Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Brazil - 2024

Contents:

  1. Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Brazil (FOB) - 2022
  2. Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Brazil (CIF) - 2022
  3. Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Brazil
  4. Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Brazil

Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Brazil (FOB) - 2022

In 2022, the average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $2,057 per ton, approximately equating the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 141% against the previous year. As a result, the export price attained the peak level of $19,556 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($16,281 per ton), while the average price for exports to Turkey ($521 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (-4.0%), while the prices for the other major destinations experienced a decline.

Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Brazil (CIF) - 2022

The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $5,370 per ton in 2022, jumping by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $6,862 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($12,801 per ton), while the price for Argentina ($3,332 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Brazil

In 2022, overseas shipments of seed; lucerne (alfalfa) seed, of a kind used for sowings decreased by 0% to 53 tons, falling for the second year in a row after two years of growth. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 133%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings totaled $109K in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 53%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
UruguayN/AN/AN/A27.50%
United Arab EmiratesN/AN/AN/A21.50%
QatarN/AN/AN/A10.40%
TurkeyN/AN/AN/A9.80%
OthersN/AN/AN/A40.20%
TotalN/A0.1N/A1093201.5%

Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from Brazil in 2022:

  1. Turkey (18.8 tons)
  2. Uruguay (3.8 tons)
  3. United Arab Emirates (1.9 tons)
  4. Qatar (0.6 tons)

Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Brazil

For the third year in a row, Brazil recorded decline in purchases abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings, which decreased by -90.6% to 6.8 tons in 2022. Over the period under review, imports faced a sharp contraction. The smallest decline of -0.4% was in 2021.

In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings declined rapidly to $37K in 2022. In general, imports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2021 when imports increased by 7.8% against the previous year.

Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia17264.941.616.3-54.4%
EgyptN/AN/AN/A7.50%
Argentina56.750.541.45.7-53.5%
Uruguay78.725.592.22.3-69.2%
Chile20.317.914.62.0-53.8%
Others3121441372.7-79.5%
Total63930332736.5-61.5%

Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Brazil in 2022:

  1. Australia (2.4 tons)
  2. Argentina (1.7 tons)
  3. Egypt (1.6 tons)
  4. Uruguay (0.4 tons)
  5. Chile (0.2 tons)

Source: IndexBox Market Intelligence Platform

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