Market for Anise, Badian, Fennel And Coriander in Guatemala
In value terms, anise, badian, fennel and coriander production skyrocketed to $ in estimated in export price. In general, production saw significant growth. The pace of growth appeared the most rapid in when the production volume increased by %. As a result, production reached the peak level of $. From to , production growth remained at a somewhat lower figure.
In , the average anise, badian, fennel and coriander yield in Guatemala reached tons per ha, approximately mirroring figures. The yield figure increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of % against the previous year. The anise, badian, fennel and coriander yield peaked at tons per ha in ; afterwards, it flattened through to . Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the total area harvested in terms of anise, badian, fennel and coriander production in Guatemala reduced to ha, remaining relatively unchanged against the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of %. Over the period under review, the harvested area dedicated to anise, badian, fennel and coriander production attained the maximum at ha in 2013; however, from 2014 to , the harvested area remained at a lower figure.
The size of the market for anise, badian, fennel and coriander in Guatemala expanded remarkably to $ in , rising 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, the total consumption indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption reached the peak level of $. From to , the growth of the market failed to regain momentum.
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .