Updated Jan 22, 2023 05:53

Market for Anise, Badian, Fennel And Coriander in Honduras

Market Overview
In , after four years of growth, there was decline in the Honduran market for anise, badian, fennel and coriander, when its value decreased by -% to $. Over the period under review, the total consumption indicated a notable expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Anise, badian, fennel and coriander consumption peaked at $ in , and then dropped slightly in the following year.


Consumption
In , after four years of growth, there was decline in consumption of anise, badian, fennel and coriander, when its volume decreased by -% to tons. Overall, the total consumption indicated measured growth from 2007 to : its volume 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 increased by +% against 2016 indices. Anise, badian, fennel and coriander consumption peaked at tons in , and then fell in the following year.

The size of the market for anise, badian, fennel and coriander in Honduras fell modestly to $ in , dropping 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). In general, the total consumption indicated notable 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 increased by +% against 2016 indices. Anise, badian, fennel and coriander consumption peaked at $ in , and then shrank in the following year.


Market Forecast
Driven by increasing demand for anise, badian, fennel and coriander in Honduras, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

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 .


Market Structure
Anise, badian, fennel and coriander market in Honduras consists almost entirely of imported products.


Trade Balance
Honduras remains a net importer of anise, badian, fennel and coriander; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.