Spices; Saffron Price in Colombia - 2022
Contents:
- Spices; Saffron Price in Colombia (CIF) - 2022
- Spices; Saffron Price in Colombia (FOB) - 2022
- Spices; Saffron Imports in Colombia
- Spices; Saffron Exports in Colombia
Spices; Saffron Price in Colombia (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $176,797 per ton, increasing by 4.4% against the previous year. Overall, the import price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2018 an increase of 76% against the previous year. The import price peaked at $256,659 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($369,939 per ton), while the price for Italy ($9,600 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.7%), while the prices for the other major suppliers experienced a decline.
Spices; Saffron Price in Colombia (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $4,333 per ton, picking up by 333% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The export price peaked at $10,000 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($8,000 per ton), while the average price for exports to Aruba totaled $2,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (-0.6%).
Spices; Saffron Imports in Colombia
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; saffra, when their volume decreased by -8.3% to 330 kg. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 75% against the previous year.
In value terms, spices; saffron imports fell slightly to $58K in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 54% against the previous year.
| Import of Spices; Saffron in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.2 | 2.8 | 5.3 | 12.2 | 42.7% |
| United States | 6.0 | 5.3 | 3.7 | 11.4 | 23.9% |
| Spain | 17.7 | 25.7 | 24.2 | 11.1 | -14.4% |
| Italy | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Others | 8.2 | 21.9 | 27.6 | 23.4 | 41.8% |
| Total | 36.2 | 55.7 | 61.0 | 58.3 | 17.2% |
Top Suppliers of Spices; Saffron to Colombia in 2022:
- Spain (164.0 kg)
- United States (67.0 kg)
- France (33.0 kg)
- Italy (30.0 kg)
Spices; Saffron Exports in Colombia
In 2022, the amount of spices; saffra exported from Colombia skyrocketed to 6 kg, growing by 100% on 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 117% against the previous year. As a result, the exports reached the peak of 13 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; saffron exports skyrocketed to $26 in 2022. Over the period under review, exports, however, showed a perceptible slump.
| Export of Spices; Saffron in Colombia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Aruba | 10.0 | 24.0 | 1.0 | 10.0 | 0.0% |
| France | 20.0 | 27.0 | 1.0 | 8.0 | -26.3% |
| Ukraine | N/A | N/A | 1.0 | N/A | 0% |
| Others | N/A | N/A | N/A | 8.0 | 0% |
| Total | 30.0 | 51.0 | 3.0 | 26.0 | -4.7% |
Top Export Markets for Spices; Saffron from Colombia in 2022:
- Aruba (4.0 kg)
- France (1.0 kg)
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