Spices; Saffron Price in Ukraine - 2023
Contents:
- Spices; Saffron Price in Ukraine (CIF) - 2022
- Spices; Saffron Price in Ukraine (FOB) - 2022
- Spices; Saffron Imports in Ukraine
- Spices; Saffron Exports in Ukraine
Spices; Saffron Price in Ukraine (CIF) - 2022
The average spices; saffron import price stood at $1,483,143 per ton in 2022, with an increase of 272% against the previous year. In general, the import price posted a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($4,228,000 per ton), while the price for Georgia ($116,667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+36.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in Ukraine (FOB) - 2022
The average spices; saffron export price stood at $5,000 per ton in 2022, increasing by 11% against the previous year. Overall, the export price showed resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 161% against the previous year. As a result, the export price attained the peak level of $15,000 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2015 to 2022, the rate of growth in terms of prices for Singapore amounted to +400.0% per year.
Spices; Saffron Imports in Ukraine
In 2022, imports of spices; saffra into Ukraine declined markedly to 7 kg, with a decrease of -91% compared with the year before. In general, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2021 when imports increased by 20%.
In value terms, spices; saffron imports reduced remarkably to $10K in 2022. Overall, imports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year.
| Import of Spices; Saffron in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 13.5 | 7.9 | 7.0 | 5.1 | -27.7% |
| Iran | 1.9 | 1.0 | 6.1 | 4.2 | 30.3% |
| Belgium | 0.6 | 0.5 | 0.4 | 0.7 | 5.3% |
| Georgia | 1.1 | 0.5 | 0.5 | 0.3 | -35.2% |
| Russia | 6.2 | 3.9 | 6.7 | N/A | 4.0% |
| India | 0.6 | 0.4 | 1.0 | N/A | 29.1% |
| Others | 17.9 | 10.2 | 9.6 | N/A | -26.8% |
| Total | 41.8 | 24.3 | 31.1 | 10.4 | -37.1% |
Top Suppliers of Spices; Saffron to Ukraine in 2022:
- Georgia (3.0 kg)
- Spain (2.0 kg)
- Belgium (1.0 kg)
- Iran (1.0 kg)
Spices; Saffron Exports in Ukraine
In 2022, spices; saffron exports from Ukraine soared to 9 kg, picking up by 50% against the previous year's figure. Over the period under review, exports posted a significant expansion. 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 $45 in 2022. In general, exports, however, showed a relatively flat trend pattern.
| Export of Spices; Saffron in Ukraine (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Singapore | 1.0 | 45.0 | 4400.0% | ||
| Belgium | 7.0 | N/A | 0% | ||
| Brunei Darussalam | 3.0 | N/A | 0% | ||
| Montenegro | 1.0 | N/A | 0% | ||
| Georgia | 2.0 | N/A | 0% | ||
| Others | 13.0 | N/A | 0% | ||
| Total | 27.0 | 45.0 | 66.7% | ||
Top Export Markets for Spices; Saffron from Ukraine in 2022:
- Singapore (9.0 kg)
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