Spices; Saffron Price in Egypt - 2023
Contents:
- Spices; Saffron Price in Egypt (CIF) - 2022
- Spices; Saffron Price in Egypt (FOB) - 2022
- Spices; Saffron Imports in Egypt
- Spices; Saffron Exports in Egypt
Spices; Saffron Price in Egypt (CIF) - 2022
The average spices; saffron import price stood at $12,118 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a notable expansion. The pace of growth appeared the most rapid in 2020 an increase of 156%. As a result, import price reached the peak level of $42,550 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($22,703 per ton), while the price for Saudi Arabia ($442 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Saffron Price in Egypt (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $28,183 per ton, which is down by -27.5% against the previous year. In general, the export price, however, showed a strong increase. The growth pace was the most rapid in 2013 an increase of 287%. Over the period under review, the average export prices hit record highs at $130,443 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($57,963 per ton), while the average price for exports to Kuwait ($11,722 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 Canada (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Egypt
In 2022, approx. 4 tons of spices; saffra were imported into Egypt; surging by 49% against the previous year's figure. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 424% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, spices; saffron imports skyrocketed to $48K in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 1,240%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Spices; Saffron in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.4 | 4.2 | 0.8 | 42.6 | 374.0% |
| India | 0.2 | 0.4 | 1.2 | 2.5 | 132.1% |
| Saudi Arabia | N/A | N/A | 1.3 | N/A | 0% |
| Others | 1.3 | 21.5 | 28.6 | 3.0 | 32.1% |
| Total | 1.9 | 26.1 | 31.9 | 48.1 | 193.6% |
Top Suppliers of Spices; Saffron to Egypt in 2022:
- Spain (3801.0 kg)
- India (111.0 kg)
- Saudi Arabia (52.0 kg)
Spices; Saffron Exports in Egypt
Spices; saffron exports from Egypt surged to 978 kg in 2022, increasing by 55% on the year before. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 138% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, spices; saffron exports rose remarkably to $28K in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment.
| Export of Spices; Saffron in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 11.0 | 13.2 | 7.9 | 6.9 | -14.4% |
| Poland | 5.6 | 7.4 | 5.7 | 6.0 | 2.3% |
| Georgia | N/A | 3.8 | N/A | 4.6 | 10.0% |
| Canada | 1.5 | 3.2 | 7.0 | 3.1 | 27.4% |
| Kuwait | 1.2 | 1.1 | 1.2 | 1.3 | 2.7% |
| Others | 17.4 | 1.9 | 2.8 | 5.7 | -31.1% |
| Total | 36.8 | 30.6 | 24.5 | 27.6 | -9.1% |
Top Export Markets for Spices; Saffron from Egypt in 2022:
- Georgia (360.0 kg)
- Saudi Arabia (232.0 kg)
- Poland (203.0 kg)
- Kuwait (108.0 kg)
- Canada (54.0 kg)
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