Spices; Saffron Price in Estonia - 2023
Contents:
- Spices; Saffron Price in Estonia (FOB) - 2022
- Spices; Saffron Price in Estonia (CIF) - 2022
- Spices; Saffron Exports in Estonia
- Spices; Saffron Imports in Estonia
Spices; Saffron Price in Estonia (FOB) - 2022
The average spices; saffron export price stood at $3,604,500 per ton in 2022, with an increase of 56% against the previous year. In general, the export price, however, continues to indicate a perceptible shrinkage. Over the period under review, the average export prices hit record highs at $5,120,360 per ton in 2012; however, from 2013 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 Lithuania ($8,286,500 per ton), while the average price for exports to Sweden ($435,000 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 Lithuania (+0.6%), while the prices for the other major destinations experienced a decline.
Spices; Saffron Price in Estonia (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $1,610,545 per ton, stabilizing at the previous year. In general, the import price, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 68%. The import price peaked at $2,343,281 per ton in 2020; however, from 2021 to 2022, 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 Spain ($2,457,500 per ton), while the price for Latvia ($106,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Exports in Estonia
After three years of growth, overseas shipments of spices; saffra decreased by -52.4% to 20 kg in 2022. Over the period under review, exports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2020 with an increase of 43%.
In value terms, spices; saffron exports shrank dramatically to $72K in 2022. Overall, total exports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. As a result, the exports reached the peak of $97K, and then shrank significantly in the following year.
| Export of Spices; Saffron in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 53.1 | 0% |
| Lithuania | 8.9 | 10.8 | 23.5 | 16.6 | 23.1% |
| Latvia | N/A | 0.4 | 0.4 | 1.9 | 117.9% |
| Sweden | 51.4 | 63.7 | 73.2 | 0.4 | -80.2% |
| Belarus | 0.9 | 0.4 | N/A | N/A | -55.6% |
| Others | 4.7 | 0.7 | N/A | N/A | -85.1% |
| Total | 65.8 | 76.0 | 97.1 | 72.1 | 3.1% |
Top Export Markets for Spices; Saffron from Estonia in 2022:
- Belgium (16.0 kg)
- Lithuania (2.0 kg)
- Sweden (1.0 kg)
- Latvia (1.0 kg)
Spices; Saffron Imports in Estonia
In 2022, purchases abroad of spices; saffra decreased by -37.7% to 33 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. As a result, imports attained the peak of 53 kg, and then shrank rapidly in the following year.
In value terms, spices; saffron imports fell notably to $53K in 2022. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 68%.
| Import of Spices; Saffron in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 26.0 | 63.3 | 65.4 | 34.2 | 9.6% |
| Spain | N/A | N/A | 0.5 | 14.7 | 2840.0% |
| Finland | 17.5 | 9.2 | 15.0 | 2.4 | -48.4% |
| Georgia | 0.1 | 0.2 | 0.2 | 0.8 | 100.0% |
| Germany | N/A | 0.8 | 0.8 | 0.7 | -6.5% |
| Latvia | 1.0 | 1.0 | 1.6 | 0.1 | -53.6% |
| Italy | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| India | N/A | N/A | 0.8 | N/A | 0% |
| Others | N/A | 0.3 | 0.4 | N/A | 33.3% |
| Total | 44.7 | 75.0 | 84.9 | 53.1 | 5.9% |
Top Suppliers of Spices; Saffron to Estonia in 2022:
- Iran (18.0 kg)
- Spain (6.0 kg)
- Georgia (4.0 kg)
- Finland (1.0 kg)
- Latvia (1.0 kg)
- Germany (1.0 kg)
- Italy (1.0 kg)
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