Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Bulgaria - 2023
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Bulgaria (CIF) - 2022
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Bulgaria (FOB) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Bulgaria
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Bulgaria
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Bulgaria (CIF) - 2022
The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $4,289 per ton in 2022, increasing by 50% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $4,834 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Romania ($6,019 per ton), while the price for Pakistan ($2,771 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+45.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Bulgaria (FOB) - 2022
The average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $2,621 per ton in 2022, increasing by 97% against the previous year. In general, the export price enjoyed a moderate expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 580% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($4,673 per ton), while the average price for exports to Greece ($312 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 Italy (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Bulgaria
In 2022, the amount of seed; lucerne (alfalfa) seed, of a kind used for sowings imported into Bulgaria dropped to 267 tons, falling by -6.8% on the previous year. Overall, imports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, imports attained the peak of 287 tons, and then shrank in the following year.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings surged to $1.1M in 2022. In general, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 408 | 326 | 439 | 551 | 10.5% |
| Pakistan | N/A | N/A | 58.0 | 257 | 343.1% |
| Romania | 59.4 | 144 | 73.1 | 175 | 43.4% |
| Austria | 27.7 | 58.9 | 108 | 117 | 61.6% |
| Denmark | N/A | N/A | 27.8 | 23.2 | -16.5% |
| Serbia | N/A | 27.8 | 57.5 | 16.7 | -22.5% |
| France | N/A | 55.5 | 19.3 | 0.3 | -92.6% |
| Others | 545 | 4.2 | 34.0 | 5.2 | -78.8% |
| Total | 1,040 | 616 | 818 | 1,146 | 3.3% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Bulgaria in 2022:
- Italy (109.9 tons)
- Pakistan (92.9 tons)
- Romania (29.0 tons)
- Austria (25.5 tons)
- Denmark (4.9 tons)
- Serbia (4.0 tons)
- France (0.1 tons)
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Bulgaria
In 2022, overseas shipments of seed; lucerne (alfalfa) seed, of a kind used for sowings decreased by -8.9% to 128 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25%. As a result, the exports attained the peak of 140 tons, and then shrank in the following year.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings surged to $335K in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 104% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 105 | 76.3 | 268 | 59.8% |
| Georgia | 14.0 | 70.5 | 2.6 | 44.9 | 47.5% |
| Romania | 10.8 | 10.4 | 81.8 | 10.1 | -2.2% |
| Greece | 28.3 | 13.0 | 25.5 | 6.8 | -37.8% |
| Sweden | N/A | 3.5 | N/A | N/A | 0% |
| Others | 56.6 | 20.6 | N/A | 4.8 | -56.1% |
| Total | 110 | 223 | 186 | 335 | 44.9% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from Bulgaria in 2022:
- Italy (92.9 tons)
- Greece (21.7 tons)
- Georgia (10.0 tons)
- Romania (2.2 tons)
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