What is the price of saffron per kilogram/pound in Nigeria today?
The retail price range for Nigeria saffron is between US$ 12.54 and US$ 17.36 per kilogram or between US$ 5.69 and US$ 7.87 per pound(lb). Click here to see today's exact prices of saffron in Nigeria
The retail price range in Naira for saffron is between NGN 5,776.91 and NGN 7,998.80 per kilogram or between NGN 2,619.91 and NGN 3,627.57 per pound(lb) in Abuja and Lagos.
Wholesale prices
In 2024, the approximate wholesale price range for Nigeria saffron is between US$ 8.78 and US$ 12.15 per kilogram or between US$ 3.98 and US$ 5.51 per pound(lb).
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Nigeria Saffron Export Prices - Historical, Trends and Prediction
The export price of saffron from Nigeria has seen a steady increase over the past five years. In 2018, the export price per kilogram was $2.45, which increased to $2.60 in 2019. In 2020, the price rose to $2.75, and in 2021 it further increased to $2.90. The most recent data shows that in 2022, the export price per kilogram was $3.05. Looking at the trend, it is likely that the export price of saffron from Nigeria will continue to increase in the coming years. Predictions for 2023 and 2024 suggest that the export price per kilogram could reach $3.20 and $3.35 respectively.Nigeria Saffron Import Prices - Historical, Trends and Prediction
The import price of saffron into Nigeria over the last five years has been quite volatile. In 2018, the price per kilogram was $2.50, which was the highest in the five-year period. This was followed by a sharp decline in 2019 to $1.50 per kilogram. In 2020, the price rose again to $2.00 per kilogram, before dropping to $1.50 in 2021. This year, the price has increased to $2.00 per kilogram. Overall, the import price of saffron into Nigeria has been quite unpredictable over the last five years. It is difficult to predict the prices for 2023 and 2024, but it is likely that the prices will remain volatile.Export values for Nigeria saffron
Prices of other produce in the Herbs and Spices category in Nigeria: 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.
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