Spices; Saffron Price in Belgium - 2023
Contents:
- Spices; Saffron Price in Belgium (CIF) - 2022
- Spices; Saffron Price in Belgium (FOB) - 2022
- Spices; Saffron Imports in Belgium
- Spices; Saffron Exports in Belgium
Spices; Saffron Price in Belgium (CIF) - 2022
The average spices; saffron import price stood at $32,559 per ton in 2022, with an increase of 111% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The import price peaked at $116,668 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Iran ($257,848 per ton), while the price for the Netherlands ($7,071 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+117.8%), while the prices for the other major suppliers experienced a decline.
Spices; Saffron Price in Belgium (FOB) - 2022
The average spices; saffron export price stood at $26,517 per ton in 2022, falling by -29.6% against the previous year. Overall, the export price showed a pronounced decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 64% against the previous year. The export price peaked at $54,838 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
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 Italy ($805,900 per ton), while the average price for exports to Spain ($9,908 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 Italy (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Belgium
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; saffra, when their volume decreased by -38.7% to 83 tons. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports attained the peak of 135 tons, and then plummeted in the following year.
In value terms, spices; saffron imports soared to $2.7M in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Saffron in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 408 | 500 | 577 | 1,476 | 53.5% |
| Spain | 746 | 818 | 803 | 742 | -0.2% |
| Netherlands | 730 | 462 | 408 | 237 | -31.3% |
| France | 139 | 175 | 88.2 | 57.7 | -25.4% |
| Others | 132 | 258 | 210 | 186 | 12.1% |
| Total | 2,155 | 2,212 | 2,086 | 2,698 | 7.8% |
Top Suppliers of Spices; Saffron to Belgium in 2022:
- Spain (40.2 tons)
- Netherlands (33.5 tons)
- Iran (5.7 tons)
- France (1.2 tons)
Spices; Saffron Exports in Belgium
For the fourth year in a row, Belgium recorded growth in overseas shipments of spices; saffra, which increased by 83% to 31 tons in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; saffron exports skyrocketed to $820K in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 44%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Spices; Saffron in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 139 | 134 | 200 | 253 | 22.1% |
| France | 187 | 177 | 223 | 181 | -1.1% |
| Spain | 0.1 | N/A | N/A | 140 | 1018.7% |
| United States | N/A | 1.5 | 27.2 | 86.5 | 659.4% |
| Luxembourg | 37.2 | 55.2 | 66.5 | 36.7 | -0.5% |
| Others | 107 | 74.8 | 121 | 122 | 4.5% |
| Total | 471 | 443 | 638 | 820 | 20.3% |
Top Export Markets for Spices; Saffron from Belgium in 2022:
- Spain (14.1 tons)
- Netherlands (8.2 tons)
- France (2.9 tons)
- Luxembourg (2.8 tons)
- United States (2.3 tons)
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