Spices; Saffron Price in Venezuela - 2022
Contents:
Spices; Saffron Price in Venezuela (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $433,714 per ton, which is down by -9.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 92% against the previous year. As a result, import price attained the peak level of $888,000 per ton. From 2019 to 2022, the average 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 Spain ($501,833 per ton), while the price for Portugal amounted to $25,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+23.6%).
Spices; Saffron Imports in Venezuela
In 2022, approx. 7 kg of spices; saffra were imported into Venezuela; picking up by 17% on the previous year. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 250%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, spices; saffron imports expanded rapidly to $3K in 2022. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 497%. As a result, imports attained the peak of $3.2K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Saffron in Venezuela (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 469 | 2,883 | 1,187 | 3,011 | 85.9% |
| Portugal | 64.0 | 272 | 271 | 25.0 | -26.9% |
| Italy | N/A | N/A | 1,430 | N/A | 0% |
| Turkey | N/A | 27.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 533 | 3,182 | 2,888 | 3,036 | 78.6% |
Top Suppliers of Spices; Saffron to Venezuela in 2022:
- Spain (6.0 kg)
- Portugal (1.0 kg)
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