Spices; Saffron Price in Uruguay - 2022
Contents:
- Spices; Saffron Price in Uruguay (CIF) - 2022
- Spices; Saffron Price in Uruguay (FOB) - 2022
- Spices; Saffron Imports in Uruguay
- Spices; Saffron Exports in Uruguay
Spices; Saffron Price in Uruguay (CIF) - 2022
In 2022, the average spices; saffron import price amounted to $533,865 per ton, with an increase of 29% against the previous year. Overall, the import price showed a remarkable increase. The growth pace was the most rapid in 2020 an increase of 196%. The import price peaked 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 Spain.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +12.7% per year.
Spices; Saffron Price in Uruguay (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $14,000 per ton, surging by 40% against the previous year. In general, the export price showed strong growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 87%. As a result, the export price attained the peak level of $19,952 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +8.6% per year.
Spices; Saffron Imports in Uruguay
In 2022, imports of spices; saffra into Uruguay dropped rapidly to 89 kg, reducing by -21.9% against the previous year. In general, imports saw a sharp descent. The pace of growth appeared the most rapid in 2021 when imports increased by 2.7% against the previous year.
In value terms, spices; saffron imports totaled $48K in 2022. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 85% against the previous year.
| Import of Spices; Saffron in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 28.6 | 10.7 | 21.1 | 47.5 | 18.4% |
| Argentina | 3.0 | 2.8 | 3.2 | N/A | 3.3% |
| Germany | N/A | 0.3 | 0.6 | N/A | 100.0% |
| France | 0.3 | 0.3 | 0.4 | N/A | 15.5% |
| Netherlands | 0.3 | 0.2 | 0.2 | N/A | -18.4% |
| Others | 28.7 | 11.2 | 21.7 | N/A | -13.0% |
| Total | 61.0 | 25.6 | 47.3 | 47.5 | -8.0% |
Top Suppliers of Spices; Saffron to Uruguay in 2022:
- Spain (89.0 kg)
Spices; Saffron Exports in Uruguay
Spices; saffron exports from Uruguay surged to 16 kg in 2022, with an increase of 433% compared with 2021 figures. Overall, exports, however, recorded a abrupt shrinkage.
In value terms, spices; saffron exports surged to $224 in 2022. Over the period under review, exports showed a modest increase.
| Export of Spices; Saffron in Uruguay (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 213 | 193 | 26.0 | 224 | 1.7% |
| Free Zones | N/A | 226 | N/A | N/A | 0% |
| Others | N/A | N/A | 4.0 | N/A | 0% |
| Total | 213 | 419 | 30.0 | 224 | 1.7% |
Top Export Markets for Spices; Saffron from Uruguay in 2022:
- United Kingdom (16.0 kg)
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