Spices; Saffron Price in Croatia - 2023
Contents:
- Spices; Saffron Price in Croatia (CIF) - 2022
- Spices; Saffron Price in Croatia (FOB) - 2022
- Spices; Saffron Imports in Croatia
- Spices; Saffron Exports in Croatia
Spices; Saffron Price in Croatia (CIF) - 2022
The average spices; saffron import price stood at $995,385 per ton in 2022, surging by 13% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2016 an increase of 689%. As a result, import price attained the peak level of $2,488 per kg. From 2017 to 2022, the average import prices failed to regain momentum.
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 Germany ($3,100,500 per ton), while the price for the Netherlands ($18,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in Croatia (FOB) - 2022
The average spices; saffron export price stood at $247,606 per ton in 2022, with an increase of 112% against the previous year. Overall, the export price posted strong growth. The growth pace was the most rapid in 2014 when the average export price increased by 269% against the previous year. Over the period under review, the average export prices attained the maximum at $358,957 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($5,438,000 per ton), while the average price for exports to Bosnia and Herzegovina ($70,761 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+47.5%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Croatia
In 2022, the amount of spices; saffra imported into Croatia surged to 65 kg, rising by 41% compared with 2021. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.0% 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 +66.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; saffron imports surged to $65K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Saffron in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 22.5 | 19.0 | 24.6 | 34.0 | 14.8% |
| Italy | 15.2 | 25.8 | 6.1 | 19.4 | 8.5% |
| Germany | 9.9 | 1.1 | 6.5 | 6.2 | -14.4% |
| Iran | N/A | 2.0 | N/A | 3.8 | 37.8% |
| Romania | 1.7 | 1.0 | 1.5 | 0.8 | -22.2% |
| France | 0.1 | 0.9 | 1.1 | 0.2 | 26.0% |
| Slovenia | 2.2 | 0.1 | 0.1 | 0.1 | -64.3% |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| Others | 1.1 | N/A | 0.5 | 0.3 | -35.2% |
| Total | 52.6 | 49.8 | 40.5 | 64.7 | 7.1% |
Top Suppliers of Spices; Saffron to Croatia in 2022:
- Italy (31.0 kg)
- Austria (22.0 kg)
- France (3.0 kg)
- Romania (2.0 kg)
- Iran (2.0 kg)
- Germany (2.0 kg)
- Netherlands (1.0 kg)
- Slovenia (1.0 kg)
Spices; Saffron Exports in Croatia
After three years of growth, shipments abroad of spices; saffra decreased by -54.8% to 99 kg in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 164%. As a result, the exports attained the peak of 219 kg, and then fell rapidly in the following year.
In value terms, spices; saffron exports declined slightly to $25K in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. As a result, the exports attained the peak of $26K, and then declined modestly in the following year.
| Export of Spices; Saffron in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 6.4 | 2.5 | 5.9 | 10.9 | 19.4% |
| Slovenia | 5.2 | 5.0 | 5.0 | 6.2 | 6.0% |
| Bosnia and Herzegovina | 3.7 | 3.6 | 4.1 | 4.7 | 8.3% |
| Serbia | 1.3 | 3.7 | 10.1 | 2.6 | 26.0% |
| Others | N/A | N/A | 0.5 | 0.1 | -80.0% |
| Total | 16.5 | 14.9 | 25.6 | 24.5 | 14.1% |
Top Export Markets for Spices; Saffron from Croatia in 2022:
- Bosnia and Herzegovina (67.0 kg)
- Slovenia (23.0 kg)
- Serbia (5.0 kg)
- Montenegro (2.0 kg)
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