Price for Seed; Fescue, of A Kind Used for Sowing in Italy - 2023

Price for Seed; Fescue, of A Kind Used for Sowing in Italy (CIF) - 2022

In 2022, the average import price for seed; fescue, of a kind used for sowings amounted to $2,855 per ton, jumping by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.8%. The pace of growth appeared the most rapid in 2013 an increase of 21% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 the United States ($4,067 per ton), while the price for Canada ($2,053 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seed; Fescue, of A Kind Used for Sowing in Italy (FOB) - 2023

In November 2023, the average export price for seed; fescue, of a kind used for sowings amounted to $3,297 per ton, picking up by 1.8% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 24% against the previous month. The export price peaked at $4,287 per ton in July 2023; however, from August 2023 to November 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Romania ($4,661 per ton), while the average price for exports to France ($2,171 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seed; Fescue, of A Kind Used for Sowing in Italy

In 2022, after three years of growth, there was significant decline in supplies from abroad of seed; fescue, of a kind used for sowings, when their volume decreased by -5.3% to 6.3K tons. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% 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 +56.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of 6.6K tons, and then declined in the following year.

In value terms, imports of seed; fescue, of a kind used for sowings amounted to $18M in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 75%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Import of Seed; Fescue, of A Kind Used for Sowing in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	4.4	3.7	6.0	6.5	13.9%
United States	2.0	3.2	2.7	3.7	22.8%
Germany	0.2	0.3	0.6	2.0	115.4%
Poland	0.2	0.1	2.0	1.7	104.1%
Spain	0.7	0.6	0.8	0.7	0.0%
Netherlands	0.2	0.2	0.8	0.6	44.2%
Czech Republic	0.3	0.2	0.8	0.5	18.6%
France	0.2	0.1	0.4	0.5	35.7%
Canada	0.1	0.2	0.1	0.4	58.7%
Lithuania	N/A	0.4	1.0	0.4	0.0%
Latvia	0.1	0.1	0.3	0.4	58.7%
Sweden	N/A	0.1	0.2	0.3	73.2%
Others	0.2	N/A	0.2	0.3	14.5%
Total	8.7	9.0	15.8	17.9	27.2%

Top Suppliers of Seed; Fescue, of A Kind Used for Sowing to Italy in 2022:

Denmark (2643.8 tons)
United States (905.5 tons)
Germany (643.9 tons)
Poland (619.9 tons)
Spain (210.3 tons)
Canada (206.4 tons)
Netherlands (202.8 tons)
Czech Republic (188.7 tons)
France (150.3 tons)
Latvia (149.1 tons)
Lithuania (124.2 tons)
Sweden (99.3 tons)

Exports of Seed; Fescue, of A Kind Used for Sowing in Italy

For the fourth consecutive year, Italy recorded growth in shipments abroad of seed; fescue, of a kind used for sowings, which increased by 9% to 1.8K tons in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.2% 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 +82.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of seed; fescue, of a kind used for sowings skyrocketed to $6.7M in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 70%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Export of Seed; Fescue, of A Kind Used for Sowing in Italy (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	N/A	N/A	415	2,016	385.8%
Turkey	355	666	675	1,086	45.2%
France	387	389	851	583	14.6%
Canada	N/A	84.2	287	544	154.2%
Portugal	216	282	401	418	24.6%
Spain	193	203	462	342	21.0%
Switzerland	59.2	89.1	360	286	69.0%
Austria	196	213	162	201	0.8%
United Kingdom	60.6	133	190	165	39.6%
Greece	169	168	291	158	-2.2%
Germany	154	299	285	151	-0.7%
Slovenia	116	60.3	77.3	75.9	-13.2%
Hungary	168	35.3	39.4	35.3	-40.5%
Others	426	454	738	676	16.6%
Total	2,500	3,075	5,236	6,736	39.2%