Spices; Saffron Price in Ecuador - 2021
Contents:
Spices; Saffron Price in Ecuador (CIF) - 2022
The average spices; saffron import price stood at $765,688 per ton in 2022, with a decrease of -48.3% against the previous year. Overall, the import price, however, showed a significant increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 89%. The import price peaked at $1,480,556 per ton in 2021, and then reduced sharply in the following year.
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 Iran ($2,378,000 per ton), while the price for the United States ($300,818 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Imports in Ecuador
In 2022, imports of spices; saffra into Ecuador surged to 16 kg, picking up by 78% on the year before. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; saffron imports shrank to $12K in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 194% against the previous year.
| Import of Spices; Saffron in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 0.8 | 3.3 | 3.4 | 7.1 | 107.0% |
| United States | 1.3 | 2.7 | 1.6 | 3.3 | 36.4% |
| Spain | 0.8 | 1.7 | 4.2 | 0.9 | 4.0% |
| Others | 0.8 | 3.6 | 4.2 | 0.9 | 4.0% |
| Total | 3.8 | 11.2 | 13.3 | 12.3 | 47.9% |
Top Suppliers of Spices; Saffron to Ecuador in 2022:
- United States (11.0 kg)
- Iran (3.0 kg)
- Spain (1.0 kg)
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