Spices; Saffron Price in Finland - 2023
Contents:
- Spices; Saffron Price in Finland (CIF) - 2022
- Spices; Saffron Price in Finland (FOB) - 2022
- Spices; Saffron Imports in Finland
- Spices; Saffron Exports in Finland
Spices; Saffron Price in Finland (CIF) - 2022
The average spices; saffron import price stood at $507,370 per ton in 2022, waning by -14.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 224%. The import price peaked at $1,616,263 per ton in 2017; however, from 2018 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 ($1,410,532 per ton), while the price for the United Arab Emirates ($2,875 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+104.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Saffron Price in Finland (FOB) - 2022
The average spices; saffron export price stood at $1,257,765 per ton in 2022, surging by 5.9% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 48%. As a result, the export price attained the peak level of $2,801 per kg. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($2,031,000 per ton), while the average price for exports to Turkey ($17,000 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 Russia (-6.6%), while the prices for the other major destinations experienced a decline.
Spices; Saffron Imports in Finland
For the fourth year in a row, Finland recorded growth in purchases abroad of spices; saffra, which increased by 3.9% to 400 kg in 2022. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 135% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, spices; saffron imports declined to $203K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 69% against the previous year. As a result, imports attained the peak of $227K, and then shrank in the following year.
| Import of Spices; Saffron in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 74.5 | 40.7 | 128 | 109 | 13.5% |
| Sweden | 48.8 | 0.6 | 72.5 | 80.6 | 18.2% |
| Afghanistan | N/A | 0.3 | 7.8 | 7.4 | 396.7% |
| Iran | 9.2 | 92.6 | 14.5 | 4.0 | -24.2% |
| United Arab Emirates | N/A | N/A | N/A | 0.1 | 0% |
| Cameroon | N/A | N/A | N/A | 0.1 | 0% |
| India | 6.0 | 0.1 | 0.1 | N/A | -87.1% |
| Others | 0.5 | 0.1 | 4.4 | 2.2 | 63.9% |
| Total | 139 | 134 | 227 | 203 | 13.5% |
Top Suppliers of Spices; Saffron to Finland in 2022:
- Sweden (240.0 kg)
- Spain (77.0 kg)
- United Arab Emirates (40.0 kg)
- Cameroon (16.0 kg)
- Iran (14.0 kg)
- Afghanistan (7.0 kg)
Spices; Saffron Exports in Finland
In 2022, the amount of spices; saffra exported from Finland contracted remarkably to 17 kg, shrinking by -64.6% against 2021. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 586% against the previous year. As a result, the exports reached the peak of 48 kg, and then declined rapidly in the following year.
In value terms, spices; saffron exports declined notably to $21K in 2022. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 380% against the previous year. As a result, the exports reached the peak of $57K, and then shrank rapidly in the following year.
| Export of Spices; Saffron in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 17.5 | 9.2 | 15.2 | 16.7 | -1.5% |
| Russia | 7.7 | 2.6 | 2.7 | 4.1 | -18.9% |
| Belarus | N/A | N/A | N/A | 0.6 | 0% |
| Spain | N/A | N/A | 39.1 | N/A | 0% |
| Qatar | N/A | N/A | N/A | N/A | 0% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 25.2 | 11.9 | 57.0 | 21.4 | -5.3% |
Top Export Markets for Spices; Saffron from Finland in 2022:
- Estonia (13.0 kg)
- Russia (2.0 kg)
- Turkey (1.0 kg)
- Belarus (1.0 kg)
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