Spices; Saffron Price in Norway - 2023
Contents:
- Spices; Saffron Price in Norway (CIF) - 2022
- Spices; Saffron Price in Norway (FOB) - 2022
- Spices; Saffron Imports in Norway
- Spices; Saffron Exports in Norway
Spices; Saffron Price in Norway (CIF) - 2022
The average spices; saffron import price stood at $2,360,322 per ton in 2022, jumping by 281% against the previous year. In general, the import price enjoyed a notable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($3,980,143 per ton), while the price for Greece ($1,529,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.4%), while the prices for the other major suppliers experienced a decline.
Spices; Saffron Price in Norway (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $42,444 per ton, falling by -37.3% against the previous year. Over the period under review, the export price recorded a pronounced setback. The growth pace was the most rapid in 2018 an increase of 92%. The export price peaked at $72,250 per ton in 2020; however, from 2021 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 Denmark ($59,833 per ton), while the average price for exports to Germany ($1,000 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 Denmark (+0.1%).
Spices; Saffron Imports in Norway
In 2022, supplies from abroad of spices; saffra decreased by -83% to 90 kg, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 213% against the previous year. As a result, imports reached the peak of 619 kg. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; saffron imports contracted notably to $212K in 2022. Over the period under review, imports, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2020 when imports increased by 174% against the previous year. As a result, imports attained the peak of $521K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Saffron in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 43.9 | 80.4 | 69.9 | 111 | 36.2% |
| Spain | 30.6 | 108 | 78.4 | 97.9 | 47.4% |
| Greece | 0.4 | 1.2 | 0.9 | 3.1 | 97.9% |
| Sweden | 20.6 | 66.2 | 31.4 | N/A | 23.5% |
| United Kingdom | 39.3 | 122 | 33.7 | N/A | -7.4% |
| Denmark | 10.6 | 15.2 | 9.4 | N/A | -5.8% |
| Others | 44.6 | 128 | 105 | N/A | 53.4% |
| Total | 190 | 521 | 329 | 212 | 3.7% |
Top Suppliers of Spices; Saffron to Norway in 2022:
- Spain (60.0 kg)
- Iran (28.0 kg)
- Greece (2.0 kg)
Spices; Saffron Exports in Norway
Spices; saffron exports from Norway surged to 9 kg in 2022, with an increase of 29% on the previous year's figure. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, spices; saffron exports contracted sharply to $382 in 2022. In general, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 64% against the previous year. As a result, the exports attained the peak of $474, and then plummeted in the following year.
| Export of Spices; Saffron in Norway (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 104 | 289 | 12.0 | 359 | 51.1% |
| France | N/A | N/A | N/A | 11.0 | 0% |
| Germany | N/A | N/A | N/A | 1.0 | 0% |
| Sweden | 9.0 | N/A | N/A | N/A | 0% |
| Georgia | N/A | N/A | 462 | N/A | 0% |
| Others | 113 | N/A | N/A | 11.0 | -54.0% |
| Total | 226 | 289 | 474 | 382 | 19.1% |
Top Export Markets for Spices; Saffron from Norway in 2022:
- Denmark (6.0 kg)
- France (1.0 kg)
- Germany (1.0 kg)
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