Spices; Saffron Price in Hungary - 2023
Contents:
- Spices; Saffron Price in Hungary (CIF) - 2022
- Spices; Saffron Price in Hungary (FOB) - 2022
- Spices; Saffron Imports in Hungary
- Spices; Saffron Exports in Hungary
Spices; Saffron Price in Hungary (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $172,132 per ton, with a decrease of -6% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 210% against the previous year. As a result, import price reached the peak level of $530,654 per ton. From 2018 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 Switzerland ($1,000,000 per ton), while the price for Slovakia ($57,612 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Saffron Price in Hungary (FOB) - 2022
The average spices; saffron export price stood at $8,400 per ton in 2022, with a decrease of -43.7% against the previous year. Overall, the export price faced a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 80% against the previous year. Over the period under review, the average export prices reached the peak figure at $64,439 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($77,500 per ton), while the average price for exports to Germany ($2,000 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 Germany (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Hungary
In 2022, the amount of spices; saffra imported into Hungary surged to 424 kg, jumping by 20% on the previous year. In general, imports, however, faced a abrupt shrinkage.
In value terms, spices; saffron imports stood at $73K in 2022. Overall, imports, however, saw a dramatic decrease.
| Import of Spices; Saffron in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 33.9 | 61.9 | 32.7 | 43.9 | 9.0% |
| Switzerland | N/A | 1.1 | N/A | 10.0 | 201.5% |
| Spain | N/A | 4.3 | 19.4 | 7.9 | 35.5% |
| Slovakia | 0.9 | 4.8 | 7.2 | 7.4 | 101.8% |
| Iran | 82.4 | N/A | 1.7 | 2.3 | -69.7% |
| Germany | 6.4 | 6.5 | N/A | N/A | 1.6% |
| United Kingdom | 12.1 | 1.3 | N/A | N/A | -89.3% |
| Others | 8.8 | 9.1 | 3.5 | 1.5 | -44.6% |
| Total | 144 | 89.0 | 64.5 | 73.0 | -20.3% |
Top Suppliers of Spices; Saffron to Hungary in 2022:
- Austria (230.0 kg)
- Slovakia (129.0 kg)
- Spain (43.0 kg)
- Switzerland (10.0 kg)
- Iran (3.0 kg)
- Germany (1.0 kg)
Spices; Saffron Exports in Hungary
In 2022, exports of spices; saffra from Hungary contracted dramatically to 65 kg, which is down by -35.6% against the year before. In general, exports showed a dramatic downturn. The smallest decline of -2.9% was in 2021.
In value terms, spices; saffron exports declined notably to $546 in 2022. Over the period under review, exports showed a precipitous decrease. The smallest decline of -4.6% was in 2021.
| Export of Spices; Saffron in Hungary (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 3.0 | 20.0 | 411 | 303 | 365.7% |
| Slovakia | 101 | 90.0 | 116 | 155 | 15.3% |
| Ireland | 21.0 | N/A | 904 | 39.0 | 22.9% |
| Slovenia | 50.0 | 28.0 | 45.0 | 24.0 | -21.7% |
| Switzerland | 9,386 | N/A | 24.0 | 9.0 | -90.1% |
| Austria | N/A | N/A | N/A | 8.0 | 0% |
| Germany | N/A | 1.0 | N/A | 2.0 | 41.4% |
| Saudi Arabia | N/A | 1,371 | N/A | N/A | 0% |
| Others | 61.0 | 69.0 | 7.0 | 6.0 | -53.8% |
| Total | 9,622 | 1,579 | 1,507 | 546 | -61.6% |
Top Export Markets for Spices; Saffron from Hungary in 2022:
- Romania (57.0 kg)
- Slovakia (2.0 kg)
- Slovenia (1.0 kg)
- Austria (1.0 kg)
- Germany (1.0 kg)
- Ireland (1.0 kg)
- Switzerland (1.0 kg)
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