The global anise (star anise) market has entered a dynamic phase in 2025, with Vietnam at the forefront as a leading exporter. April saw a remarkable surge in Vietnamese star anise exports, reaching 2,436 tons valued at over 9.7 million USD—a 65.8% increase in volume and a 90.2% jump in value compared to the previous year. The first four months of 2025 continued this trend, with cumulative exports of 5,931 tons and revenues of 21.9 million USD. These figures underscore Vietnam’s strong position, especially as India remains the dominant destination, accounting for 77% of export volume. The robust Indian demand is fueled by the country's vast population, deep-rooted culinary traditions, and its role as a hub for pharmaceutical and cosmetic industries where star anise is a key input. However, the market faces challenges: despite the recent uptick, 2024 exports were down 5.7% in volume and 16.2% in value compared to 2023, reflecting price pressures and shifting global trade dynamics. Strategic trade agreements, branding initiatives, and investments in processing technology are now pivotal for Vietnam to capture more value and adapt to evolving market needs. As the sector transitions towards sustainable, high-value products, weather patterns and global supply chain shifts will play a crucial role in shaping prices and supply in the months ahead.

📈 Prices: Current Market Overview

🌍 Supply & Demand

• Vietnam: Exported 5,931 tons (Jan–Apr 2025), up 63% YoY; 2024 total exports: 14,004 tons (down 5.7% YoY).
• India: Main export market, absorbing 77% of Vietnam's star anise exports (4,571 tons Jan–Apr 2025), driven by food, pharma, and cosmetics demand.
• Price Stability: Prices have stabilized after 2024’s decline, supported by strong Indian demand and improved trade logistics.
• Trade Policies: Bilateral agreements between Vietnam and India have reduced tariff barriers, supporting trade flows.
• Processing Shift: Vietnam’s industry is moving toward higher-value products (essential oils, powders) to meet market diversification and value chain integration.

📊 Fundamentals & Market Drivers

• USDA & Crop Reports: No direct USDA reporting, but local Vietnamese and Indian data indicate robust 2025 harvests and export availability.
• Speculative Positioning: Limited speculative trading; market is driven by physical demand from food, pharma, and cosmetic sectors.
• Inventories: Global stocks remain adequate, but inventory drawdowns in India suggest ongoing strong demand.
• Branding & Technology: Investment in "Hồi Lạng Sơn" branding and adoption of modern processing tech are expected to boost export competitiveness.

🌦️ Weather Outlook

• Vietnam (Lạng Sơn, Yên Bái): Recent weather has been favorable, with adequate rainfall and mild temperatures supporting healthy flowering and fruit set for the 2025 harvest.
• Forecast (Next 2 Weeks): Continued mild weather, with scattered showers, no major threats to yield expected. Crop conditions remain positive.
• India (Key Importer): Monsoon outlook is normal, supporting steady demand for imports as domestic production remains limited.

🌐 Global Production & Stock Comparison

*Estimated based on export and domestic consumption data.

📆 Trading Outlook & Recommendations

• 🔹 For Exporters: Maintain focus on Indian market, leverage trade agreements, and invest in value-added processing (essential oils, powders).
• 🔹 For Importers: Secure contracts early as Indian demand remains robust; monitor Vietnamese crop progress for potential supply shifts.
• 🔹 For Investors/Traders: Market is stable with limited volatility—opportunities lie in value chain investments and branding initiatives.
• 🔹 Watch for: Weather anomalies in Vietnam, changes in Indian import policy, and global supply chain disruptions.

⏳ 3-Day Regional Price Forecast (Key Exchanges)