World-wide market

• Global Saffron Market size was valued at US$ 946.06 Mn. in

2020 and the total revenue is expected to grow at 7.3 % CAGR
through 2021 to 2027, reaching nearly US$ 1549.24 Mn.
Growth of Saffron market- UAE
Saudi Arabia Saffron Market
Saffron Market-USA
Export and Export potential
Domestic strength for boosting export of saffron:
• India is the second largest producer of saffron after Iran.
• Kashmiri saffron is considered of highest quality due to high aroma, dark color,
long and thick thread, which impart it high medicinal value.
• GOI has awarded Geographical Index (GI Tag) to Kashmiri saffron in order to
distinguish it on the basis of authenticity.
• Introduction of schemes like National Mission on Saffron for boosting saffron
production.
• Introduction of saffron park and labs for advanced processing, promotion and
quality enhancement.
• Promotion of Kashmiri saffron by GOI on international platforms.
India Saffron export
A total of 65 countries and territories import saffron from India at a combined value of 1.65 Bn USD

Value( US Mn $)
0.8
0.74
0.7

0.6

0.5

0.4

0.3

0.2

0.1
0.1 0.08 0.07
0.04
0
United Arab Emirates USA Australia Nepal Canada
India- saffron export volume trend
Measures for enhancing competitiveness for
exporting saffron
UAE: Risk Assessment
Country Risk Rating: A3
A1 A2 A3 A4 B C D E

Very Low Risk Acceptable Risk High Risk

Business Climate Rating: A2

A1 A2 A3 A4 B C D E

Very Low Risk Acceptable Risk High Risk

PESTLE analysis-UAE
Risk Assessment: Saudi Arabia
COUNTRY RISK RATING: B

A1 A2 A3 A4 B C D E

Very Low Risk Acceptable Risk High Risk

BUSINESS CLIMATE RATING: B

A1 A2 A3 A4 B C D E

Very Low Risk Acceptable Risk High Risk

SAUDI ARABIA PESTLE ANALYSIS
Risk Assessment: USA
COUNTRY RISK RATING: A2

A1 A2 A3 A4 B C D E

Very Low Risk Acceptable Risk High Risk

Source:Coface

BUSINESS CLIMATE RATING: A1

A1 A2 A3 A4 B C D E

Very Low Risk Acceptable Risk High Risk

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