Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Kuwait - 2022
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Kuwait (CIF) - 2022
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Kuwait (FOB) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Kuwait
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Kuwait
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Kuwait (CIF) - 2022
In 2022, the average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $4,396 per ton, shrinking by -6.8% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for seed; lucerne (alfalfa) seed, of a kind used for sowings increased by +4.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 78% against the previous year. As a result, import price attained the peak level of $5,960 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,825 per ton), while the price for Sudan ($702 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.5%), 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 Kuwait (FOB) - 2022
In 2022, the average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $4,430 per ton, with a decrease of -24.3% against the previous year. Overall, the export price, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2014 an increase of 109% against the previous year. The export price peaked at $10,413 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($9,036 per ton), while the average price for exports to Sudan ($2,324 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 Qatar (+20.9%).
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Kuwait
In 2022, the amount of seed; lucerne (alfalfa) seed, of a kind used for sowings imported into Kuwait dropped sharply to 70 tons, with a decrease of -62.4% on 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 209% against the previous year. As a result, imports attained the peak of 186 tons, and then plummeted in the following year.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings declined sharply to $308K in 2022. In general, imports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 247% against the previous year. As a result, imports attained the peak of $879K, and then dropped markedly in the following year.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 128 | 83.2 | 258 | 67.2 | -19.3% |
| Australia | 18.3 | 8.5 | 80.7 | 53.6 | 43.1% |
| Egypt | 12.0 | 13.5 | 61.8 | 29.9 | 35.6% |
| Turkey | N/A | 9.3 | 10.6 | 14.7 | 25.7% |
| Saudi Arabia | 3.5 | 3.4 | 15.4 | 13.6 | 57.2% |
| Germany | 4.3 | 3.7 | 14.8 | 11.6 | 39.2% |
| Sudan | 23.9 | 7.2 | 19.3 | 8.6 | -28.9% |
| Others | 151 | 124 | 418 | 109 | -10.3% |
| Total | 340 | 253 | 879 | 308 | -3.2% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Kuwait in 2022:
- United States (14.3 tons)
- Sudan (12.3 tons)
- Australia (7.2 tons)
- Egypt (6.4 tons)
- Turkey (2.8 tons)
- Saudi Arabia (2.2 tons)
- Germany (1.5 tons)
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Kuwait
In 2022, shipments abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings decreased by -24.2% to 13 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 168% against the previous year. As a result, the exports attained the peak of 17 tons, and then dropped notably in the following year.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings reduced markedly to $56K in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 366% against the previous year. As a result, the exports reached the peak of $97K, and then plummeted in the following year.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 3.4 | 7.8 | 62.0 | 25.4 | 95.5% |
| Saudi Arabia | 2.9 | 4.4 | 35.0 | 14.2 | 69.8% |
| Sudan | N/A | N/A | N/A | 8.0 | 0% |
| Others | 3.4 | 8.7 | N/A | 8.0 | 33.0% |
| Total | 9.6 | 20.8 | 97.0 | 55.6 | 79.6% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from Kuwait in 2022:
- Sudan (3.4 tons)
- Saudi Arabia (2.9 tons)
- Qatar (2.8 tons)
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