Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Canada - 2024
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Canada (FOB) - 2024
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Canada (CIF) - 2024
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Canada
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Canada
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Canada (FOB) - 2024
The average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $3,628 per ton in September 2023, waning by -2.2% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 27% month-to-month. As a result, the export price attained the peak level of $4,216 per ton. From August 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,987 per ton), while the average price for exports to Argentina ($2,780 per ton) was amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.3%), 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 Canada (CIF) - 2024
The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $7,404 per ton in September 2023, increasing by 76% against the previous month. Over the period under review, the import price showed a remarkable increase. Over the period under review, average import prices reached the peak figure at $11,989 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were Italy ($9,315 per ton) and Denmark ($9,003 per ton), while the price for the United States ($7,049 per ton) and France ($9,001 per ton) were amongst the lowest.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), 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 Canada
For the third year in a row, Canada recorded decline in shipments abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings, which decreased by -22.5% to 16K tons in 2022. Over the period under review, exports faced a deep reduction. The smallest decline of -1.2% was in 2020.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings reduced remarkably to $66M in 2022. Overall, exports showed a abrupt downturn. The smallest decline of -4.8% was in 2020.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.4 | 28.4 | 23.9 | 19.8 | -16.8% |
| Netherlands | 3.9 | 5.5 | 4.0 | 4.6 | 5.7% |
| China | 3.9 | 7.6 | 7.4 | 4.1 | 1.7% |
| Argentina | 1.4 | 1.0 | 2.0 | 2.1 | 14.5% |
| Germany | 0.3 | 0.3 | 0.5 | 1.1 | 54.2% |
| Italy | 0.2 | 0.2 | 0.2 | 0.9 | 65.1% |
| Others | 51.9 | 48.4 | 39.9 | 33.1 | -13.9% |
| Total | 96.1 | 91.5 | 78.0 | 65.7 | -11.9% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from Canada in 2022:
- United States (4.2K tons)
- China (1.4K tons)
- Netherlands (1.2K tons)
- Argentina (0.7K tons)
- Italy (0.3K tons)
- Germany (0.3K tons)
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Canada
In 2022, the amount of seed; lucerne (alfalfa) seed, of a kind used for sowings imported into Canada contracted significantly to 1K tons, declining by -57.8% compared with 2021. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year. As a result, imports attained the peak of 2.5K tons, and then dropped dramatically in the following year.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings reduced remarkably to $6.5M in 2022. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports attained the peak of $18M, and then dropped dramatically in the following year.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.8 | 5.5 | 8.4 | 2.9 | -15.5% |
| Australia | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Others | 5.3 | 6.1 | 9.4 | 3.5 | -12.9% |
| Total | 10.1 | 11.8 | 17.8 | 6.5 | -13.7% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Canada in 2022:
- United States (459.7 tons)
- Australia (22.1 tons)
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