Spices; Saffron Price in Ireland - 2023
Contents:
- Spices; Saffron Price in Ireland (CIF) - 2022
- Spices; Saffron Price in Ireland (FOB) - 2022
- Spices; Saffron Imports in Ireland
- Spices; Saffron Exports in Ireland
Spices; Saffron Price in Ireland (CIF) - 2022
The average spices; saffron import price stood at $3,009 per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price recorded a tangible expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 67% against the previous year. As a result, import price attained the peak level of $3,378 per ton. From 2021 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 the UK ($5,261 per ton), while the price for Nicaragua ($1,059 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in Ireland (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $20,424 per ton, remaining constant against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $31,491 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +0.4% per year.
Spices; Saffron Imports in Ireland
In 2022, imports of spices; saffra into Ireland totaled 81 tons, leveling off at the previous year's figure. In general, imports continue to indicate a precipitous decline. The smallest decline of -37% was in 2020.
In value terms, spices; saffron imports stood at $245K in 2022. Overall, imports faced a sharp reduction. The pace of growth appeared the most rapid in 2020 with an increase of 5.5% against the previous year. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Saffron in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 924 | 991 | N/A | 87.3 | -54.5% |
| Afghanistan | 2.5 | 0.8 | N/A | 49.2 | 170.0% |
| Nicaragua | N/A | N/A | N/A | 30.8 | 0% |
| Netherlands | 26.5 | 15.0 | N/A | 22.0 | -6.0% |
| Iran | 3.0 | 2.8 | N/A | 16.6 | 76.9% |
| Italy | N/A | N/A | N/A | 5.0 | 0% |
| Greece | 58.7 | 63.4 | N/A | N/A | 8.0% |
| Others | 39.5 | 39.1 | N/A | 33.8 | -5.1% |
| Total | 1,054 | 1,112 | N/A | 245 | -38.5% |
Top Suppliers of Spices; Saffron to Ireland in 2022:
- Nicaragua (29.1 tons)
- United Kingdom (16.6 tons)
- Afghanistan (15.6 tons)
- Netherlands (8.8 tons)
- Iran (4.8 tons)
- Italy (2.9 tons)
Spices; Saffron Exports in Ireland
In 2022, the amount of spices; saffra exported from Ireland amounted to 2.3 tons, approximately reflecting the year before. In general, exports posted a significant increase. The smallest decline of -76.3% was in 2020. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, spices; saffron exports stood at $47K in 2022. Over the period under review, exports showed a significant expansion. The smallest decline of -73.6% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Spices; Saffron in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 12.7 | 3.3 | N/A | 46.7 | 54.3% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 12.7 | 3.3 | N/A | 46.8 | 54.5% |
Top Export Markets for Spices; Saffron from Ireland in 2022:
- United Kingdom (2.3 tons)
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