Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Indonesia - 2022
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Indonesia (CIF) - 2022
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Indonesia (FOB) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Indonesia
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Indonesia
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Indonesia (CIF) - 2022
In 2022, the average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $3,517 per ton, with a decrease of -2.6% against the previous year. In general, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 62%. As a result, import price reached the peak level of $10,756 per ton. From 2019 to 2022, the average 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 Taiwan (Chinese) ($93,905 per ton), while the price for Australia ($1,922 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Indonesia (FOB) - 2022
The average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $5,231 per ton in 2021, with an increase of 36% against the previous year. Overall, the export price, however, recorded a sharp decline. Over the period under review, the average export prices reached the maximum at $45,500 per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Timor-Leste.
From 2016 to 2021, the rate of growth in terms of prices for Timor-Leste amounted to +24.4% per year.
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Indonesia
For the fourth year in a row, Indonesia recorded growth in purchases abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings, which increased by 7.1% to 1.2 tons in 2022. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 7.2% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings expanded slightly to $4.3K in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.2 | 1.9 | 2.1 | 2.3 | 24.2% |
| Taiwan (Chinese) | 1.4 | 2.0 | 2.0 | 2.0 | 12.6% |
| Others | 1.3 | 0.1 | 0.1 | N/A | -72.3% |
| Total | 3.8 | 4.0 | 4.2 | 4.3 | 4.2% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Indonesia in 2022:
- Australia (1212.0 kg)
- Taiwan (Chinese) (21.0 kg)
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Indonesia
In 2021, approx. 13 kg of seed; lucerne (alfalfa) seed, of a kind used for sowings were exported from Indonesia; with an increase of 117% compared with the previous year's figure. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings skyrocketed to $68 in 2021. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Indonesia (USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| Timor-Leste | 23.0 | 62.0 | 169.6% |
| Others | N/A | 6.0 | 0% |
| Total | 23.0 | 68.0 | 195.7% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from Indonesia in 2022:
- Timor-Leste (13.0 kg)
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