Spices; Saffron Price in Jordan - 2022
Contents:
- Spices; Saffron Price in Jordan (CIF) - 2022
- Spices; Saffron Price in Jordan (FOB) - 2022
- Spices; Saffron Imports in Jordan
- Spices; Saffron Exports in Jordan
Spices; Saffron Price in Jordan (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $744,441 per ton, rising by 49% against the previous year. Over the period under review, the import price showed a buoyant expansion. The growth pace was the most rapid in 2019 an increase of 123% against the previous year. The import price peaked at $745,036 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
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 Spain ($1,045,790 per ton), while the price for Iran ($493,423 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Saffron Price in Jordan (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $6,896 per ton, remaining relatively unchanged against the previous year. In general, the export price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2019 an increase of 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $30,898 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Denmark.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +26.6% per year.
Spices; Saffron Imports in Jordan
In 2022, the amount of spices; saffra imported into Jordan expanded rapidly to 143 kg, increasing by 7.5% compared with 2021. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2021 when imports increased by 142% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, spices; saffron imports soared to $106K in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Saffron in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 17.9 | 15.8 | 21.9 | 64.8 | 53.5% |
| Iran | 11.4 | 9.4 | 18.0 | 38.5 | 50.0% |
| Afghanistan | N/A | N/A | N/A | 3.1 | 0% |
| Kuwait | N/A | N/A | 1.8 | N/A | 0% |
| Others | 18.3 | 15.7 | 24.9 | N/A | 16.6% |
| Total | 47.6 | 41.0 | 66.6 | 106 | 30.6% |
Top Suppliers of Spices; Saffron to Jordan in 2022:
- Iran (78.0 kg)
- Spain (62.0 kg)
- Afghanistan (3.0 kg)
Spices; Saffron Exports in Jordan
In 2022, after two years of decline, there was significant growth in overseas shipments of spices; saffra, when their volume increased by 68% to 850 kg. In general, exports, however, showed a dramatic descent.
In value terms, spices; saffron exports surged to $5.9K in 2022. Over the period under review, exports, however, continue to indicate a precipitous decrease.
| Export of Spices; Saffron in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | N/A | 2.9 | 0% |
| Germany | 0.4 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 11.9 | N/A | N/A | N/A | 0% |
| Australia | N/A | N/A | 1.2 | N/A | 0% |
| Saudi Arabia | N/A | 2.5 | N/A | N/A | 0% |
| Others | 0.4 | 5.6 | 2.3 | 2.9 | 93.5% |
| Total | 12.8 | 8.2 | 3.5 | 5.9 | -22.8% |
Top Export Markets for Spices; Saffron from Jordan in 2022:
- Denmark (425.0 kg)
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