Spices; Saffron Price in Azerbaijan - 2023
Contents:
- Spices; Saffron Price in Azerbaijan (CIF) - 2022
- Spices; Saffron Price in Azerbaijan (FOB) - 2022
- Spices; Saffron Imports in Azerbaijan
- Spices; Saffron Exports in Azerbaijan
Spices; Saffron Price in Azerbaijan (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $85,396 per ton, increasing by 6.9% against the previous year. Overall, the import price continues to indicate significant growth. The pace of growth was the most pronounced in 2017 an increase of 628% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($96,229 per ton), while the price for Turkey ($7,903 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+36.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in Azerbaijan (FOB) - 2022
Azerbaijan has no trade partners to describe.
Spices; Saffron Imports in Azerbaijan
In 2022, spices; saffron imports into Azerbaijan expanded significantly to 675 kg, increasing by 5.3% against the previous year's figure. Over the period under review, imports saw a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 2,814% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, spices; saffron imports rose markedly to $58K in 2022. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 5,278%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Spices; Saffron in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 0.4 | 0.8 | 45.0 | 55.9 | 418.9% |
| Turkey | 0.2 | N/A | 0.2 | 0.6 | 44.2% |
| Georgia | N/A | N/A | 0.4 | 0.5 | 25.0% |
| China | 0.9 | N/A | N/A | N/A | 0% |
| France | 2.7 | 0.1 | 3.1 | N/A | 7.2% |
| Others | 4.3 | 0.1 | 2.4 | 0.7 | -45.4% |
| Total | 8.4 | 1.0 | 51.2 | 57.6 | 90.0% |
Top Suppliers of Spices; Saffron to Azerbaijan in 2022:
- Iran (581.0 kg)
- Turkey (72.0 kg)
- Georgia (19.0 kg)
Spices; Saffron Exports in Azerbaijan
In 2022, approx. 1 kg of spices; saffra were exported from Azerbaijan; waning by -95% on the year before. Overall, exports showed a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 150%.
In value terms, spices; saffron exports surged to $7.6K in 2022. In general, exports, however, showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Saffron in Azerbaijan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 1.0 | N/A | N/A | 0% |
| Kazakhstan | N/A | N/A | 98.0 | N/A | 0% |
| Germany | 1.0 | N/A | N/A | N/A | 0% |
| India | N/A | 863 | N/A | N/A | 0% |
| United Arab Emirates | 444 | 1.0 | 257 | N/A | -23.9% |
| Turkey | N/A | N/A | 10.0 | N/A | 0% |
| Others | 672 | N/A | 1,890 | 7,555 | 124.0% |
| Total | 1,117 | 865 | 2,255 | 7,555 | 89.1% |
Top Export Markets for Spices; Saffron from Azerbaijan in 2022:
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