Price for Seed; Fescue, of A Kind Used for Sowing in the UK - 2023
Contents:
- Price for Seed; Fescue, of A Kind Used for Sowing in the UK (CIF) - 2023
- Price for Seed; Fescue, of A Kind Used for Sowing in the UK (FOB) - 2022
- Imports of Seed; Fescue, of A Kind Used for Sowing in the UK
- Exports of Seed; Fescue, of A Kind Used for Sowing in the UK
Price for Seed; Fescue, of A Kind Used for Sowing in the UK (CIF) - 2023
In December 2023, the average import price for seed; fescue, of a kind used for sowings amounted to $2,627 per ton, reducing by -3.1% against the previous month. Over the period under review, the import price saw a mild contraction. The most prominent rate of growth was recorded in March 2023 an increase of 22% m-o-m. As a result, import price attained the peak level of $3,465 per ton. From April 2023 to December 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from the Netherlands ($3,012 per ton) and New Zealand ($2,709 per ton), while the price for the United States ($2,118 per ton) and Denmark ($2,593 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Seed; Fescue, of A Kind Used for Sowing in the UK (FOB) - 2022
In 2022, the average export price for seed; fescue, of a kind used for sowings amounted to $4,109 per ton, rising by 62% against the previous year. Over the period under review, the export price showed a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($6,554 per ton), while the average price for exports to the Netherlands ($1,680 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+20.1%), 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 the UK
For the third year in a row, the UK recorded decline in overseas purchases of seed; fescue, of a kind used for sowings, which decreased by -2.7% to 4.5K tons in 2022. Overall, imports saw a deep contraction. The smallest decline of -0.3% was in 2020.
In value terms, imports of seed; fescue, of a kind used for sowings amounted to $12M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Seed; Fescue, of A Kind Used for Sowing in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 6.2 | 6.7 | 6.5 | 9.4 | 14.9% |
| Netherlands | 1.9 | 0.6 | 0.3 | 0.7 | -28.3% |
| United States | 0.6 | 0.8 | 1.5 | 0.6 | 0.0% |
| Canada | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Germany | 2.5 | 2.9 | 3.1 | 0.4 | -45.7% |
| Ireland | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Others | 0.1 | 0.4 | 0.1 | 0.4 | 58.7% |
| Total | 11.9 | 11.9 | 11.8 | 11.9 | 0.0% |
Top Suppliers of Seed; Fescue, of A Kind Used for Sowing to the UK in 2022:
- Denmark (3400.3 tons)
- United States (314.4 tons)
- Netherlands (310.2 tons)
- Canada (171.0 tons)
- Germany (141.0 tons)
- Ireland (11.4 tons)
Exports of Seed; Fescue, of A Kind Used for Sowing in the UK
In 2022, approx. 24 tons of seed; fescue, of a kind used for sowings were exported from the UK; waning by -50.9% on 2021. Overall, exports showed a sharp contraction. The smallest decline of -49.3% was in 2020.
In value terms, exports of seed; fescue, of a kind used for sowings contracted notably to $97K in 2022. In general, exports saw a sharp reduction.
| Export of Seed; Fescue, of A Kind Used for Sowing in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | N/A | N/A | 44.4 | 0% |
| Germany | 230 | 25.8 | 3.2 | 34.3 | -47.0% |
| Denmark | 17.6 | 0.1 | 8.7 | 6.9 | -26.8% |
| Netherlands | 105 | 95.4 | 35.8 | 1.2 | -77.5% |
| Belgium | 192 | 7.8 | N/A | N/A | -95.9% |
| Ireland | 739 | 619 | 43.1 | N/A | -75.9% |
| Austria | 155 | 8.4 | 9.7 | N/A | -75.0% |
| Switzerland | 15.5 | 218 | N/A | N/A | 1306.5% |
| France | 681 | 238 | 1.5 | N/A | -95.3% |
| Others | 21.0 | 43.6 | 19.5 | 9.8 | -22.4% |
| Total | 2,156 | 1,256 | 121 | 96.6 | -64.5% |
Top Export Markets for Seed; Fescue, of A Kind Used for Sowing from the UK in 2022:
- Germany (11.2 tons)
- Poland (10.3 tons)
- Denmark (1.1 tons)
- Netherlands (0.7 tons)
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