What is the price of saffron per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong saffron is between US$ 351.53 and US$ 600.82 per kilogram or between US$ 159.43 and US$ 272.48 per pound(lb). Click here to see today's exact prices of saffron in Hong Kong
The retail price range in Hong Kong Dollar for saffron is between HKD 2,747.65 and HKD 4,696.13 per kilogram or between HKD 1,246.10 and HKD 2,129.76 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong saffron is between US$ 246.07 and US$ 420.58 per kilogram or between US$ 111.60 and US$ 190.74 per pound(lb).
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Hong Kong Saffron Export Prices - Historical, Trends and Prediction
The export price of saffron from Hong Kong has seen a steady increase over the past five years. In 2019, the export price per kilogram was $2.90, which increased to $3.20 in 2020. This trend continued in 2021, with the export price per kilogram reaching $3.50. In 2022, the export price per kilogram rose to $3.80, and is expected to reach $4.10 in 2023. Looking ahead to 2024, the export price per kilogram is projected to reach $4.40. Overall, the export price of saffron from Hong Kong has seen a steady increase over the past five years, with prices expected to continue to rise in the coming years.Hong Kong Saffron Import Prices - Historical, Trends and Prediction
The import price of saffron into Hong Kong has been relatively stable over the past five years. In 2018, the price per kilogram was $2.90, which was the highest of the five-year period. This was followed by a slight decrease in 2019 to $2.80. In 2020, the price per kilogram increased to $2.90, before dropping to $2.60 in 2021. The most recent data shows that the import price of saffron into Hong Kong was $2.50 per kilogram in 2022. Overall, the import price of saffron into Hong Kong has been relatively stable over the past five years, with only minor fluctuations. Based on this trend, it is likely that the import price of saffron into Hong Kong will remain relatively stable in the coming years. We can therefore predict that the import price of saffron into Hong Kong in 2023 and 2024 will be around $2.50 to $2.90 per kilogram.Export values for Hong Kong saffron
The total values in export for saffron in Hong Kong were US$ 5,208, US$ 5,487, US$ 6,203 and US$ 5,444 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Hong Kong: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Nutmeg, Mace, Cardamom & Anise.
See prices of saffron in other countries across Asia: Kazakhstan saffron, Kyrgyzstan saffron, Tajikistan saffron, Turkmenistan saffron, Uzbekistan saffron, China saffron, Hong Kong saffron, Macao saffron, North Korea saffron & Mongolia saffron.
Hong Kong saffron - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong shipped 15 tonnes of saffron. In 2019 alone, the demand for Hong Kong saffron (herbs and spices category) has improved, flactuating by 50 pc compared to the year 2018. Between 2017 and 2019, saffron's exports went up by 66.67% bringing the country US$5.44m for the year 2019. Hong Kong's saffron exports are categorised as:
- Saffron (HS code 091020)
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Hong Kong saffron export values
In 2019, Hong Kong supplied saffron worth 5.44m USD, a contraction of -12.30% from 2018's total saffron export of 6.203m USD. The annual reduction in value of Hong Kong saffron between 2017 to 2018 was 13.049 percent.
The annual/yearly change in the quantity of Hong Kong's saffron exports between 2017 and 2019 was 66.67% in comparison to a variation of 50% in the period between 2018 and 2019.
Export markets for Hong Kong saffron ( in '000$ )
Hong Kong imported 85 tonnes of saffron in 2019.