Spices; Saffron Price in Guatemala - 2023
Contents:
Spices; Saffron Price in Guatemala (CIF) - 2022
The average spices; saffron import price stood at $11,434 per ton in 2022, picking up by 49% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; saffron import price increased by +76.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($14,588 per ton), while the price for the United States ($3,966 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 (+2.7%), while the prices for the other major suppliers experienced a decline.
Spices; Saffron Imports in Guatemala
In 2022, approx. 1.9 tons of spices; saffra were imported into Guatemala; growing by 56% against the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt setback.
In value terms, spices; saffron imports skyrocketed to $22K in 2022. Overall, imports recorded a resilient increase.
| Import of Spices; Saffron in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.6 | 2.1 | 4.2 | 13.1 | 101.6% |
| Spain | 3.0 | 2.1 | 3.1 | 7.7 | 36.9% |
| United States | 3.6 | 5.0 | 1.8 | 1.1 | -32.6% |
| Israel | N/A | N/A | N/A | 0.2 | 0% |
| Costa Rica | 2.8 | 4.9 | N/A | N/A | 75.0% |
| Others | 7.8 | 8.0 | 0.4 | N/A | -77.4% |
| Total | 18.8 | 22.1 | 9.5 | 22.0 | 5.4% |
Top Suppliers of Spices; Saffron to Guatemala in 2022:
- Germany (1092.0 kg)
- Spain (527.0 kg)
- United States (266.0 kg)
- Israel (38.0 kg)
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