Spices; Saffron Price in Mexico - 2023
Contents:
- Spices; Saffron Price in Mexico (CIF) - 2022
- Spices; Saffron Price in Mexico (FOB) - 2022
- Spices; Saffron Imports in Mexico
- Spices; Saffron Exports in Mexico
Spices; Saffron Price in Mexico (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $655,998 per ton, almost unchanged from the previous year. In general, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 261% against the previous year. The import price peaked at $1,149,084 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +10.9% per year.
Spices; Saffron Price in Mexico (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $123,200 per ton, stabilizing at the previous year. Over the period under review, the export price continues to indicate a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices hit record highs at $308,250 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($217,000 per ton), while the average price for exports to Canada ($1,000 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 the United States (+26.5%).
Spices; Saffron Imports in Mexico
In 2022, overseas purchases of spices; saffra were finally on the rise to reach 521 kg after two years of decline. Overall, imports, however, showed a deep setback.
In value terms, spices; saffron imports surged to $342K in 2022. Over the period under review, imports, however, showed a dramatic shrinkage.
Import of Spices; Saffron in Mexico (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 740 | 595 | 290 | 342 | -22.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 740 | 595 | 290 | 342 | -22.7% |
Top Suppliers of Spices; Saffron to Mexico in 2022:
- Spain (521.0 kg)
Spices; Saffron Exports in Mexico
In 2022, approx. 5 kg of spices; saffra were exported from Mexico; approximately reflecting 2021. In general, exports posted prominent growth. The smallest decline of 99.9% was in 2021. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, spices; saffron exports totaled $616 in 2022. Over the period under review, exports continue to indicate a sharp reduction. The smallest decline of 99.9% was in 2021.
Export of Spices; Saffron in Mexico (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
United States | N/A | N/A | 217 | 0% | |
Germany | N/A | N/A | 197 | 0% | |
Belize | N/A | N/A | 2.0 | 0% | |
Canada | 1,093 | N/A | 1.0 | -97.0% | |
Dominican Republic | 140 | N/A | N/A | 0% | |
Others | N/A | N/A | 199 | 0% | |
Total | 1,233 | N/A | 616 | -29.3% |
Top Export Markets for Spices; Saffron from Mexico in 2022:
- United States (1.0 kg)
- Canada (1.0 kg)
- Belize (1.0 kg)
- Germany (1.0 kg)
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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
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