Spices; Saffron Price in Argentina - 2023
Contents:
- Spices; Saffron Price in Argentina (CIF) - 2022
- Spices; Saffron Price in Argentina (FOB) - 2022
- Spices; Saffron Imports in Argentina
- Spices; Saffron Exports in Argentina
Spices; Saffron Price in Argentina (CIF) - 2022
The average spices; saffron import price stood at $717,672 per ton in 2022, growing by 63% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The import price peaked at $1,792,291 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 ($1,448,388 per ton), while the price for Spain totaled $680,939 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+1.1%), while the prices for the other major suppliers experienced a decline.
Spices; Saffron Price in Argentina (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $48,111 per ton, reducing by -9.1% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $176,798 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($380,000 per ton), while the average price for exports to Saint Vincent and the Grenadines ($7,667 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 Bolivia (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Saffron Imports in Argentina
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; saffra, when their volume decreased by -84.8% to 1 tons. In general, imports showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 246% against the previous year.
In value terms, spices; saffron imports dropped notably to $742K in 2022. Overall, imports saw a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 143% against the previous year.
Import of Spices; Saffron in Argentina (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 305 | 1,086 | 1,289 | 670 | 30.0% |
Iran | 3.0 | 4.7 | 5.4 | 71.0 | 187.1% |
Switzerland | 348 | 453 | 428 | N/A | 10.9% |
Portugal | 126 | 53.5 | 25.2 | N/A | -55.3% |
Others | 307 | 1,047 | 1,236 | 1.1 | -84.7% |
Total | 1,089 | 2,644 | 2,984 | 742 | -12.0% |
Top Suppliers of Spices; Saffron to Argentina in 2022:
- Spain (984.0 kg)
- Iran (49.0 kg)
Spices; Saffron Exports in Argentina
Spices; saffron exports from Argentina fell to 27 kg in 2022, with a decrease of -10% on the previous year. Over the period under review, exports showed a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year.
In value terms, spices; saffron exports reduced dramatically to $1.3K in 2022. In general, exports showed a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year.
Export of Spices; Saffron in Argentina (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 4,036 | 367 | 520 | 400 | -53.7% |
Uruguay | 2,746 | 279 | 442 | 380 | -48.3% |
Bolivia | 1,498 | 141 | 206 | 163 | -52.3% |
Paraguay | 431 | 54.0 | 133 | 99.0 | -38.8% |
Peru | 462 | 51.0 | 87.0 | 80.0 | -44.3% |
Free Zones | 461 | 50.0 | 85.0 | 78.0 | -44.7% |
Saint Vincent and the Grenadines | 426 | 46.0 | 76.0 | 69.0 | -45.5% |
Chile | 210 | 22.0 | 34.0 | 30.0 | -47.7% |
Others | 176 | 1.0 | 5.0 | N/A | -83.1% |
Total | 10,446 | 1,011 | 1,588 | 1,299 | -50.1% |
Top Export Markets for Spices; Saffron from Argentina in 2022:
- United States (12.0 kg)
- Saint Vincent and the Grenadines (9.0 kg)
- Peru (1.0 kg)
- Uruguay (1.0 kg)
- Chile (1.0 kg)
- Paraguay (1.0 kg)
- Bolivia (1.0 kg)
- Free Zones (1.0 kg)
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The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
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Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.