Spices; Saffron Price in Romania - 2023
Contents:
- Spices; Saffron Price in Romania (CIF) - 2022
- Spices; Saffron Price in Romania (FOB) - 2022
- Spices; Saffron Imports in Romania
- Spices; Saffron Exports in Romania
Spices; Saffron Price in Romania (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $16,780 per ton, reducing by -5% against the previous year. Overall, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by 83% against the previous year. As a result, import price reached the peak level of $70,885 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($44,942 per ton), while the price for the Netherlands ($2,447 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Saffron Price in Romania (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $3,204,136 per ton, waning by -16.9% against the previous year. Over the period under review, the export price, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 364% against the previous year. Over the period under review, the average export prices reached the maximum at $3,855,824 per ton in 2021, and then declined dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($4,080,857 per ton), while the average price for exports to Hungary ($255,000 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 the UK (+57.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Romania
In 2022, after three years of growth, there was decline in purchases abroad of spices; saffra, when their volume decreased by -3.6% to 8.9 tons. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. As a result, imports reached the peak of 9.3 tons, and then shrank slightly in the following year.
In value terms, spices; saffron imports declined to $150K in 2022. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year.
| Import of Spices; Saffron in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 30.5 | 30.3 | 34.7 | 40.8 | 10.2% |
| Germany | 61.0 | 17.4 | 49.1 | 39.2 | -13.7% |
| Austria | 68.1 | 55.5 | 54.0 | 29.2 | -24.6% |
| Italy | 4.3 | 7.1 | 8.0 | 8.3 | 24.5% |
| Netherlands | 1.8 | 5.0 | 2.6 | 4.8 | 38.7% |
| Hungary | 0.5 | 0.3 | 0.2 | 1.5 | 44.2% |
| Others | 7.3 | 14.5 | 15.1 | 26.1 | 52.9% |
| Total | 174 | 130 | 164 | 150 | -4.8% |
Top Suppliers of Spices; Saffron to Romania in 2022:
- Austria (4.2 tons)
- Netherlands (1.9 tons)
- Germany (1.0 tons)
- Poland (0.9 tons)
- Italy (0.5 tons)
- Hungary (0.1 tons)
Spices; Saffron Exports in Romania
Spices; saffron exports from Romania soared to 22 kg in 2022, increasing by 29% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; saffron exports rose sharply to $70K in 2022. In general, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 192% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Spices; Saffron in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 27.5 | 5.0 | 16.0 | 28.6 | 1.3% |
| United Kingdom | N/A | 0.2 | N/A | 20.5 | 912.4% |
| France | 23.4 | 15.3 | 46.9 | 19.7 | -5.6% |
| Moldova | 0.6 | 0.6 | 1.2 | 0.8 | 10.1% |
| Croatia | 1.8 | 1.3 | 1.4 | 0.8 | -23.7% |
| Hungary | 2.9 | N/A | N/A | 0.3 | -53.1% |
| Armenia | N/A | 0.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 56.1 | 22.5 | 65.5 | 70.5 | 7.9% |
Top Export Markets for Spices; Saffron from Romania in 2022:
- Italy (7.0 kg)
- United Kingdom (6.0 kg)
- France (5.0 kg)
- Moldova (2.0 kg)
- Croatia (1.0 kg)
- Hungary (1.0 kg)
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