Spices; Saffron Price in Germany - 2023
Contents:
- Spices; Saffron Price in Germany (CIF) - 2023
- Spices; Saffron Price in Germany (FOB) - 2023
- Spices; Saffron Imports in Germany
- Spices; Saffron Exports in Germany
Spices; Saffron Price in Germany (CIF) - 2023
The average spices; saffron import price stood at $666K per ton in July 2023, waning by -49.3% against the previous month. Over the period under review, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 78% month-to-month. Over the period under review, average import prices attained the peak figure at $1.3M per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Spain ($1.2M per ton), while the price for Afghanistan ($232K per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (-1.2%), while the prices for the other major suppliers experienced a decline.
Spices; Saffron Price in Germany (FOB) - 2023
In July 2023, the average spices; saffron export price amounted to $712K per ton, declining by -54.9% against the previous month. In general, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in October 2022 an increase of 77% m-o-m. The export price peaked at $2.2M per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($2.7M per ton), while the average price for exports to Italy ($63,730 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Saffron Imports in Germany
After three years of growth, purchases abroad of spices; saffra decreased by -31.3% to 3.3 tons in 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. As a result, imports attained the peak of 4.8 tons, and then shrank markedly in the following year.
In value terms, spices; saffron imports contracted markedly to $3.7M in 2022. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 24%.
Import of Spices; Saffron in Germany (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | 2,620 | 1,834 | 2,667 | 1,917 | -9.9% |
Spain | 1,578 | 1,012 | 986 | 986 | -14.5% |
Afghanistan | 108 | 265 | 373 | 199 | 22.6% |
Iraq | 0.2 | 6.9 | N/A | 130 | 766.2% |
Austria | 159 | 194 | 350 | 101 | -14.0% |
Italy | 117 | 87.3 | 89.1 | 97.5 | -5.9% |
United Arab Emirates | 45.6 | 181 | 8.0 | 4.2 | -54.8% |
Others | 244 | 269 | 285 | 252 | 1.1% |
Total | 4,873 | 3,850 | 4,758 | 3,687 | -8.9% |
Top Suppliers of Spices; Saffron to Germany in 2022:
- Iran (1753.0 kg)
- Spain (923.0 kg)
- Afghanistan (192.0 kg)
- Italy (137.0 kg)
- Iraq (88.0 kg)
- Austria (84.0 kg)
- United Arab Emirates (6.0 kg)
Spices; Saffron Exports in Germany
In 2022, approx. 1.1 tons of spices; saffra were exported from Germany; with an increase of 18% on the previous year's figure. Over the period under review, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 27%.
In value terms, spices; saffron exports rose slightly to $1.6M in 2022. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 8.1% against the previous year.
Export of Spices; Saffron in Germany (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 208 | 201 | 237 | 262 | 8.0% |
Vietnam | 13.9 | 56.9 | 224 | 246 | 160.6% |
United States | 105 | 74.7 | 75.0 | 175 | 18.6% |
Austria | 239 | 230 | 138 | 144 | -15.5% |
Italy | 304 | 244 | 194 | 114 | -27.9% |
Romania | 53.3 | 19.4 | 48.2 | 110 | 27.3% |
France | 203 | 82.2 | 172 | 104 | -20.0% |
Netherlands | 94.5 | 41.5 | 35.2 | 65.6 | -11.5% |
Poland | 109 | 41.6 | 55.2 | 37.9 | -29.7% |
Denmark | 42.0 | 38.2 | 28.3 | 35.7 | -5.3% |
United Kingdom | 13.3 | 6.6 | 43.2 | 32.7 | 35.0% |
Thailand | N/A | N/A | N/A | 22.6 | 0% |
Belgium | 13.7 | 21.2 | 19.9 | 18.8 | 11.1% |
Others | 666 | 363 | 265 | 193 | -33.8% |
Total | 2,065 | 1,420 | 1,535 | 1,560 | -8.9% |
Top Export Markets for Spices; Saffron from Germany in 2022:
- Switzerland (213.0 kg)
- Vietnam (182.0 kg)
- United States (150.0 kg)
- Thailand (70.0 kg)
- Austria (54.0 kg)
- Italy (43.0 kg)
- Netherlands (42.0 kg)
- France (38.0 kg)
- United Kingdom (37.0 kg)
- Denmark (33.0 kg)
- Romania (26.0 kg)
- Poland (16.0 kg)
- Belgium (16.0 kg)
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