Spices; Saffron Price in Brazil - 2023
Contents:
- Spices; Saffron Price in Brazil (CIF) - 2022
- Spices; Saffron Price in Brazil (FOB) - 2022
- Spices; Saffron Imports in Brazil
- Spices; Saffron Exports in Brazil
Spices; Saffron Price in Brazil (CIF) - 2022
The average spices; saffron import price stood at $7,505 per ton in 2022, standing approx. at the previous year. Overall, the import price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by 68%. Over the period under review, average import prices reached the maximum at $15,239 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Spain ($36,854 per ton), while the price for India ($3,886 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+24.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Saffron Price in Brazil (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $5,859 per ton, picking up by 24% against the previous year. Over the period under review, the export price showed slight growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 137%. The export price peaked at $7,320 per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 the United States ($12,778 per ton), while the average price for exports to South Korea ($1,017 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 Singapore (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Brazil
In 2022, spices; saffron imports into Brazil shrank to 36 tons, which is down by -6.5% compared with the previous year's figure. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 74%. As a result, imports reached the peak of 38 tons, and then contracted in the following year.
In value terms, spices; saffron imports shrank to $267K in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, imports attained the peak of $284K, and then fell in the following year.
| Import of Spices; Saffron in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 153 | 188 | 139 | 121 | -7.5% |
| India | 17.5 | N/A | 126 | 103 | 80.6% |
| Italy | 10.9 | 24.4 | 13.7 | 37.4 | 50.8% |
| France | 55.5 | 27.1 | N/A | 0.7 | -76.7% |
| Portugal | N/A | 0.5 | N/A | N/A | 0% |
| Others | N/A | N/A | 4.3 | 4.8 | 11.6% |
| Total | 237 | 240 | 284 | 267 | 4.1% |
Top Suppliers of Spices; Saffron to Brazil in 2022:
- India (26.6 tons)
- Italy (5.5 tons)
- Spain (3.3 tons)
- France (0.1 tons)
Spices; Saffron Exports in Brazil
In 2022, after three years of growth, there was significant decline in overseas shipments of spices; saffra, when their volume decreased by -11.7% to 3.4 tons. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 69%.
In value terms, spices; saffron exports expanded sharply to $20K in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $21K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Saffron in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.6 | 11.0 | 6.8 | 10.0 | 1.4% |
| Marshall Islands | 1.3 | 2.6 | 2.6 | 2.0 | 15.4% |
| Liberia | 0.5 | 0.6 | 1.2 | 1.2 | 33.9% |
| Singapore | 0.7 | 1.0 | 0.5 | 1.0 | 12.6% |
| Panama | 1.2 | 1.5 | 1.1 | 0.9 | -9.1% |
| Angola | N/A | 0.2 | 0.1 | 0.7 | 87.1% |
| Greece | 0.1 | N/A | 0.2 | 0.5 | 71.0% |
| Malta | 0.2 | 0.4 | 0.4 | 0.5 | 35.7% |
| Hong Kong SAR | 0.7 | 0.6 | 0.2 | 0.5 | -10.6% |
| Norway | 0.1 | 0.3 | 0.1 | 0.3 | 44.2% |
| South Korea | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Cyprus | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
| Others | 1.8 | 2.9 | 4.5 | 2.0 | 3.6% |
| Total | 16.4 | 21.2 | 18.0 | 19.7 | 6.3% |
Top Export Markets for Spices; Saffron from Brazil in 2022:
- United States (781.0 kg)
- Marshall Islands (775.0 kg)
- Panama (387.0 kg)
- Liberia (236.0 kg)
- Malta (174.0 kg)
- Angola (168.0 kg)
- Hong Kong SAR (164.0 kg)
- Singapore (146.0 kg)
- Greece (90.0 kg)
- South Korea (60.0 kg)
- Norway (60.0 kg)
- Cyprus (10.0 kg)
115
This report provides an in-depth analysis of the market for spices except pepper or ginger in Brazil.
1078
This report provides an in-depth analysis of the ginger market in Brazil.
512
This report provides an in-depth analysis of the market for dog and cat food in Brazil.
599
This report provides an in-depth analysis of the apricot market in Brazil.
1090
This report provides an in-depth analysis of the virgin olive oil market in Brazil.
564
This report provides an in-depth analysis of the paint and varnish market in Brazil.
284
This report provides an in-depth analysis of the olive oil market in Brazil.
443
This report provides an in-depth analysis of the market for urea and thiourea resins in Brazil.
285
This report provides an in-depth analysis of the assembled clock movements market in Brazil.
498
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Brazil.
305
As of July 2023, the price of Ginger was $2,223 per ton (FOB, Brazil), representing a 21% increase compared to the previous month.
982
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).
1056
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.
800
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7566
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8620
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1395
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7908
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
11949
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1635
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
