Spices; Saffron Price in Sudan - 2022
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Spices; Saffron Price in Sudan (CIF) - 2022
The average spices; saffron import price stood at $121,778 per ton in 2022, surging by 102% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by 119% against the previous year. As a result, import price reached the peak level of $416,194 per ton. From 2015 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 Nigeria ($251,500 per ton), while the price for Egypt ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-7.9%), while the prices for the other major suppliers experienced a decline.
Spices; Saffron Imports in Sudan
In 2022, overseas purchases of spices; saffra were finally on the rise to reach 9 kg after two years of decline. In general, imports, however, saw a dramatic contraction.
In value terms, spices; saffron imports surged to $1.1K in 2022. Over the period under review, imports, however, showed a precipitous decline.
Import of Spices; Saffron in Sudan (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nigeria | N/A | N/A | N/A | 1,006 | 0% |
China | 3,218 | 1,422 | 274 | 67.0 | -72.5% |
South Africa | 648 | 323 | 70.0 | 19.0 | -69.2% |
Ethiopia | 229 | 80.0 | 12.0 | 2.0 | -79.4% |
Egypt | 9.0 | 4.0 | 1.0 | 1.0 | -51.9% |
India | N/A | N/A | N/A | 1.0 | 0% |
Saudi Arabia | N/A | N/A | 5.0 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 4,104 | 1,829 | 362 | 1,096 | -35.6% |
Top Suppliers of Spices; Saffron to Sudan in 2022:
- Nigeria (4.0 kg)
- South Africa (1.0 kg)
- Egypt (1.0 kg)
- India (1.0 kg)
- Ethiopia (1.0 kg)
- China (1.0 kg)
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