Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the United States - 2023
Contents:
- Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the United States (FOB) - 2023
- Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the United States (CIF) - 2023
- Exports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the United States
- Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the United States
Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the United States (FOB) - 2023
In December 2023, the average export price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $2,430 per ton, falling by -41.9% against the previous month. Overall, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in August 2023 when the average export price increased by 177% m-o-m. Over the period under review, the average export prices reached the maximum at $5,717 per ton in June 2023; however, from July 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($5,700 per ton), while the average price for exports to Italy ($1,661 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the United States (CIF) - 2023
In December 2023, the average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $2,921 per ton, surging by 2.9% against the previous month. Over the period under review, the import price posted prominent growth. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 89% against the previous month. Over the period under review, average import prices hit record highs at $4,097 per ton in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Canada ($3,755 per ton), while the price for Argentina ($1,098 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the United States
In 2022, approx. 5.1K tons of seed; clover (trifolium spp.) seed, of a kind used for sowing were exported from the United States; increasing by 10% compared with the previous year's figure. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 20%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing reduced to $13M in 2022. The total export value increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $14M, and then reduced modestly in the following year.
| Export of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 4,953 | 4,187 | 5,433 | 7,676 | 15.7% |
| Argentina | N/A | 439 | 340 | 852 | 39.3% |
| Japan | 440 | 506 | 542 | 846 | 24.3% |
| Chile | 33.4 | 261 | 585 | 558 | 155.6% |
| Australia | 53.2 | 286 | 249 | 511 | 112.6% |
| Peru | 371 | 301 | 363 | 467 | 8.0% |
| France | 261 | 355 | 253 | 438 | 18.8% |
| South Africa | 68.9 | 133 | 142 | 380 | 76.7% |
| China | 1,590 | 1,282 | 4,118 | 345 | -39.9% |
| Netherlands | 454 | 1,102 | 180 | 270 | -15.9% |
| Italy | 931 | 582 | 592 | 249 | -35.6% |
| New Zealand | 49.8 | 133 | 178 | 248 | 70.8% |
| Colombia | 83.1 | 101 | 173 | 209 | 36.0% |
| Others | 611 | 674 | 636 | 367 | -15.6% |
| Total | 9,900 | 10,341 | 13,783 | 13,415 | 10.7% |
Top Export Markets for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing from the United States in 2022:
- Canada (2680.4 tons)
- Argentina (451.9 tons)
- Australia (233.8 tons)
- Peru (217.0 tons)
- South Africa (212.9 tons)
- Japan (212.9 tons)
- Chile (211.9 tons)
- Italy (163.4 tons)
- Netherlands (162.2 tons)
- China (141.4 tons)
- France (121.5 tons)
- New Zealand (103.0 tons)
- Colombia (81.0 tons)
Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the United States
After three years of growth, supplies from abroad of seed; clover (trifolium spp.) seed, of a kind used for sowing decreased by -15.3% to 3.4K tons in 2022. The total import volume increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year.
In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $8.6M in 2022. The total import value increased at an average annual rate of +11.0% 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 24% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.5 | 3.9 | 4.5 | 4.0 | 4.6% |
| New Zealand | 1.6 | 2.1 | 2.0 | 1.3 | -6.7% |
| Australia | 0.4 | 0.5 | 1.0 | 1.0 | 35.7% |
| Egypt | 0.5 | 0.6 | 0.4 | 0.7 | 11.9% |
| Germany | 0.1 | 0.3 | 0.2 | 0.7 | 91.3% |
| Netherlands | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Denmark | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Others | 0.1 | 0.3 | 0.1 | 0.3 | 44.2% |
| Total | 6.3 | 7.7 | 8.5 | 8.6 | 10.9% |
Top Suppliers of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing to the United States in 2022:
- Canada (1028.4 tons)
- New Zealand (939.2 tons)
- Egypt (387.8 tons)
- Germany (307.9 tons)
- Australia (266.8 tons)
- Netherlands (226.6 tons)
- Denmark (106.9 tons)
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