Spices; Saffron Price in Germany - 2023
Contents:
- Spices; Saffron Price in Germany (CIF) - 2023
- Spices; Saffron Price in Germany (FOB) - 2023
- Spices; Saffron Imports in Germany
- Spices; Saffron Exports in Germany
Spices; Saffron Price in Germany (CIF) - 2023
The average spices; saffron import price stood at $666K per ton in July 2023, waning by -49.3% against the previous month. Over the period under review, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 78% month-to-month. Over the period under review, average import prices attained the peak figure at $1.3M per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Spain ($1.2M per ton), while the price for Afghanistan ($232K per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (-1.2%), while the prices for the other major suppliers experienced a decline.
Spices; Saffron Price in Germany (FOB) - 2023
In July 2023, the average spices; saffron export price amounted to $712K per ton, declining by -54.9% against the previous month. In general, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in October 2022 an increase of 77% m-o-m. The export price peaked at $2.2M per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was France ($2.7M per ton), while the average price for exports to Italy ($63,730 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Saffron Imports in Germany
After three years of growth, purchases abroad of spices; saffra decreased by -31.3% to 3.3 tons in 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. As a result, imports attained the peak of 4.8 tons, and then shrank markedly in the following year.
In value terms, spices; saffron imports contracted markedly to $3.7M in 2022. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 24%.
| Import of Spices; Saffron in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 2,620 | 1,834 | 2,667 | 1,917 | -9.9% |
| Spain | 1,578 | 1,012 | 986 | 986 | -14.5% |
| Afghanistan | 108 | 265 | 373 | 199 | 22.6% |
| Iraq | 0.2 | 6.9 | N/A | 130 | 766.2% |
| Austria | 159 | 194 | 350 | 101 | -14.0% |
| Italy | 117 | 87.3 | 89.1 | 97.5 | -5.9% |
| United Arab Emirates | 45.6 | 181 | 8.0 | 4.2 | -54.8% |
| Others | 244 | 269 | 285 | 252 | 1.1% |
| Total | 4,873 | 3,850 | 4,758 | 3,687 | -8.9% |
Top Suppliers of Spices; Saffron to Germany in 2022:
- Iran (1753.0 kg)
- Spain (923.0 kg)
- Afghanistan (192.0 kg)
- Italy (137.0 kg)
- Iraq (88.0 kg)
- Austria (84.0 kg)
- United Arab Emirates (6.0 kg)
Spices; Saffron Exports in Germany
In 2022, approx. 1.1 tons of spices; saffra were exported from Germany; with an increase of 18% on the previous year's figure. Over the period under review, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 27%.
In value terms, spices; saffron exports rose slightly to $1.6M in 2022. Overall, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 8.1% against the previous year.
| Export of Spices; Saffron in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 208 | 201 | 237 | 262 | 8.0% |
| Vietnam | 13.9 | 56.9 | 224 | 246 | 160.6% |
| United States | 105 | 74.7 | 75.0 | 175 | 18.6% |
| Austria | 239 | 230 | 138 | 144 | -15.5% |
| Italy | 304 | 244 | 194 | 114 | -27.9% |
| Romania | 53.3 | 19.4 | 48.2 | 110 | 27.3% |
| France | 203 | 82.2 | 172 | 104 | -20.0% |
| Netherlands | 94.5 | 41.5 | 35.2 | 65.6 | -11.5% |
| Poland | 109 | 41.6 | 55.2 | 37.9 | -29.7% |
| Denmark | 42.0 | 38.2 | 28.3 | 35.7 | -5.3% |
| United Kingdom | 13.3 | 6.6 | 43.2 | 32.7 | 35.0% |
| Thailand | N/A | N/A | N/A | 22.6 | 0% |
| Belgium | 13.7 | 21.2 | 19.9 | 18.8 | 11.1% |
| Others | 666 | 363 | 265 | 193 | -33.8% |
| Total | 2,065 | 1,420 | 1,535 | 1,560 | -8.9% |
Top Export Markets for Spices; Saffron from Germany in 2022:
- Switzerland (213.0 kg)
- Vietnam (182.0 kg)
- United States (150.0 kg)
- Thailand (70.0 kg)
- Austria (54.0 kg)
- Italy (43.0 kg)
- Netherlands (42.0 kg)
- France (38.0 kg)
- United Kingdom (37.0 kg)
- Denmark (33.0 kg)
- Romania (26.0 kg)
- Poland (16.0 kg)
- Belgium (16.0 kg)
32
This report provides an in-depth analysis of the market for spices except pepper or ginger in Germany.
1304
This report provides an in-depth analysis of the ginger market in Germany.
550
This report provides an in-depth analysis of the market for dog and cat food in Germany.
712
This report provides an in-depth analysis of the apricot market in Germany.
1900
This report provides an in-depth analysis of the virgin olive oil market in Germany.
989
This report provides an in-depth analysis of the paint and varnish market in Germany.
348
This report provides an in-depth analysis of the olive oil market in Germany.
322
This report provides an in-depth analysis of the market for urea and thiourea resins in Germany.
283
This report provides an in-depth analysis of the assembled clock movements market in Germany.
380
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Germany.
492
January 2023 saw a 1.9% increase in the FOB dog and cat food price per ton in Germany, amounting to $2,689 - a surge on the previous month for Dog And Cat Food.
376
In February 2023, the apricot price stood at $2,168 per ton (CIF, Germany), rising by 7.5% against the previous month.
77
The growth pace was the most rapid in January 2023 when Paint and Varnish exports increased by 25% month-on-month. In value terms, Paint and Varnish exports shrank to $340M in November 2023.
237
In June 2023, the price of Paint and Varnish was $5,643 per ton (FOB, Germany), reflecting a 1.6% increase compared to the previous month.
83
In October 2023, diphosphorus pentaoxide experienced a notable increase in growth rate, rising by 347% month-to-month. However, the value of diphosphorus pentaoxide imports dropped significantly to $305K in November 2023.
897
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1011
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.
779
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7494
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8582
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
