Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Denmark - 2024
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Denmark (FOB) - 2024
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Denmark (CIF) - 2024
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Denmark
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Denmark
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Denmark (FOB) - 2024
In August 2023, the average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $9,948 per ton, jumping by 107% against the previous month. Over the period under review, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was France ($10,688 per ton), while the average price for exports to Norway ($968 per ton) was amongst the lowest.
From March 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+7.0%), 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 Denmark (CIF) - 2024
The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $3,826 per ton in August 2023, shrinking by -21.5% against the previous month. Overall, the import price saw a pronounced slump. The most prominent rate of growth was recorded in April 2023 an increase of 18% month-to-month. Over the period under review, average import prices hit record highs at $5,634 per ton in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From February 2023 to August 2023, the rate of growth in terms of prices for France amounted to +6.4% per month.
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Denmark
In 2022, approx. 530 tons of seed; lucerne (alfalfa) seed, of a kind used for sowings were exported from Denmark; picking up by 10% against the previous year's figure. In general, exports, however, showed a deep setback.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings dropped to $1.8M in 2022. Overall, exports, however, recorded a dramatic decline.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 205 | 122 | 115 | 220 | 2.4% |
| Sweden | 134 | 144 | 192 | 210 | 16.2% |
| Russia | 140 | 411 | 494 | 175 | 7.7% |
| France | 157 | 96.8 | 154 | 132 | -5.6% |
| United Kingdom | 184 | 131 | 160 | 129 | -11.2% |
| Finland | 84.7 | 132 | 124 | 117 | 11.4% |
| Latvia | 88.6 | 187 | 92.2 | 115 | 9.1% |
| Norway | 136 | 43.3 | 14.8 | 89.4 | -13.1% |
| Croatia | 37.7 | 81.9 | 67.4 | 86.9 | 32.1% |
| Poland | 213 | 255 | 101 | 83.9 | -26.7% |
| Germany | 63.9 | 127 | 113 | 71.0 | 3.6% |
| Netherlands | 64.1 | 154 | 35.4 | 60.0 | -2.2% |
| Georgia | N/A | N/A | 13.2 | 43.2 | 227.3% |
| Others | 2,008 | 417 | 263 | 241 | -50.7% |
| Total | 3,515 | 2,303 | 1,939 | 1,774 | -20.4% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from Denmark in 2022:
- Norway (157.9 tons)
- Czech Republic (57.5 tons)
- Sweden (47.9 tons)
- Russia (32.9 tons)
- Latvia (28.6 tons)
- Finland (27.6 tons)
- United Kingdom (25.0 tons)
- Poland (21.8 tons)
- Croatia (21.2 tons)
- France (15.7 tons)
- Germany (15.6 tons)
- Netherlands (14.6 tons)
- Georgia (10.8 tons)
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Denmark
In 2022, approx. 345 tons of seed; lucerne (alfalfa) seed, of a kind used for sowings were imported into Denmark; which is down by -36.3% on 2021 figures. Over the period under review, imports faced a dramatic contraction. The smallest decline of -33.4% was in 2021.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings dropped remarkably to $1.3M in 2022. Overall, imports showed a dramatic decrease. The smallest decline of -21.4% was in 2021.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,498 | 1,228 | 1,236 | 617 | -25.6% |
| Italy | 71.2 | 93.1 | 90.8 | 202 | 41.6% |
| Hungary | 68.4 | N/A | 56.0 | 176 | 37.0% |
| Canada | 642 | 830 | 139 | 85.3 | -49.0% |
| Serbia | N/A | N/A | N/A | 79.6 | 0% |
| Netherlands | N/A | 0.6 | 113 | 35.7 | 671.4% |
| Sweden | 3.4 | 177 | 60.3 | 24.2 | 92.4% |
| Czech Republic | 55.3 | 62.6 | 58.1 | 21.3 | -27.2% |
| Others | 2,428 | 109 | 212 | 13.9 | -82.1% |
| Total | 4,767 | 2,501 | 1,966 | 1,255 | -35.9% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Denmark in 2022:
- France (186.0 tons)
- Italy (46.6 tons)
- Hungary (46.2 tons)
- Serbia (21.0 tons)
- Canada (20.1 tons)
- Netherlands (10.1 tons)
- Czech Republic (6.0 tons)
- Sweden (5.1 tons)
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