Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in New Zealand - 2024
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in New Zealand (CIF) - 2022
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in New Zealand (FOB) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in New Zealand
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in New Zealand
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in New Zealand (CIF) - 2022
In 2022, the average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $7,038 per ton, growing by 8.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the peak figure at $7,165 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($7,897 per ton) and Italy ($6,721 per ton), while the price for France ($5,700 per ton) and Australia ($6,573 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), 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 New Zealand (FOB) - 2022
The average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $4,238 per ton in 2022, falling by -56.3% against the previous year. Overall, the export price continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2017 an increase of 172% against the previous year. As a result, the export price reached the peak level of $10,537 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +14.1% per year.
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in New Zealand
Imports of seed; lucerne (alfalfa) seed, of a kind used for sowings into New Zealand surged to 443 tons in 2022, jumping by 48% compared with the previous year. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +11.4% 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 +63.4% against 2020 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 $3.1M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +75.7% against 2020 indices. 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 New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 479 | 374 | 451 | 710 | 14.0% |
| United States | 361 | 304 | 257 | 398 | 3.3% |
| Italy | 293 | 202 | 209 | 376 | 8.7% |
| France | 2.2 | 6.7 | 15.6 | 38.9 | 160.5% |
| Others | 1,135 | 887 | 1,005 | 1,594 | 12.0% |
| Total | 2,271 | 1,774 | 1,938 | 3,117 | 11.1% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to New Zealand in 2022:
- Australia (108.0 tons)
- Italy (56.0 tons)
- United States (50.4 tons)
- France (6.8 tons)
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in New Zealand
In 2022, the amount of seed; lucerne (alfalfa) seed, of a kind used for sowings exported from New Zealand surged to 11 tons, picking up by 822% against 2021 figures. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 267,450% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings soared to $45K in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 150,440% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 0.1 | N/A | 22.5 | 1400.0% |
| Italy | N/A | 14.8 | N/A | N/A | 0% |
| Philippines | N/A | N/A | 5.5 | N/A | 0% |
| Others | N/A | 15.2 | 5.6 | 22.5 | 21.7% |
| Total | N/A | 30.1 | 11.1 | 44.9 | 22.1% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from New Zealand in 2022:
- France (5.3 tons)
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