Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hong Kong SAR - 2022
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hong Kong SAR (CIF) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hong Kong SAR
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $13,742 per ton, rising by 3.8% against the previous year. Overall, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2017 an increase of 46%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +13.7% per year.
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in overseas purchases of seed; lucerne (alfalfa) seed, of a kind used for sowings, which increased by 16% to 56 tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings skyrocketed to $769K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 445 | 534 | 640 | 769 | 20.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 445 | 534 | 640 | 769 | 20.0% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Hong Kong SAR in 2022:
- United States (55.9 tons)
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This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
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This report provides an in-depth analysis of the market for tree, flower and other seeds, fruits and spores for sowing in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for tree, flower and other seeds, fruits and spores for sowing.
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