Spices; Saffron Price in Tanzania - 2022
Contents:
- Spices; Saffron Price in Tanzania (CIF) - 2022
- Spices; Saffron Price in Tanzania (FOB) - 2022
- Spices; Saffron Imports in Tanzania
- Spices; Saffron Exports in Tanzania
Spices; Saffron Price in Tanzania (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $5,138 per ton, surging by 23% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 89%. The import price peaked at $7,241 per ton in 2019; however, from 2020 to 2022, 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 Spain ($5,647 per ton), while the price for the United Arab Emirates totaled $3,742 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Saffron Price in Tanzania (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $3,333 per ton, approximately reflecting the previous year. In general, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 an increase of 125% against the previous year. Over the period under review, the average export prices reached the peak figure at $37,500 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($6,000 per ton), while the average price for exports to Comoros totaled $1,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+53.0%).
Spices; Saffron Imports in Tanzania
After two years of decline, purchases abroad of spices; saffra increased by 287% to 116 kg in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; saffron imports surged to $596 in 2022. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Saffron in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 228 | 51.0 | 21.0 | 480 | 28.2% |
| United Arab Emirates | 149 | 204 | 21.0 | 116 | -8.0% |
| India | 13.0 | 12.0 | 81.0 | N/A | 149.6% |
| Others | 1.0 | 1.0 | 2.0 | N/A | 41.4% |
| Total | 391 | 268 | 125 | 596 | 15.1% |
Top Suppliers of Spices; Saffron to Tanzania in 2022:
- Spain (85.0 kg)
- United Arab Emirates (31.0 kg)
Spices; Saffron Exports in Tanzania
Spices; saffron exports from Tanzania amounted to 3 kg in 2022, therefore, remained relatively stable against 2021 figures. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 50%.
In value terms, spices; saffron exports stood at $10 in 2022. Overall, exports recorded a significant curtailment. The smallest decline of -86.5% was in 2020.
| Export of Spices; Saffron in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | N/A | 6.0 | 0% |
| Comoros | 18.0 | 7.0 | 5.0 | 1.0 | -61.8% |
| United Kingdom | N/A | N/A | 4.0 | N/A | 0% |
| South Africa | 56.0 | N/A | N/A | N/A | 0% |
| Canada | N/A | 3.0 | N/A | N/A | 0% |
| Others | N/A | N/A | 1.0 | 3.0 | 200.0% |
| Total | 74.0 | 10.0 | 10.0 | 10.0 | -48.7% |
Top Export Markets for Spices; Saffron from Tanzania in 2022:
- Sweden (1.0 kg)
- Comoros (1.0 kg)
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