Spices; Saffron Price in Japan - 2023
Contents:
Spices; Saffron Price in Japan (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $1,443,031 per ton, growing by 29% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $1,850,006 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($1,469,419 per ton), while the price for Iran stood at $1,262,476 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-0.6%).
Spices; Saffron Imports in Japan
Spices; saffron imports into Japan reached 1.6 tons in 2022, approximately mirroring 2021. In general, imports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year.
In value terms, spices; saffron imports surged to $2.3M in 2022. Overall, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Saffron in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,686 | 1,265 | 1,575 | 1,769 | 1.6% |
| Iran | 508 | 235 | 177 | 472 | -2.4% |
| Others | 29.8 | 24.7 | 31.3 | 58.8 | 25.4% |
| Total | 2,224 | 1,525 | 1,784 | 2,300 | 1.1% |
Top Suppliers of Spices; Saffron to Japan in 2022:
- Spain (1204.0 kg)
- Iran (374.0 kg)
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