Spices; Saffron Price in Switzerland - 2023
Contents:
- Spices; Saffron Price in Switzerland (CIF) - 2022
- Spices; Saffron Price in Switzerland (FOB) - 2022
- Spices; Saffron Imports in Switzerland
- Spices; Saffron Exports in Switzerland
Spices; Saffron Price in Switzerland (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $703,862 per ton, growing by 45% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $760,944 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 Greece ($972,140 per ton), while the price for Germany ($310,846 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Saffron Price in Switzerland (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $334,414 per ton, standing approx. at the previous year. Overall, the export price faced a abrupt contraction. The pace of growth was the most pronounced in 2016 an increase of 103%. The export price peaked at $1,362,791 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($2,147,079 per ton), while the average price for exports to Austria ($66,934 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 Argentina (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Switzerland
In 2022, the amount of spices; saffra imported into Switzerland contracted dramatically to 5.3 tons, reducing by -16.3% against the previous year's figure. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 41%. As a result, imports attained the peak of 6.3 tons, and then contracted significantly in the following year.
In value terms, spices; saffron imports surged to $3.7M in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Saffron in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,453 | 1,505 | 1,287 | 1,809 | 7.6% |
| Iran | 717 | 927 | 541 | 1,265 | 20.8% |
| Greece | 526 | 356 | 584 | 167 | -31.8% |
| France | 238 | 178 | 94.7 | 101 | -24.9% |
| Italy | 89.3 | 87.1 | 177 | 93.1 | 1.4% |
| Afghanistan | 87.9 | 149 | 92.3 | 62.3 | -10.8% |
| Germany | 64.1 | 62.8 | 103 | 48.5 | -8.9% |
| United Kingdom | 29.6 | 5.6 | 6.8 | 1.0 | -67.7% |
| Oman | N/A | N/A | 17.0 | N/A | 0% |
| Others | 265 | 156 | 174 | 188 | -10.8% |
| Total | 3,470 | 3,427 | 3,077 | 3,736 | 2.5% |
Top Suppliers of Spices; Saffron to Switzerland in 2022:
- Spain (2576.0 kg)
- Iran (1666.0 kg)
- Italy (249.0 kg)
- France (187.0 kg)
- Greece (172.0 kg)
- Germany (156.0 kg)
- Afghanistan (91.0 kg)
- United Kingdom (35.0 kg)
Spices; Saffron Exports in Switzerland
In 2022, overseas shipments of spices; saffra increased by 41% to 2.5 tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; saffron exports surged to $827K in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Saffron in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 288 | 297 | 380 | 507 | 20.7% |
| Italy | 146 | 163 | 186 | 273 | 23.2% |
| Austria | 15.4 | 11.7 | 8.5 | 9.2 | -15.8% |
| Oman | 18.5 | N/A | 5.6 | N/A | -45.0% |
| Others | 26.0 | 16.5 | 13.8 | 38.5 | 14.0% |
| Total | 494 | 489 | 593 | 827 | 18.7% |
Top Export Markets for Spices; Saffron from Switzerland in 2022:
- France (2174.0 kg)
- Austria (137.0 kg)
- Italy (127.0 kg)
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