Spices; Saffron Price in Uganda - 2022
Contents:
- Spices; Saffron Price in Uganda (CIF) - 2022
- Spices; Saffron Price in Uganda (FOB) - 2022
- Spices; Saffron Imports in Uganda
- Spices; Saffron Exports in Uganda
Spices; Saffron Price in Uganda (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $67,182 per ton, waning by -53.3% against the previous year. Over the period under review, the import price, however, saw a mild expansion. The pace of growth was the most pronounced in 2015 an increase of 376%. Over the period under review, average import prices reached the peak figure at $186,714 per ton in 2017; however, from 2018 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 India ($263,000 per ton), while the price for the United Arab Emirates ($36,314 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+90.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in Uganda (FOB) - 2022
The average spices; saffron export price stood at $21,711 per ton in 2021, declining by -79% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 356%. As a result, the export price attained the peak level of $103,333 per ton, and then declined sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2013 to 2021, the rate of growth in terms of prices for Burundi amounted to +1,027.5% per year.
Spices; Saffron Imports in Uganda
In 2022, spices; saffron imports into Uganda skyrocketed to 44 kg, increasing by 120% against the previous year's figure. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; saffron imports expanded modestly to $3K in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 12% against the previous year. As a result, imports attained the peak of $3K; afterwards, it flattened through to 2022.
| Import of Spices; Saffron in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 57.0 | 231 | 121 | 1,271 | 181.5% |
| Kenya | 2,456 | 2,539 | 1,207 | 1,148 | -22.4% |
| Iran | 72.0 | 161 | 96.0 | 274 | 56.1% |
| India | 130 | 103 | 26.0 | 263 | 26.5% |
| Belgium | N/A | N/A | 1,269 | N/A | 0% |
| South Africa | N/A | N/A | 71.0 | N/A | 0% |
| Others | N/A | N/A | 88.0 | N/A | 0% |
| Total | 2,715 | 3,034 | 2,878 | 2,956 | 2.9% |
Top Suppliers of Spices; Saffron to Uganda in 2022:
- United Arab Emirates (35.0 kg)
- Kenya (6.0 kg)
- Iran (2.0 kg)
- India (1.0 kg)
Spices; Saffron Exports in Uganda
In 2021, approx. 45 kg of spices; saffra were exported from Uganda; surging by 1,400% compared with the previous year's figure. Over the period under review, exports saw significant growth. 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 $977 in 2021. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 356% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.
| Export of Spices; Saffron in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Netherlands | N/A | N/A | 977 | 0% | |
| Denmark | N/A | 92.0 | N/A | 0% | |
| Burundi | 29.0 | 218 | N/A | 651.7% | |
| Others | 39.0 | N/A | N/A | 0% | |
| Total | 68.0 | 310 | 977 | 279.0% | |
Top Export Markets for Spices; Saffron from Uganda in 2022:
- Netherlands (45.0 kg)
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