Vietnam: Exporting anise flowers earns tens of millions of dollars

Published Jul 12, 2024

Tridge summary

In June, Vietnam emerged as the largest exporter of anise, shipping out 1,548 tons with a value of 6.7 million USD, despite a slight decrease from the previous month. The first half of the year saw Vietnam export a total of 7,023 tons of star anise, generating 34.2 million USD, marking a decrease from the same period in 2023. India remains the primary consumer, accounting for 63% of the total imports. With the global anise production industry expected to grow from 21.3 billion USD in 2021 to 27.4 billion USD in 2026, Vietnam's anise cultivation, mainly in Lang Son and Cao Bang provinces, is poised for significance. Anise, known for its culinary and therapeutic uses, is a rare and valuable crop due to its long cultivation cycle, with harvesting possible from the fourth year and the ability to yield two crops per year after 16 years.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to statistics from the Vietnam Pepper and Spice Association (VPSA), Vietnam's anise exports in June reached 1,548 tons, with a turnover of 6.7 million USD, compared to the previous month's export volume. decreased by 0.8%. Prosi Thang Long was the largest export enterprise in the month, accounting for 13.8% reaching 213 tons. Exporting star anise, Vietnam earns tens of millions of dollars. Accumulated in the first 6 months of this year, Vietnam exported 7,023 tons of star anise, total export turnover reached 34.2 million USD, compared to the same period in 2023, export volume decreased by 5.6%, turnover decreased by 25%, 3%. India is the largest export market of Vietnamese star anise with 4,410 tons, accounting for 63% of Vietnam's total importers. According to statistics from the World Spice Organization, Vietnam's anise production ranks second globally. With anise, Vietnam is a potential supplier to the world spice and flavoring market - worth 21.3 billion USD in 2021 ...

Source: VNRuralEconomics