Iran Saffron Market

Iranian Saffron (Iran Saffron), often referred to as the “Golden Spice,” is a highly coveted commodity in the global market. Known for its rich aroma, vibrant color, and medicinal properties, saffron from Iran has a reputation for being among the best in the world.

Here we are qouting an article from Iran Saffron Official Website as following:

MARKET OVERVIEW OF IRAN SAFFRON

The global saffron market was estimated at USD 602.2 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2024 to 20301. This growth is driven by increasing demand in medical and cosmetic applications, where saffron antioxidant properties are highly valued.

IRAN’ SAFFRON EXPORT LANDSCAPE

Iran is the world’s leading exporter of saffron, with exports amounting to $104M in 20212. The main destinations for Iranian saffron exports are China, Spain, Hong Kong, Kuwait, and the United Arab Emirates, with China being the largest importer. The export market for Iranian saffron has seen significant growth, particularly in China, Qatar, and Germany. However, China is using Iran Saffron imported as bulk in huge amounts to repack and rebrand and sell it worldwide.

Despite being a major exporter, Iran also imports saffron, primarily from Spain, Sweden, France, Austria, and the United Arab Emirates. The import market has seen growth, with Spain being the fastest-growing origin for saffron imports into Iran.