Price for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in Latvia - 2023

Contents:

1. Price for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in Latvia (FOB) - 2022
2. Price for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in Latvia (CIF) - 2022
3. Exports of Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in Latvia
4. Imports of Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in Latvia

Price for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in Latvia (FOB) - 2022

In 2022, the average export price for seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground amounted to $2,984 per ton, which is down by -35.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 169%. The export price peaked at $7,344 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($3,691 per ton), while the average price for exports to Russia ($1,020 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 Lithuania (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in Latvia (CIF) - 2022

The average import price for seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground stood at $2,146 per ton in 2022, reducing by -28.8% against the previous year. Over the period under review, the import price showed a slight descent. The pace of growth appeared the most rapid in 2019 when the average import price increased by 80%. As a result, import price reached the peak level of $5,218 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 Germany ($17,079 per ton), while the price for Egypt ($969 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.4%), while the prices for the other major suppliers experienced a decline.

Exports of Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in Latvia

In 2022, overseas shipments of seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground decreased by -56% to 24 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 160% against the previous year. As a result, the exports attained the peak of 55 tons, and then dropped dramatically in the following year.

In value terms, exports of seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground declined sharply to $72K in 2022. Over the period under review, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 138%.

Top Export Markets for Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground from Latvia in 2022:

1. Romania (7.4 tons)
2. Hungary (6.5 tons)
3. Poland (3.6 tons)
4. Russia (2.1 tons)
5. Slovakia (1.4 tons)
6. Bulgaria (1.4 tons)
7. Czech Republic (0.8 tons)

Imports of Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground in Latvia

In 2022, imports of seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground into Latvia soared to 30 tons, with an increase of 153% against 2021. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 263% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of seeds of anise, badian, caraway or fennel; juniper berries, crushed or ground surged to $65K in 2022. Overall, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 113% against the previous year. As a result, imports reached the peak of $91K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Seeds of Anise, Badian, Caraway or Fennel; Juniper Berries, Crushed or Ground to Latvia in 2022:

1. Poland (25.9 tons)
2. Lithuania (1.7 tons)
3. Egypt (1.5 tons)

Source: IndexBox Market Intelligence Platform