Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in China - 2023
Contents:
- Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in China (CIF) - 2022
- Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in China
Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in China (CIF) - 2022
In 2022, the average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $5,134 per ton, rising by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($6,137 per ton), while the price for the United States ($3,395 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in China
After three years of growth, supplies from abroad of seed; clover (trifolium spp.) seed, of a kind used for sowing decreased by -38% to 2.2K tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of 3.6K tons, and then declined dramatically in the following year.
In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing contracted significantly to $11M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports reached the peak of $15M, and then shrank remarkably in the following year.
| Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 2.9 | 3.8 | 4.3 | 3.3 | 4.4% |
| Denmark | 1.5 | 0.8 | 2.3 | 2.6 | 20.1% |
| Canada | 0.5 | 0.2 | 0.7 | 2.2 | 63.9% |
| New Zealand | 0.2 | 2.5 | 1.9 | 2.2 | 122.4% |
| Australia | 1.1 | 1.0 | 0.9 | 0.5 | -23.1% |
| United States | 1.9 | 0.9 | 4.5 | 0.5 | -35.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.0 | 9.2 | 14.7 | 11.4 | 12.5% |
Top Suppliers of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing to China in 2022:
- Argentina (601.1 tons)
- Denmark (487.7 tons)
- Canada (463.2 tons)
- New Zealand (431.2 tons)
- United States (146.7 tons)
- Australia (82.5 tons)
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