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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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.