Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Serbia - 2024

Contents:

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

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

In 2022, the average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $3,875 per ton, increasing by 8.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 17%. Over the period under review, the average export prices hit record highs at $4,982 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to North Macedonia ($4,593 per ton) and Bosnia and Herzegovina ($4,563 per ton), while the average price for exports to Slovenia ($3,140 per ton) and France ($3,162 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $6,948 per ton, rising by 29% against the previous year. Over the period under review, the import price saw a resilient increase. The pace of growth was the most pronounced in 2020 an increase of 39%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($7,589 per ton), while the price for Italy stood at $5,774 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings from Serbia surged to 1.8K tons, rising by 32% compared with the previous year's figure. The total export volume increased at an average annual rate of +14.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 $6.8M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.2% 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 +96.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Italy (346.3 tons)
2. Hungary (107.4 tons)
3. Croatia (89.5 tons)
4. Slovenia (73.3 tons)
5. Bosnia and Herzegovina (45.0 tons)
6. France (38.0 tons)
7. Netherlands (37.1 tons)
8. Czech Republic (31.8 tons)
9. Germany (29.3 tons)
10. Belarus (21.8 tons)
11. North Macedonia (14.5 tons)
12. Albania (5.0 tons)

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

In 2022, approx. 2.8 tons of seed; lucerne (alfalfa) seed, of a kind used for sowings were imported into Serbia; which is down by -82.3% against the previous year. In general, imports showed a sharp contraction. The smallest decline of -11.5% was in 2021.

In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings contracted notably to $19K in 2022. Over the period under review, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.

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

1. Italy (1083.0 kg)
2. Germany (450.0 kg)

Source: IndexBox Market Intelligence Platform