Spices; Saffron Price in Slovakia - 2023
Contents:
- Spices; Saffron Price in Slovakia (CIF) - 2022
- Spices; Saffron Price in Slovakia (FOB) - 2022
- Spices; Saffron Imports in Slovakia
- Spices; Saffron Exports in Slovakia
Spices; Saffron Price in Slovakia (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $199,210 per ton, with an increase of 4.7% against the previous year. In general, the import price recorded a significant expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 512% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($309,000 per ton), while the price for Italy ($61,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+66.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in Slovakia (FOB) - 2022
The average spices; saffron export price stood at $15,449 per ton in 2022, jumping by 77% against the previous year. In general, the export price enjoyed strong growth. Over the period under review, the average export prices reached the peak figure at $56,817 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($50,500 per ton), while the average price for exports to the Czech Republic ($3,218 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Slovakia
In 2022, overseas purchases of spices; saffra were finally on the rise to reach 315 kg after two years of decline. In general, imports, however, continue to indicate a precipitous decrease.
In value terms, spices; saffron imports soared to $63K in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern.
| Import of Spices; Saffron in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 39.7 | 49.7 | 42.4 | 58.2 | 13.6% |
| Denmark | N/A | 1.7 | 1.7 | 1.2 | -16.0% |
| Spain | 4.7 | 3.8 | 3.1 | 0.9 | -42.4% |
| Italy | N/A | N/A | 0.6 | 0.7 | 16.7% |
| Germany | 13.4 | N/A | N/A | N/A | 0% |
| India | 2.4 | N/A | N/A | N/A | 0% |
| Czech Republic | 1.9 | 1.0 | 0.7 | N/A | -39.3% |
| Others | 1.7 | 0.9 | 0.4 | 1.7 | 0.0% |
| Total | 63.8 | 57.2 | 48.9 | 62.8 | -0.5% |
Top Suppliers of Spices; Saffron to Slovakia in 2022:
- Iran (286.0 kg)
- Denmark (13.0 kg)
- Italy (12.0 kg)
- Spain (3.0 kg)
Spices; Saffron Exports in Slovakia
Spices; saffron exports from Slovakia contracted markedly to 272 kg in 2022, declining by -89.6% against 2021 figures. Overall, exports recorded a sharp shrinkage. The smallest decline of -6.7% was in 2021.
In value terms, spices; saffron exports dropped markedly to $4.2K in 2022. In general, exports showed a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 1.8% against the previous year. As a result, the exports reached the peak of $23K, and then reduced remarkably in the following year.
| Export of Spices; Saffron in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Romania | N/A | N/A | 1.3 | 0% | |
| Hungary | 7.6 | 16.7 | 0.9 | -65.6% | |
| Poland | N/A | N/A | 0.5 | 0% | |
| Czech Republic | 6.7 | 6.0 | 0.4 | -75.6% | |
| Greece | N/A | N/A | 0.4 | 0% | |
| Slovenia | N/A | N/A | 0.3 | 0% | |
| Ukraine | N/A | N/A | 0.1 | 0% | |
| Others | 8.1 | 0.1 | 0.3 | -80.8% | |
| Total | 22.4 | 22.8 | 4.2 | -56.7% | |
Top Export Markets for Spices; Saffron from Slovakia in 2022:
- Czech Republic (133.0 kg)
- Hungary (59.0 kg)
- Romania (34.0 kg)
- Poland (14.0 kg)
- Greece (8.0 kg)
- Ukraine (7.0 kg)
- Slovenia (6.0 kg)
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