Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Australia - 2024
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Australia (FOB) - 2024
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Australia (CIF) - 2022
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Australia
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Australia
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Australia (FOB) - 2024
In September 2023, the average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $7,331 per ton, with a decrease of -1.9% against the previous month. Over the period from April 2023 to September 2023, it increased at an average monthly rate of +9.1%. The pace of growth appeared the most rapid in May 2023 an increase of 31% month-to-month. Over the period under review, the average export prices hit record highs at $7,469 per ton in August 2023, and then reduced modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Sudan ($8,494 per ton), while the average price for exports to China ($2,299 per ton) was amongst the lowest.
From April 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+150.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Australia (CIF) - 2022
The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $4,429 per ton in 2022, shrinking by -15.9% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 297%. Over the period under review, average import prices attained the maximum at $13,805 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Jordan ($4,430 per ton), while the price for Italy ($4,423 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Australia
In 2022, shipments abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings decreased by -21% to 13K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 161% against the previous year. As a result, the exports attained the peak of 20K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings reached $87M in 2022. The total export value increased at an average annual rate of +13.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 38%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 11.6 | 18.7 | 19.0 | 22.7 | 25.1% |
| United States | 6.6 | 6.4 | 7.8 | 6.4 | -1.0% |
| Argentina | 1.9 | 4.3 | 4.6 | 4.3 | 31.3% |
| South Africa | 2.4 | 5.3 | 4.9 | 4.2 | 20.5% |
| Sudan | 1.2 | 0.9 | 1.1 | 1.2 | 0.0% |
| New Zealand | 0.5 | 0.2 | 0.4 | 0.8 | 17.0% |
| China | 0.3 | 1.3 | 0.8 | 0.4 | 10.1% |
| Peru | 1.0 | 1.2 | 0.3 | N/A | -45.2% |
| Others | 34.2 | 44.2 | 46.6 | 46.7 | 10.9% |
| Total | 59.6 | 82.3 | 85.6 | 86.7 | 13.3% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from Australia in 2022:
- Saudi Arabia (2.9K tons)
- United States (1.2K tons)
- South Africa (0.7K tons)
- Argentina (0.6K tons)
- Sudan (0.1K tons)
- China (0.1K tons)
- New Zealand (0.1K tons)
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Australia
In 2022, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings into Australia reduced sharply to 20 tons, which is down by -87.9% on the previous year. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 12,197% against the previous year. As a result, imports reached the peak of 166 tons, and then shrank notably in the following year.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings shrank markedly to $89K in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 4,589% against the previous year. As a result, imports reached the peak of $876K, and then reduced rapidly in the following year.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | N/A | N/A | N/A | 56.8 | 0% |
| Egypt | N/A | N/A | 35.4 | 30.0 | -15.3% |
| Italy | N/A | N/A | N/A | 2.4 | 0% |
| United States | 10.7 | 9.5 | 800 | N/A | 764.7% |
| Netherlands | N/A | N/A | 40.8 | N/A | 0% |
| Others | N/A | 9.1 | N/A | N/A | 0% |
| Total | 10.7 | 18.7 | 876 | 89.2 | 102.8% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Australia in 2022:
- Jordan (12.8 tons)
- Egypt (6.8 tons)
- Italy (0.6 tons)
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