Spices; Saffron Price in France - 2023
Contents:
- Spices; Saffron Price in France (CIF) - 2022
- Spices; Saffron Price in France (FOB) - 2022
- Spices; Saffron Imports in France
- Spices; Saffron Exports in France
Spices; Saffron Price in France (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $136,961 per ton, dropping by -24.9% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 70% against the previous year. As a result, import price reached the peak level of $558,083 per ton. From 2018 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 Greece ($1,598,906 per ton), while the price for Belgium ($17,962 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in France (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $221,806 per ton, rising by 74% against the previous year. Overall, the export price, however, continues to indicate a pronounced downturn. The export price peaked at $525,098 per ton in 2014; however, from 2015 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 Poland ($985,260 per ton), while the average price for exports to Japan ($31,813 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 Switzerland (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in France
In 2022, approx. 64 tons of spices; saffra were imported into France; with an increase of 47% against the year before. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 163% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, spices; saffron imports rose markedly to $8.8M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Saffron in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 2.3 | 2.5 | 2.8 | 3.9 | 19.2% |
| Spain | 0.8 | 1.9 | 2.3 | 2.4 | 44.2% |
| Poland | N/A | 1.9 | 1.5 | 1.5 | -11.1% |
| Belgium | N/A | 0.2 | 0.2 | 0.4 | 41.4% |
| United Kingdom | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 4.5 | 1.0 | 1.1 | 0.6 | -48.9% |
| Total | 7.6 | 7.4 | 8.0 | 8.8 | 5.0% |
Top Suppliers of Spices; Saffron to France in 2022:
- Spain (21.8 tons)
- Belgium (20.5 tons)
- Poland (13.2 tons)
- Iran (4.6 tons)
- United Kingdom (1.4 tons)
Spices; Saffron Exports in France
In 2022, approx. 13 tons of spices; saffra were exported from France; with a decrease of -50.2% compared with 2021. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. As a result, the exports attained the peak of 27 tons, and then dropped significantly in the following year.
In value terms, spices; saffron exports declined to $3M in 2022. Over the period under review, exports showed a abrupt setback. The smallest decline of -8% was in 2021.
| Export of Spices; Saffron in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,862 | 1,677 | 1,285 | 1,078 | -16.7% |
| United Kingdom | 309 | 186 | 314 | 605 | 25.1% |
| Switzerland | 608 | 496 | 388 | 428 | -11.0% |
| United States | 401 | 413 | 257 | 177 | -23.9% |
| Belgium | 360 | 219 | 192 | 117 | -31.2% |
| Canada | 157 | 247 | 433 | 79.9 | -20.2% |
| Australia | 22.5 | 26.6 | 98.1 | 60.2 | 38.8% |
| Italy | 6.9 | 6.6 | 11.7 | 41.6 | 82.0% |
| Germany | 27.6 | 9.8 | 15.0 | 32.1 | 5.2% |
| Japan | N/A | 9.7 | 37.9 | 21.8 | 49.9% |
| Hong Kong SAR | 4.8 | 9.1 | 22.3 | 12.4 | 37.2% |
| Luxembourg | 20.7 | 27.6 | 39.9 | 11.3 | -18.3% |
| Others | 707 | 420 | 357 | 318 | -23.4% |
| Total | 4,487 | 3,748 | 3,449 | 2,982 | -12.7% |
Top Export Markets for Spices; Saffron from France in 2022:
- Belgium (3.7 tons)
- Canada (1.4 tons)
- Australia (1.1 tons)
- Poland (1.1 tons)
- United Kingdom (1.1 tons)
- United States (0.7 tons)
- Italy (0.7 tons)
- Japan (0.7 tons)
- Switzerland (0.5 tons)
- Germany (0.4 tons)
- Hong Kong SAR (0.3 tons)
- Luxembourg (0.2 tons)
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