Spices; Saffron Price in Uzbekistan - 2023
Contents:
- Spices; Saffron Price in Uzbekistan (FOB) - 2022
- Spices; Saffron Price in Uzbekistan (CIF) - 2022
- Spices; Saffron Exports in Uzbekistan
- Spices; Saffron Imports in Uzbekistan
Spices; Saffron Price in Uzbekistan (FOB) - 2022
The average spices; saffron export price stood at $1,247,000 per ton in 2022, rising by 333% against the previous year. Over the period under review, the export price recorded significant growth. The growth pace was the most rapid in 2021 an increase of 767% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +1,099.0% per year.
Spices; Saffron Price in Uzbekistan (CIF) - 2022
The average spices; saffron import price stood at $459,326 per ton in 2022, increasing by 3.5% against the previous year. Over the period under review, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 283% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Iran.
From 2019 to 2022, the rate of growth in terms of prices for Iran amounted to +259.3% per year.
Spices; Saffron Exports in Uzbekistan
For the third year in a row, Uzbekistan recorded decline in overseas shipments of spices; saffra, which decreased by 99.9% to 1 kg in 2022. Over the period under review, exports recorded a dramatic slump. The smallest decline of -89.1% was in 2020.
In value terms, spices; saffron exports shrank remarkably to $1.2K in 2022. Overall, exports showed a precipitous shrinkage. The smallest decline of -42.5% was in 2020.
| Export of Spices; Saffron in Uzbekistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| South Korea | N/A | 2.8 | N/A | N/A | 0% |
| Turkey | 5.1 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.8 | N/A | 700.0% |
| Total | 5.1 | 2.9 | 0.8 | N/A | -60.4% |
Top Export Markets for Spices; Saffron from Uzbekistan in 2022:
- Netherlands (1.0 kg)
Spices; Saffron Imports in Uzbekistan
In 2022, supplies from abroad of spices; saffra decreased by -46.7% to 89 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 153% against the previous year. As a result, imports attained the peak of 167 kg, and then dropped notably in the following year.
In value terms, spices; saffron imports fell remarkably to $41K in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 869%. As a result, imports reached the peak of $74K, and then shrank markedly in the following year.
| Import of Spices; Saffron in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | N/A | 6.3 | 72.4 | 40.8 | 154.5% |
| South Korea | N/A | N/A | 1.6 | N/A | 0% |
| Afghanistan | 2.5 | 1.3 | N/A | N/A | -48.0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 2.5 | 7.7 | 74.1 | 40.9 | 153.9% |
Top Suppliers of Spices; Saffron to Uzbekistan in 2022:
- Iran (88.0 kg)
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