Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Luxembourg - 2023

Contents:

  1. Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Luxembourg (CIF) - 2022
  2. Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Luxembourg (FOB) - 2022
  3. Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Luxembourg
  4. Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Luxembourg

Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Luxembourg (CIF) - 2022

The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $4,897 per ton in 2022, which is down by -11.1% against the previous year. Overall, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2016 an increase of 338% against the previous year. Over the period under review, average import prices reached the peak figure at $5,506 per ton in 2021, and then reduced in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($5,546 per ton) and the Netherlands ($5,013 per ton), while the price for France ($4,180 per ton) and Belgium ($4,965 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.2%), 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 Luxembourg (FOB) - 2022

In 2022, the average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $6,060 per ton, growing by 60% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 106%. Over the period under review, the average export prices attained the maximum at $6,425 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($13,310 per ton), while the average price for exports to Belgium ($5,845 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 France (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Luxembourg

In 2022, after two years of decline, there was significant growth in purchases abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings, when their volume increased by 242% to 19 tons. Overall, imports, however, continue to indicate a noticeable reduction.

In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings soared to $91K in 2022. In general, imports enjoyed a significant increase. As a result, imports attained 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 Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/A4.6N/A34.6174.3%
Belgium3.67.610.724.990.5%
France11.514.615.816.813.5%
Germany8.737.33.414.919.6%
Others24.2N/AN/AN/A0%
Total48.064.129.991.123.8%

Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Luxembourg in 2022:

  1. Netherlands (6.9 tons)
  2. Belgium (5.0 tons)
  3. France (4.0 tons)
  4. Germany (2.7 tons)

Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Luxembourg

In 2022, approx. 2.2 tons of seed; lucerne (alfalfa) seed, of a kind used for sowings were exported from Luxembourg; which is down by -72.3% on the year before. Over the period under review, exports faced a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 85% against the previous year.

In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings declined rapidly to $14K in 2022. Overall, exports continue to indicate a sharp downturn. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year.

Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium12.320.614.710.8-4.2%
Germany14.71.515.62.0-48.6%
France4.62.00.40.8-44.2%
Others31.6N/AN/AN/A0%
Total63.124.130.713.6-40.0%

Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from Luxembourg in 2022:

  1. Belgium (1856.0 kg)
  2. Germany (330.0 kg)
  3. France (58.0 kg)

Source: IndexBox Market Intelligence Platform

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