shipments of anise, badian, fennel and coriander decreased by -33.5% to 2.1 tons in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,372% against the previous year.

In value terms, anise, badian, fennel and coriander exports fell notably to $39K in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 3,720%.

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

1. Sweden (1688.0 kg)
2. Switzerland (270.0 kg)
3. United Kingdom (150.0 kg)

Source: IndexBox Market Intelligence Platform