Spices; Saffron Price in Tunisia - 2022
Contents:
- Spices; Saffron Price in Tunisia (FOB) - 2022
- Spices; Saffron Price in Tunisia (CIF) - 2022
- Spices; Saffron Exports in Tunisia
- Spices; Saffron Imports in Tunisia
Spices; Saffron Price in Tunisia (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $46,940 per ton, picking up by 44% against the previous year. Over the period under review, the export price, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2018 an increase of 58% against the previous year. As a result, the export price reached the peak level of $73,806 per ton. From 2019 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 Libya ($13,500 per ton), while the average price for exports to Malta stood at $8,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-10.4%), while the prices for the other major destinations experienced a decline.
Spices; Saffron Price in Tunisia (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $149,278 per ton, stabilizing at the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 93% against the previous year. The import price peaked at $179,200 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($592,000 per ton), while the price for India ($82,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Exports in Tunisia
In 2022, the amount of spices; saffra exported from Tunisia soared to 134 kg, picking up by 25% compared with the year before. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 118% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, spices; saffron exports surged to $6.3K in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Spices; Saffron in Tunisia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Libya | 712 | 599 | 512 | 243 | -30.1% |
Malta | N/A | N/A | N/A | 17.0 | 0% |
France | 147 | 17.0 | 282 | N/A | 38.5% |
Kuwait | 529 | 593 | 700 | N/A | 15.0% |
Canada | 671 | 725 | 769 | N/A | 7.1% |
Others | 61.0 | 34.0 | 1,232 | 6,030 | 362.4% |
Total | 2,120 | 1,968 | 3,495 | 6,290 | 43.7% |
Top Export Markets for Spices; Saffron from Tunisia in 2022:
- Libya (18.0 kg)
- Malta (2.0 kg)
Spices; Saffron Imports in Tunisia
In 2022, after three years of growth, there was decline in overseas purchases of spices; saffra, when their volume decreased by 0% to 18 kg. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, spices; saffron imports reduced modestly to $2.7K in 2022. In general, imports saw a relatively flat trend pattern.
Import of Spices; Saffron in Tunisia (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iran | 1,598 | 1,704 | 1,805 | 1,900 | 5.9% |
United Arab Emirates | 848 | 757 | 672 | 592 | -11.3% |
France | 139 | 131 | 122 | 113 | -6.7% |
India | 103 | 96.0 | 89.0 | 82.0 | -7.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2,688 | 2,688 | 2,688 | 2,687 | -0.0% |
Top Suppliers of Spices; Saffron to Tunisia in 2022:
- Iran (15.0 kg)
- United Arab Emirates (1.0 kg)
- India (1.0 kg)
- France (1.0 kg)
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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 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
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The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.