Spices; Saffron Price in New Zealand - 2023
Contents:
- Spices; Saffron Price in New Zealand (CIF) - 2022
- Spices; Saffron Price in New Zealand (FOB) - 2022
- Spices; Saffron Imports in New Zealand
- Spices; Saffron Exports in New Zealand
Spices; Saffron Price in New Zealand (CIF) - 2022
The average spices; saffron import price stood at $1,030,167 per ton in 2022, rising by 75% against the previous year. Overall, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 422% against the previous year. Over the period under review, average import prices hit record highs at $1,414,595 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($1,053,238 per ton) and Spain ($1,053,122 per ton), while the price for Australia ($784,000 per ton) and the United Arab Emirates ($1,000,125 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in New Zealand (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $937,519 per ton, picking up by 20% against the previous year. In general, the export price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of 585%. The export price peaked at $1,581,741 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 Australia ($1,142,381 per ton), while the average price for exports to Niue ($28,000 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 Malaysia (+54.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in New Zealand
In 2022, purchases abroad of spices; saffra decreased by -45.6% to 162 kg, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports attained the peak of 299 kg. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; saffron imports declined modestly to $167K in 2022. In general, imports showed a abrupt slump. The smallest decline of -0.6% was in 2020.
| Import of Spices; Saffron in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 69.8 | 48.4 | 69.1 | 57.5 | -6.3% |
| Spain | 49.3 | 59.6 | 27.7 | 51.6 | 1.5% |
| India | 20.1 | 44.9 | 64.8 | 44.2 | 30.0% |
| United Arab Emirates | 4.5 | 8.2 | 5.5 | 8.0 | 21.1% |
| China | N/A | N/A | 0.3 | 3.1 | 933.3% |
| Greece | 6.0 | 8.5 | 1.1 | 1.1 | -43.2% |
| Australia | 30.6 | 30.5 | N/A | 0.8 | -70.3% |
| Hong Kong SAR | 14.7 | N/A | N/A | N/A | 0% |
| Others | 7.2 | 0.9 | 7.2 | 0.6 | -56.3% |
| Total | 202 | 201 | 176 | 167 | -6.1% |
Top Suppliers of Spices; Saffron to New Zealand in 2022:
- Iran (55.0 kg)
- Spain (49.0 kg)
- India (42.0 kg)
- United Arab Emirates (8.0 kg)
- China (3.0 kg)
- Australia (1.0 kg)
- Greece (1.0 kg)
Spices; Saffron Exports in New Zealand
In 2022, overseas shipments of spices; saffra decreased by -68.2% to 27 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. As a result, the exports attained the peak of 88 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; saffron exports fell remarkably to $25K in 2022. Overall, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2020 when exports increased by 3.9%. As a result, the exports reached the peak of $87K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Saffron in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 81.6 | 86.4 | 65.2 | 24.0 | -33.5% |
| Malaysia | N/A | N/A | 0.6 | 0.6 | 0.0% |
| Cook Islands | 1.0 | 0.2 | N/A | 0.4 | -26.3% |
| New Caledonia | N/A | 0.2 | 0.1 | 0.2 | 0.0% |
| Vanuatu | 0.3 | N/A | 0.1 | 0.2 | -12.6% |
| Niue | 0.2 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.1 | 0.2 | N/A | -42.3% |
| Total | 83.6 | 86.8 | 66.3 | 25.3 | -32.9% |
Top Export Markets for Spices; Saffron from New Zealand in 2022:
- Australia (21.0 kg)
- Vanuatu (2.0 kg)
- New Caledonia (1.0 kg)
- Malaysia (1.0 kg)
- Niue (1.0 kg)
- Cook Islands (1.0 kg)
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