What is the price of saffron per kilogram/pound in South Africa today?
The retail price range for South Africa saffron is between US$ 1,259.44 and US$ 12,950.92 per kilogram or between US$ 571.17 and US$ 5,873.43 per pound(lb). Click here to see today's exact prices of saffron in South Africa
The retail price range in Rand for saffron is between ZAR 24,469.40 and ZAR 251,620.72 per kilogram or between ZAR 11,097.23 and ZAR 114,113.70 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa saffron is between US$ 881.61 and US$ 9,065.64 per kilogram or between US$ 399.82 and US$ 4,111.40 per pound(lb).
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South Africa Saffron Export Prices - Historical, Trends and Prediction
In 2018, the export price was US$3.35 per Kg. In 2019, the export price was US$4.95 per Kg. In 2020, the export price was US$2.67 per Kg. For 2021, the export price was US$2.65 per Kg. In 2022 the price rose to US$3.77 per kg. For 2023, the export price is predicted to be US$3.78 per Kg.
South Africa Saffron Import Prices - Historical, Trends and Prediction
The import price of saffron into South Africa over the last five years has been quite varied. In 2017, the price per kilogram was 2.35 US dollars, which was the lowest of the five-year period. This was followed by a slight increase to 3.29 US dollars in 2018. However, the price then jumped significantly to 4.97 US dollars in 2019, before dropping back to 2.68 US dollars in 2020. The price then rose again to 2.64 US dollars in 2021, before reaching its highest point of 3.75 US dollars in 2022. Based on this data, it is likely that the import price of saffron into South Africa will remain relatively stable in the next two years, with an estimated price of 3.75 US dollars in 2023 and 3.76 US dollars in 2024.Export values for South Africa saffron
The total values in export for saffron in South Africa were US$ 223, US$ 108, US$ 92 and US$ 199 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 South Africa: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Nutmeg, Mace, Cardamom & Anise.
See prices of saffron in other countries across Africa: Algeria saffron, Angola saffron, Botswana saffron, Burundi saffron, Cameroon saffron, Cape Verde saffron, Central African Republic saffron, Comoros saffron, DRC Congo saffron & Benin saffron.
South Africa saffron - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa shipped 1,545 tonnes of saffron. For 2019 alone, the interest in South Africa saffron (herbs and spices category) has increased, with a change of 37.578 per cent compared to the year 2018. Between 2017 and 2019, saffron's exports increased by 30.6 pc netting the nation US$0.20m for the year 2019. South Africa's saffron exports are categorised as:
- Saffron (HS code 091020)
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South Africa saffron export values
In 2019, South Africa supplied saffron costing 0.20m USD, a growth of 117.39% from 2018's total saffron export of 0.092m USD. The annual growth in value of South Africa saffron between 2017 to 2018 was -14.815 pc.
The yearly variation in the amount of South Africa's saffron exports between 2017 and 2019 was 30.6 pc in comparison to a variation of 37.578% in the period between 2018 and 2019.
Export markets for South Africa saffron ( in '000$ )
South Africa imported 31 tonnes of saffron in 2019.
Why is saffron so expensive in South Africa?
Saffron (Crocus sativus) is one of the most precious spices for a reason: 75,000 flowers go into the preparation of a single pound of spice. On top of that, each plant has a bare minimum of spice per flower. Besides, the plant requires manual harvesting. South Africans fondly call the spice “red gold.”
The saffron planting season for South Africa saffron starts in March through May, Flowers bloom in 1 and 1/2 months after the propagation of the bulbs. Farmers need not replant bulbs as they regenerate in the next season and sprout if there is enough rain.
Buying or selling Saffron in South Africa
Options for buying and selling South Africa saffron include:
1. Buy a trial pack
Saffricon offers a trial pack of around R15,000 ($801.47) a kg to local consumers. Otherwise, the lowest retail market price benchmark is at least $1300 a kg.
The local retail price for South Africa saffron goes to as high as R250,000 ($13,368) per kg. This is for those who want to match the global price benchmark for the spice.
2. Opt for South Africa ‘red gold’ price per gram offers
The spice costs around R250 per gram. While this might prove expensive than bulk purchases, it is worth it if you are looking for small quantities.