Peru: Market for Anise, Badian, Fennel And Coriander 2024

Market Size for Anise, Badian, Fennel And Coriander in Peru

In 2023, the Peruvian market for anise, badian, fennel and coriander was finally on the rise to reach $X after two years of decline. In general, consumption recorded a resilient increase. Anise, badian, fennel and coriander consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Production of Anise, Badian, Fennel And Coriander in Peru

In value terms, anise, badian, fennel and coriander production surged to $X in 2023 estimated in export price. Overall, production, however, recorded a abrupt setback. Anise, badian, fennel and coriander production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

The average yield of anise, badian, fennel and coriander in Peru rose notably to X tons per ha in 2023, with an increase of X% on 2022 figures. In general, the yield saw temperate growth. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. Over the period under review, the average anise, badian, fennel and coriander yield hit record highs at X tons per ha in 2021; however, from 2022 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the anise, badian, fennel and coriander harvested area in Peru soared to X ha, with an increase of X% on 2022 figures. Over the period under review, the harvested area, however, showed a abrupt decrease. Over the period under review, the harvested area dedicated to anise, badian, fennel and coriander production attained the peak figure at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.

Exports of Anise, Badian, Fennel And Coriander

Exports from Peru

In 2023, after two years of growth, there was significant decline in overseas shipments of anise, badian, fennel and coriander, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, anise, badian, fennel and coriander exports contracted to $X in 2023. Over the period under review, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for anise, badian, fennel and coriander exports from Peru, accounting for a X% share of total exports. Moreover, anise, badian, fennel and coriander exports to the United States exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Colombia (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for anise, badian, fennel and coriander exports from Peru, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2023, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Spain (X% per year).

Export Prices by Country

In 2023, the average export price for anise, badian, fennel and coriander amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Anise, Badian, Fennel And Coriander

Imports into Peru

In 2023, purchases abroad of anise, badian, fennel and coriander increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports recorded a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, anise, badian, fennel and coriander imports soared to $X in 2023. Overall, imports showed a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, India (X tons) constituted the largest anise, badian, fennel and coriander supplier to Peru, with a X% share of total imports. Moreover, anise, badian, fennel and coriander imports from India exceeded the figures recorded by the second-largest supplier, Syrian Arab Republic (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (X% per year) and Spain (X% per year).

In value terms, India ($X) constituted the largest supplier of anise, badian, fennel and coriander to Peru, comprising X% of total imports. The second position in the ranking was taken by Syrian Arab Republic ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Syrian Arab Republic (X% per year) and Spain (X% per year).

Import Prices by Country

The average import price for anise, badian, fennel and coriander stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform