Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Portugal - 2024
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Portugal (CIF) - 2024
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Portugal (FOB) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Portugal
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Portugal
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Portugal (CIF) - 2024
The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $292 per ton in September 2023, reducing by -40% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 2,004% month-to-month. As a result, import price reached the peak level of $5,869 per ton. From May 2023 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From March 2023 to September 2023, the rate of growth in terms of prices for Spain amounted to +1.6% per month.
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Portugal (FOB) - 2022
The average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $3,698 per ton in 2022, dropping by -52.1% against the previous year. Over the period under review, the export price, however, saw a strong increase. The pace of growth appeared the most rapid in 2019 an increase of 352%. The export price peaked at $7,724 per ton in 2021, and then dropped rapidly in the following year.
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 Angola ($6,594 per ton), while the average price for exports to Cabo Verde ($954 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 Cabo Verde (+10.8%), 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 Portugal
Imports of seed; lucerne (alfalfa) seed, of a kind used for sowings into Portugal surged to 870 tons in 2022, with an increase of 394% on the previous year's figure. Over the period under review, imports saw a significant expansion. As a result, imports attained 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 surged to $425K in 2022. Overall, imports saw a resilient 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 Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 122 | 151 | 76.4 | 365 | 44.1% |
| Italy | 5.0 | 41.7 | 44.7 | 46.4 | 110.1% |
| Others | 191 | 20.4 | 103 | 13.0 | -59.2% |
| Total | 318 | 213 | 224 | 425 | 10.2% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Portugal in 2022:
- Spain (855.5 tons)
- Italy (11.9 tons)
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Portugal
In 2022, after three years of growth, there was significant decline in overseas shipments of seed; lucerne (alfalfa) seed, of a kind used for sowings, when their volume decreased by -31.3% to 12 tons. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, the exports reached the peak of 17 tons, and then declined markedly in the following year.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings declined significantly to $43K in 2022. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 94%. As a result, the exports reached the peak of $131K, and then declined notably in the following year.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 23.2 | 23.3 | 130 | 41.5 | 21.4% |
| Cabo Verde | N/A | N/A | N/A | 1.5 | 0% |
| Angola | 7.4 | 5.3 | 1.4 | 0.2 | -70.0% |
| France | 0.2 | 39.1 | N/A | N/A | 19450.0% |
| Others | 30.7 | N/A | N/A | N/A | 0% |
| Total | 61.5 | 67.8 | 131 | 43.2 | -11.1% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from Portugal in 2022:
- Spain (10.1 tons)
- Cabo Verde (1.6 tons)
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