Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in China - 2024
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in China (CIF) - 2024
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in China (FOB) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in China
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in China
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in China (CIF) - 2024
In September 2023, the average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $3,106 per ton, shrinking by -18.4% against the previous month. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 1.4% month-to-month. The import price peaked at $4,140 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Canada ($3,112 per ton), while the price for Australia stood at $3,000 per ton.
From May 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+8.1%), while the prices for the other major suppliers experienced a decline.
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in China (FOB) - 2022
The average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $3,377 per ton in 2022, falling by -9.6% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for seed; lucerne (alfalfa) seed, of a kind used for sowings increased by +24.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 57%. As a result, the export price attained the peak level of $4,154 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Uganda.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +8.0% per year.
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in China
Imports of seed; lucerne (alfalfa) seed, of a kind used for sowings into China contracted notably to 1.6K tons in 2022, falling by -69% compared with the previous year's figure. Overall, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports attained the peak of 5.2K tons, and then declined significantly in the following year.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings reduced sharply to $8.3M in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 97% against the previous year. As a result, imports attained the peak of $19M, and then fell remarkably in the following year.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.2 | 7.6 | 12.1 | 5.6 | -3.3% |
| Italy | 0.2 | 0.1 | 5.4 | 0.9 | 65.1% |
| United States | 0.4 | 0.6 | 0.3 | 0.9 | 31.0% |
| Australia | 0.4 | 1.1 | 0.8 | 0.6 | 14.5% |
| France | 0.1 | 0.4 | 0.7 | 0.3 | 44.2% |
| Others | 7.3 | N/A | N/A | N/A | 0% |
| Total | 14.6 | 9.8 | 19.4 | 8.3 | -17.2% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to China in 2022:
- Canada (972.8 tons)
- Italy (225.0 tons)
- Australia (190.9 tons)
- United States (127.0 tons)
- France (81.9 tons)
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in China
For the third consecutive year, China recorded decline in shipments abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings, which decreased by -99.2% to 459 kg in 2022. Overall, exports continue to indicate a precipitous setback. The smallest decline of -2.8% was in 2021.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings reduced rapidly to $1.6K in 2022. Over the period under review, exports showed a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 34%.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | N/A | N/A | 1.6 | 1.6 | 0.0% |
| South Korea | 83.1 | 31.0 | 36.3 | N/A | -33.9% |
| Japan | 205 | 133 | 188 | N/A | -4.2% |
| Netherlands | 20.6 | N/A | N/A | N/A | 0% |
| Others | 309 | 3.8 | N/A | N/A | -98.8% |
| Total | 617 | 168 | 226 | 1.6 | -86.3% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from China in 2022:
- Uganda (459.0 kg)
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