Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Algeria - 2022
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Algeria (CIF) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Algeria
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Algeria (CIF) - 2022
The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $5,665 per ton in 2022, jumping by 17% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for seed; lucerne (alfalfa) seed, of a kind used for sowings increased by +27.4% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 47%. The import price peaked at $6,568 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($6,826 per ton), while the price for Turkey ($3,099 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Algeria
For the fourth consecutive year, Algeria recorded growth in supplies from abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings, which increased by 54% to 1.5K tons in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 178% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings surged to $8.7M in 2022. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 190%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 891 | 1,163 | 3,992 | 6,197 | 90.9% |
| Italy | 139 | 100 | 80.1 | 863 | 83.8% |
| France | 88.4 | 203 | 477 | 723 | 101.5% |
| Greece | N/A | N/A | N/A | 238 | 0% |
| Germany | 96.3 | 94.9 | 114 | 232 | 34.1% |
| Australia | 80.0 | 53.3 | 81.2 | 218 | 39.7% |
| Egypt | 34.1 | 37.6 | 50.9 | 143 | 61.3% |
| Turkey | 14.4 | 21.9 | 65.7 | 135 | 110.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,343 | 1,674 | 4,860 | 8,748 | 86.8% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Algeria in 2022:
- United States (1019.5 tons)
- Italy (174.3 tons)
- France (146.2 tons)
- Australia (49.5 tons)
- Germany (47.9 tons)
- Turkey (43.6 tons)
- Greece (34.9 tons)
- Egypt (28.6 tons)
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