Overview of the Market for Anise, Badian, Fennel And Coriander in Argentina
In value terms, anise, badian, fennel and coriander production declined remarkably to $ in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by % year-to-year. Over the period under review, production attained the maximum level at $ in 2016; however, from 2017 to 2019, production failed to regain the momentum.
The average yield of anise, badian, fennel and coriander in Argentina reached kg per ha in 2019, approximately mirroring the year before. The yield figure increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of % y-o-y. The anise, badian, fennel and coriander yield peaked in 2019 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the harvested area of anise, badian, fennel and coriander in Argentina was estimated at ha, remaining constant against 2018. Over the period under review, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the harvested area increased by % against the previous year. The anise, badian, fennel and coriander harvested area peaked in 2019 and is expected to retain growth in the immediate term.
The value of the market for anise, badian, fennel and coriander in Argentina fell to $ in 2019, which is down by -% 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, consumption recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when the market value increased by % year-to-year. Anise, badian, fennel and coriander consumption peaked at $ in 2009; however, from 2010 to 2019, consumption stood at a somewhat lower figure.