Spices; Saffron Price in Chile - 2023
Contents:
Spices; Saffron Price in Chile (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $83,935 per ton, picking up by 127% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($114,860 per ton), while the price for Italy totaled $9,902 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+36.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Imports in Chile
In 2022, spices; saffron imports into Chile surged to 1.4 tons, increasing by 41% on 2021. In general, imports recorded a relatively flat trend pattern.
In value terms, spices; saffron imports soared to $114K in 2022. Over the period under review, imports enjoyed a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Saffron in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 82.3 | 97.9 | 22.7 | 109 | 9.8% |
| Italy | 2.7 | 4.9 | 3.0 | 4.0 | 14.0% |
| China | 2.3 | 3.4 | 2.9 | N/A | 12.3% |
| Germany | 1.0 | 1.2 | 1.2 | N/A | 9.5% |
| Portugal | 8.0 | 2.5 | 1.8 | N/A | -52.6% |
| Others | 4.1 | 3.7 | 4.1 | 1.1 | -35.5% |
| Total | 101 | 114 | 35.7 | 114 | 4.1% |
Top Suppliers of Spices; Saffron to Chile in 2022:
- Spain (950.0 kg)
- Italy (408.0 kg)
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