Global Saffron Market
Global producers of saffron include Iran, India, Afghanistan, Greece, Morocco, Spain, Italy, China, Azerbaijan, Argentina, Australia, Korea, Japan, the UAE, Qatar, the Netherlands, Luxembourg, Kuwait, Saudi Arabia, Germany, Poland, France, Portugal, Morocco, Brazil, Peru, Paraguay, Mexico, and the USA.
According to the latest statistics for saffron trade in 2019, Iran is the world’s largest producer of saffron, supplying 430 tons of the total 450 tons of saffron produced worldwide and is expected to reach 500 tons in 2020. India, producing only 22 tons of saffron annually, ranks second. Other countries producing saffron and based on their share in global saffron production include Greece (7.2 tons), Afghanistan (6 tons), Morocco (2.6 tons), Spain (2.3 tons), Italy (1 ton), China (1 ton), and Azerbaijan (0.23 ton).
Iran is the world’s first and largest producer and exporter of saffron, with a 92-95% share of world production of saffron. Iran’s saffron production is expected to reach 500 tons in 2020, according to the statistics for saffron trade. 24 provinces are involved in saffron production in this country and have a significant total cultivation area (124,000 ha). Khorasan Razavi (84,226 ha), South Khorasan (15,782 ha), and North Khorasan and other provinces (23,992 ha) have had the highest saffron cultivation areas. Provinces such as Khorasan Razavi, South Khorasan, North Khorasan, Isfahan, Kerman, Fars, and Yazd have the main geographical distribution of saffron in this country. As the world’s first exporter of saffron, Iran’s share in the global saffron market is 36.7%, worth $ 101.32 million. Iran also imposes the highest tariff for importing saffron from other countries.
Spain is the second largest exporter of saffron in the world and has a 20.7% share in world saffron exports worth $ 57.08 million. The main saffron-producing provinces in Spain include Teruel in the northeast and Cuenca, Albacete, and Ciudad Real in the Castilla-La Mancha region of central Spain. The USA (25.9%), Saudi Arabia (13.2%), and Italy (9.9%) are among the first export destinations of Spanish saffron.
According to the latest reports of saffron production in 2018, 13 tons of saffron have been harvested from 6,200 hectares of cultivated areas in Afghanistan, which is a significant growth compared to 1 ton of saffron production in 2013. Afghanistan accounts for 16.2% of the global export of saffron worth $ 44.58 million and is a growing market for this product. Its main export destinations of saffron include India, Saudi Arabia, France, the UAE, the USA, and Turkey. It should be noted that Afghanistan imports 65.7% of its imported saffron from Iran which is the world’s largest producer of saffron.
Second to Iran, India is the world’s second largest producer and importer of saffron and the fourth largest exporter of this product. In India, the geographical distribution of saffron is mainly related to the following regions:
Pulwama (74.64%) Pampore, Balhuma, Wayun, Munpur, Mueej, Konibal, Dus, Zundhur, Letpur, Sombar, Baras, Ladu, Khrew, and Badgam (13/16%(, Chadura, Nagam, Lasjan, Ompora, Kralpura, and Srinagar (6.68%), (Zewan, Zawreh, Ganderbal, and Doda (2.68%).
Saffron imported to India is worth $ 31.06 million, constituting 11.3% of global saffron imports. The main sources from which saffron is imported to this country are Afghanistan (94.5%), the UAE (1.6%), Qatar (1.4%), Hong Kong (1.3%), Spain (0.7%), and Iran (0.4%).
The export value of saffron of India is $ 48.48 million, and its major export destination is Hong Kong. Other export destinations of Indian saffron are the USA, Oman, Qatar, and Australia.
Greece is the main producer of European saffron, while Spain is the main exporter of European saffron. Greece ranks fifth in global exports of saffron, with a 2.3% share of world exports worth $ 9.48 million. Its saffron export destinations include France, Poland, Spain, Italy, Switzerland, and Germany. Most of saffron imports to this country come from countries such as Italy, Iran, Spain, and France.
Moldova is the sixth global saffron exporter whose saffron trade is worth $ 7.94 million and has a 2.9% share of the global saffron exports. Its only destination for saffron exports is Hong Kong, where 100% of saffron shipments are exported to. Imports of saffron are from destinations such as Greece, Iran, Romania, Finland, and Italy.
It imports 36.3% ($ 100 million) of the world’s saffron imports, is the world’s first importer of saffron, and supplies 77.9% of its saffron imports from Iran which is the first global saffron producer. Hong Kong is the sixth-largest global exporter of saffron, with a 2.3% share of the global saffron exports worth $ 6.28 million to Saudi Arabia, Italy, India, and China.
China imports about 0.2% of the world’s saffron imports and ranks 26th among the importers of saffron worldwide. Saffron is imported into China from countries such as Hong Kong, Germany, Afghanistan, and Portugal. It exports saffron to Saudi Arabia, Italy, the United Kingdom, and Hong Kong, which is worth $ 5.76 million. It ranks 8th among global exporters of saffron.
Iran has the highest share of production and exports of saffron in the world market of saffron, which is a great honor and motivation for further efforts.