saffron price | May 20, 2024
Saffron price is $4 per gram in 2024 differing on the type of saffron. The price of saffron in Dubai for 1 gram ranges from approximately 3 to 5 Euros.
To better understand the saffron market in Dubai, United Arab Emirates (UAE), the price of 1 kg of saffron is 9,900 AED.
Super Negin
Super Negin saffron is a unique type. This type has a specific appearance that if you used saffron regularly you can recognize the high-quality ones.
Negin
Negin saffron is one of the best types and it has 3 different shapes. Based on these shapes, 3 categories are named as different kinds of Negin. All these kinds are premium quality. The most famous Negin type is called Super Negin.
Pushal
One of the most favorite saffron types is called Pushal. Due to its shape, the fraud is less than other types in Pushal saffron. That is why this type is more popular.
Powder
When we separate the parts that were broken during the drying process, of high quality saffron like Negin and Super Negin, we grind them to make the highest quality of saffron powder.
A Price Warranted
Saffron’s price isn’t just a number—it’s a narrative of labor, tradition, and the universal quest for quality. With each pinch of this luminous spice, we don’t just taste a flavor; we savor a piece of history, culture, and a timeless testament to what we value.
The 2024 Market Glimpse
As of 2024, expect to pay around $8.50 per gram for high-grade saffron, a testament to its limited supply and laborious harvest. In Europe, pricing dynamics ripple through markets in Germany, France, Italy, and Belgium—each influenced by its specific economic and culinary trends.
The Saffron Market is projected to reach a size of $682.3 million by 2027. This represents a growth at a Compound Annual Growth Rate (CAGR) of 8.1% over the forecast period from 2022 to 2027.
Wholesale Price
The approximate wholesale price of US saffron in 2024 falls within a range of US$545.50 to US$1,022.81 per kilogram. This translates to US$247.39 to US$463.86 per pound.
US Saffron Prices – Historical, Trends and Prediction
The current price is 28.53 US dollars per kilogram.
The export price per kilogram of saffron from the US has shown a significant increase over the past five years. In 2017, it cost only $11.87 per kilogram, but by 2021, the price had risen to $30.86 per kilogram. The highest price recorded was $30.65 per kilogram in 2018, while the lowest was $5.33 per kilogram in 2014. Currently, the price sits at $28.53 per kilogram. Based on this trend, the export price of US saffron is predicted to reach around $32.00 per kilogram in 2023 and $33.50 per kilogram in 2024.
US Saffron Import and Export
In 2020, the US exported 30 tonnes of saffron, but this represents a decline from previous years. US saffron exports in 2019 were only 20 tonnes. There was a positive sign in 2019, however, with a 17.647% increase in interest for US saffron (categorized as herbs and spices) compared to 2018. Despite this, overall saffron exports decreased by -48.72% between 2017 and 2019. The US earned US$0.58 million from saffron exports in 2019.
- Increase in 2019: US saffron exports (categorized as herbs and spices) saw a rise in 2019 compared to 2018, with a year-on-year increase of 17.647%. The export volume reached 20 tonnes in 2019.
- Overall Decline: However, despite the growth in 2019, US saffron exports have experienced a significant decrease between 2017 and 2019. The total export volume dropped by 48.72% during this period. In 2019, the US earned US$0.58 million from saffron exports.
- US Saffron Exports in 2020: 30 tonnes
- US Saffron Exports in 2019: 20 tonnes (17.647% increase compared to 2018)