Spices; Saffron Price in Morocco - 2022
Contents:
- Spices; Saffron Price in Morocco (FOB) - 2022
- Spices; Saffron Price in Morocco (CIF) - 2022
- Spices; Saffron Exports in Morocco
- Spices; Saffron Imports in Morocco
Spices; Saffron Price in Morocco (FOB) - 2022
The average spices; saffron export price stood at $207,724 per ton in 2022, surging by 51% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 218%. As a result, the export price reached the peak level of $1,423,234 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($708,421 per ton), while the average price for exports to the United Arab Emirates ($39,069 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 Canada (-7.2%), while the prices for the other major destinations experienced a decline.
Spices; Saffron Price in Morocco (CIF) - 2022
The average spices; saffron import price stood at $454,079 per ton in 2022, jumping by 84% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 95%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($636,538 per ton), while the price for Saudi Arabia ($17,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Exports in Morocco
Spices; saffron exports from Morocco dropped dramatically to 727 kg in 2022, falling by -59% on 2021 figures. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 364% against the previous year. As a result, the exports reached the peak of 1.8 tons, and then contracted significantly in the following year.
In value terms, spices; saffron exports fell significantly to $151K in 2022. Overall, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 76% against the previous year.
| Export of Spices; Saffron in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 85.5 | 42.9 | 43.9 | 50.1 | -16.3% |
| France | 34.4 | 16.6 | 59.6 | 27.7 | -7.0% |
| United States | 11.6 | 17.1 | 37.2 | 19.7 | 19.3% |
| Italy | 41.0 | 26.3 | 28.7 | 13.5 | -30.9% |
| Canada | 11.6 | 13.4 | 16.6 | 12.2 | 1.7% |
| United Arab Emirates | N/A | N/A | 6.9 | 1.1 | -84.1% |
| Spain | 9.7 | 2.3 | 8.3 | N/A | -7.5% |
| Cote d'Ivoire | N/A | N/A | 0.3 | N/A | 0% |
| Qatar | 104 | 4.3 | 4.7 | N/A | -78.7% |
| Bahrain | N/A | N/A | 5.2 | N/A | 0% |
| Others | 63.1 | 15.5 | 32.8 | 26.7 | -24.9% |
| Total | 361 | 138 | 244 | 151 | -25.2% |
Top Export Markets for Spices; Saffron from Morocco in 2022:
- France (532.0 kg)
- Switzerland (77.0 kg)
- United States (38.0 kg)
- United Arab Emirates (29.0 kg)
- Canada (19.0 kg)
- Italy (19.0 kg)
Spices; Saffron Imports in Morocco
In 2022, approx. 38 kg of spices; saffra were imported into Morocco; falling by -7.3% compared with the previous year's figure. In general, imports saw a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year.
In value terms, spices; saffron imports skyrocketed to $17K in 2022. Over the period under review, imports recorded a significant decline.
| Import of Spices; Saffron in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 6.4 | 8.6 | 3.9 | 8.8 | 11.2% |
| Spain | 36.3 | N/A | 5.5 | 8.3 | -38.9% |
| Iran | 83.9 | N/A | N/A | 0.1 | -89.4% |
| Qatar | 10.4 | N/A | N/A | 0.1 | -78.7% |
| United Arab Emirates | N/A | N/A | 0.5 | N/A | 0% |
| Saudi Arabia | 0.1 | N/A | N/A | N/A | 0% |
| Others | N/A | 2.1 | 0.2 | N/A | -90.5% |
| Total | 137 | 10.7 | 10.1 | 17.3 | -49.8% |
Top Suppliers of Spices; Saffron to Morocco in 2022:
- Greece (22.0 kg)
- Spain (13.0 kg)
- Saudi Arabia (1.0 kg)
- Iran (1.0 kg)
- Qatar (1.0 kg)
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