Spices; Saffron Price in Bolivia - 2023
Contents:
Spices; Saffron Price in Bolivia (CIF) - 2022
The average spices; saffron import price stood at $101,789 per ton in 2022, increasing by 142% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 425% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($140,925 per ton), while the price for the United States totaled $9,706 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.4%), while the prices for the other major suppliers experienced a decline.
Spices; Saffron Imports in Bolivia
In 2022, the amount of spices; saffra imported into Bolivia contracted markedly to 57 kg, waning by -57.5% on 2021 figures. Over the period under review, imports saw a dramatic decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 65%.
In value terms, spices; saffron imports rose slightly to $5.8K in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 28%.
| Import of Spices; Saffron in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.4 | 3.9 | 5.2 | 5.6 | 1.2% |
| United States | 0.8 | 0.3 | 0.3 | 0.2 | -37.0% |
| Italy | 0.4 | N/A | N/A | N/A | 0% |
| Brazil | N/A | N/A | 0.2 | N/A | 0% |
| Others | 0.1 | 0.3 | N/A | N/A | 200.0% |
| Total | 6.8 | 4.4 | 5.6 | 5.8 | -5.2% |
Top Suppliers of Spices; Saffron to Bolivia in 2022:
- Spain (40.0 kg)
- United States (17.0 kg)
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