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

Contents:

  1. Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in India (CIF) - 2023
  2. Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in India (FOB) - 2022
  3. Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in India
  4. Exports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in India

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

In October 2023, the average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $1,009 per ton, approximately reflecting the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 15% m-o-m. The import price peaked at $1,068 per ton in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.

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

From October 2022 to October 2023, the rate of growth in terms of prices for Egypt amounted to -0.5% per month.

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

In 2022, the average export price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $2,553 per ton, which is down by -46.7% against the previous year. Over the period under review, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 93% against the previous year. As a result, the export price reached the peak level of $7,155 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Nepal.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +74.3% per year.

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

In 2022, the amount of seed; clover (trifolium spp.) seed, of a kind used for sowing imported into India skyrocketed to 12K tons, with an increase of 45% on the previous year. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing surged to $14M in 2022. The total import value increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Egypt10.414.310.414.010.4%
Others0.10.10.1N/A0.0%
Total10.514.410.514.010.1%

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

  1. Egypt (12.3K tons)

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

After three years of growth, overseas shipments of seed; clover (trifolium spp.) seed, of a kind used for sowing decreased by -59.4% to 13 tons in 2022. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year.

In value terms, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing shrank rapidly to $33K in 2022. Over the period under review, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of 20%.

Export of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nepal2.44.78.832.6138.6%
Egypt89.1114135N/A23.1%
Others13.07.17.0N/A-26.6%
Total10412515032.6-32.1%

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

  1. Nepal (12.8 tons)

Source: IndexBox Market Intelligence Platform

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