Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hungary - 2023
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hungary (CIF) - 2022
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hungary (FOB) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hungary
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hungary
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hungary (CIF) - 2022
The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $4,375 per ton in 2022, rising by 25% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. Over the period under review, average import prices hit record highs at $4,729 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Austria ($5,183 per ton), while the price for Slovakia ($2,620 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+4.1%), 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 Hungary (FOB) - 2022
In 2022, the average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $3,127 per ton, dropping by -12.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2013 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs at $3,922 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($5,059 per ton), while the average price for exports to France ($2,335 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 Slovenia (+1.4%), 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 Hungary
In 2022, approx. 1.8K tons of seed; lucerne (alfalfa) seed, of a kind used for sowings were imported into Hungary; increasing by 152% compared with 2021. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 271%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings surged to $8M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 331%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 117 | 318 | 2,146 | 4,761 | 244.0% |
| Romania | N/A | 13.1 | N/A | 1,313 | 901.1% |
| Germany | 70.1 | 64.1 | 45.6 | 1,117 | 151.6% |
| Serbia | N/A | N/A | N/A | 451 | 0% |
| France | 154 | 74.8 | 124 | 83.3 | -18.5% |
| Slovakia | 15.4 | 69.3 | 194 | 68.1 | 64.1% |
| Czech Republic | 176 | 42.7 | N/A | 25.8 | -47.3% |
| Others | 545 | 2.7 | 9.5 | 140 | -36.4% |
| Total | 1,077 | 585 | 2,519 | 7,959 | 94.8% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Hungary in 2022:
- Italy (1113.8 tons)
- Romania (296.3 tons)
- Germany (222.5 tons)
- Serbia (107.4 tons)
- Slovakia (26.0 tons)
- France (23.1 tons)
- Czech Republic (4.0 tons)
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hungary
In 2022, approx. 267 tons of seed; lucerne (alfalfa) seed, of a kind used for sowings were exported from Hungary; falling by -17% on the previous year. Over the period under review, exports saw a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 27%.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings fell remarkably to $833K in 2022. Overall, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 53%.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 805 | 333 | 204 | 323 | -26.2% |
| Slovakia | 165 | 84.3 | 275 | 173 | 1.6% |
| France | 96.1 | N/A | 133 | 122 | 8.3% |
| Slovenia | 225 | 123 | 63.9 | 67.1 | -33.2% |
| Poland | 162 | N/A | 42.6 | 65.6 | -26.0% |
| Czech Republic | 219 | 79.3 | 124 | 39.3 | -43.6% |
| Italy | 448 | 56.7 | 179 | 21.3 | -63.8% |
| Turkey | 195 | N/A | N/A | N/A | 0% |
| Others | 2,859 | 76.3 | 132 | 21.8 | -80.3% |
| Total | 5,176 | 753 | 1,153 | 833 | -45.6% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from Hungary in 2022:
- Germany (111.4 tons)
- France (52.2 tons)
- Slovakia (34.3 tons)
- Poland (22.9 tons)
- Slovenia (22.9 tons)
- Czech Republic (12.7 tons)
- Italy (6.0 tons)
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