What is the price of saffron per kilogram/pound in Turkey today?
The retail price range for Turkey saffron is between US$ 16.78 and US$ 23.68 per kilogram or between US$ 7.61 and US$ 10.74 per pound(lb). Click here to see today's exact prices of saffron in Turkey
The retail price range in Turkish Lira for saffron is between TRY 332.32 and TRY 469.16 per kilogram or between TRY 150.71 and TRY 212.77 per pound(lb) in Ankara and Istanbul.
Wholesale prices
In 2024, the approximate wholesale price range for Turkey saffron is between US$ 11.74 and US$ 16.58 per kilogram or between US$ 5.33 and US$ 7.52 per pound(lb).
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Turkey Saffron Export Prices - Historical, Trends and Prediction
The export price per kilogram of Saffron from Turkey over the last five years has been quite volatile. In 2017, the price was 9.73 US$ per kg, which was the lowest in the period. This was followed by a sharp increase in 2018 to 18.40 US$ per kg. In 2019, the price rose to 33.00 US$ per kg, the highest in the period. In 2020, the price dropped to 13.39 US$ per kg, before rising again to 42.29 US$ per kg in 2021. The latest data point for 2022 shows a price of 27.78 US$ per kg. Based on the trend, it is likely that the price of Saffron from Turkey will continue to rise in 2023 and 2024.Turkey Saffron Import Prices - Historical, Trends and Prediction
The import price of saffron into Turkey over the last five years has been quite volatile. In 2017, the price was 9.73 US$ per kg, followed by a significant increase to 18.40 US$ per kg in 2018. This was followed by a further increase to 33.00 US$ per kg in 2019. However, in 2020, the price dropped to 13.39 US$ per kg, before rising again to 42.29 US$ per kg in 2021. The most recent data shows that the price has dropped to 27.78 US$ per kg in 2022. Based on the data, it is likely that the price of saffron in Turkey will remain relatively stable in the next two years. We predict that the price of saffron in 2023 will be around 28.00 US$ per kg, and in 2024 it will be around 29.00 US$ per kg.Export values for Turkey saffron
The total values in export for saffron in Turkey were US$ 32, US$ 107, US$ 92 and US$ 58 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 Turkey: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Nutmeg, Mace, Cardamom & Anise.
See prices of saffron in other countries across Middle East: Bahrain saffron, Cyprus saffron, Iraq saffron, Israel saffron, Jordan saffron, Kuwait saffron, Lebanon saffron, Palestine saffron, Oman saffron & Qatar saffron.
Turkey saffron - Production, Exports, Imports, Seasons and HS Codes
The volume of saffron shipped by Turkey in 2020 was 46 metric tonnes. In 2019 Turkey exported 5 tonnes of saffron. In 2019 alone, the market for Turkey saffron (herbs and spices category) has remained constant, recording a change of 0 pc compared to the year 2018. Between 2017 and 2019, saffron's exports decreased by -54.55 percent netting Turkey US$0.06m for the year 2019. Turkey's saffron exports are classified as:
- Saffron (HS code 091020)
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Turkey saffron export values
In 2019, Turkey supplied saffron with a value of 0.06m USD, a contraction of -34.78% from 2018's total saffron export of 0.092m USD. The yearly change in value of Turkey saffron between 2017 to 2018 was -14.019%.
The yearly change in the quantity of Turkey's saffron exports between 2017 and 2019 was -54.55 per cent when compared to a variation of 0% in the growth rate between 2018 and 2019.
Export markets for Turkey saffron ( in '000$ )
Turkey imported 0 tonnes of saffron in 2019.