Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Turkey - 2023

Contents:

  1. Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Turkey (CIF) - 2022
  2. Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Turkey (FOB) - 2022
  3. Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Turkey
  4. Exports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Turkey

Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Turkey (CIF) - 2022

The average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing stood at $5,743 per ton in 2022, with an increase of 4.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2021 when the average import price increased by 34%. Over the period under review, average import prices hit record highs at $5,921 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Denmark.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +2.9% per year.

Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Turkey (FOB) - 2022

The average export price for seed; clover (trifolium spp.) seed, of a kind used for sowing stood at $10,048 per ton in 2022, growing by 59% against the previous year. Overall, the export price recorded buoyant growth. The growth pace was the most rapid in 2020 an increase of 71% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($11,720 per ton), while the average price for exports to Azerbaijan amounted to $9,908 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+946.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Turkey

After three years of growth, supplies from abroad of seed; clover (trifolium spp.) seed, of a kind used for sowing decreased by -36.2% to 21 tons in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of 32 tons, and then fell markedly in the following year.

In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing reduced notably to $119K in 2022. In general, imports recorded a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 58%. As a result, imports reached the peak of $178K, and then reduced remarkably in the following year.

Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Denmark41.142.168.311942.5%
Spain7.58.610.5N/A18.3%
Italy13.211.74.1N/A-44.3%
Netherlands5.25.35.8N/A5.6%
Others58.844.789.1N/A23.1%
Total126112178119-1.9%

Top Suppliers of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing to Turkey in 2022:

  1. Denmark (20.7 tons)

Exports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Turkey

After two years of decline, overseas shipments of seed; clover (trifolium spp.) seed, of a kind used for sowing increased by 91% to 650 kg in 2022. In general, exports, however, saw a precipitous slump.

In value terms, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing surged to $6.5K in 2022. Overall, exports, however, showed a sharp slump.

Export of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Azerbaijan4.32.81.25.911.1%
Cyprus0.30.30.30.626.0%
UzbekistanN/A2.3N/AN/A0%
DenmarkN/A2.8N/AN/A0%
Turkmenistan0.90.80.6N/A-18.4%
Netherlands7.7N/AN/AN/A0%
Others7.72.80.1N/A-88.6%
Total20.911.82.16.5-32.2%

Top Export Markets for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing from Turkey in 2022:

  1. Azerbaijan (600.0 kg)
  2. Cyprus (50.0 kg)

Source: IndexBox Market Intelligence Platform

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