Spices; Saffron Price in Sweden - 2023
Contents:
- Spices; Saffron Price in Sweden (CIF) - 2022
- Spices; Saffron Price in Sweden (FOB) - 2022
- Spices; Saffron Imports in Sweden
- Spices; Saffron Exports in Sweden
Spices; Saffron Price in Sweden (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $499,720 per ton, picking up by 86% against the previous year. Overall, the import price, however, showed a perceptible decline. Over the period under review, average import prices hit record highs at $825,816 per ton in 2015; however, from 2016 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 Iran ($843,306 per ton), while the price for Spain amounted to $472,469 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+3.2%).
Spices; Saffron Price in Sweden (FOB) - 2022
The average spices; saffron export price stood at $49,602 per ton in 2022, waning by -25.7% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2015 an increase of 102%. The export price peaked at $596,032 per ton in 2019; however, from 2020 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 Finland ($537,856 per ton), while the average price for exports to Poland ($38,975 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 the Netherlands (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Sweden
For the third year in a row, Sweden recorded decline in purchases abroad of spices; saffra, which decreased by -30.8% to 14 tons in 2022. Overall, imports recorded a abrupt contraction. The smallest decline of -4.1% was in 2021.
In value terms, spices; saffron imports surged to $7.2M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
| Import of Spices; Saffron in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.5 | 4.9 | 4.1 | 6.2 | 11.3% |
| Iran | 2.0 | 2.4 | 1.4 | 0.9 | -23.4% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 6.5 | 7.3 | 5.6 | 7.2 | 3.5% |
Top Suppliers of Spices; Saffron to Sweden in 2022:
- Spain (13.2 tons)
- Iran (1.1 tons)
Spices; Saffron Exports in Sweden
Spices; saffron exports from Sweden surged to 6.8 tons in 2022, increasing by 18% on 2021. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 429%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, spices; saffron exports dropped to $339K in 2022. In general, exports, however, recorded a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 141% against the previous year.
| Export of Spices; Saffron in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | 178 | 195 | 9.6% |
| Finland | 53.4 | 78.0 | 66.2 | 67.2 | 8.0% |
| Norway | 51.5 | 76.7 | 64.1 | 56.1 | 2.9% |
| Germany | N/A | N/A | 10.9 | 1.0 | -90.8% |
| Spain | 623 | 0.5 | 0.5 | 0.9 | -88.7% |
| Others | 15.1 | 5.6 | 67.4 | 19.2 | 8.3% |
| Total | 743 | 161 | 387 | 339 | -23.0% |
Top Export Markets for Spices; Saffron from Sweden in 2022:
- Germany (undefined tons)
- Spain (undefined tons)
- Poland (5.0 tons)
- Norway (1.4 tons)
- Finland (0.1 tons)
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