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

Contents:

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

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

The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $7,575 per ton in 2022, growing by 58% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. Over the period under review, average import prices hit record highs at $9,913 per ton in 2012; however, from 2013 to 2022, 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 the United States ($19,000 per ton), while the price for Australia ($6,857 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced a decline.

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

The average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $2,800 per ton in 2021, jumping by 120% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Seychelles.

From 2013 to 2021, the rate of growth in terms of prices for Denmark amounted to 0.0% per year.

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

In 2022, supplies from abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings decreased by -89.1% to 40 kg, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2020 with an increase of 26%. As a result, imports attained the peak of 696 kg. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings contracted sharply to $303 in 2022. Over the period under review, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2020 when imports increased by 19%. As a result, imports attained the peak of $3.2K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Singapore (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia1,2271,1471,467240-42.0%
Taiwan (Chinese)20.084.018344.030.1%
United States93.088.011419.0-41.1%
NetherlandsN/A1,906N/AN/A0%
Italy680N/AN/AN/A0%
Others680N/AN/AN/A0%
Total2,7003,2251,764303-51.8%

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

  1. Australia (35.0 kg)
  2. Taiwan (Chinese) (4.0 kg)
  3. United States (1.0 kg)

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

In 2021, approx. 40 kg of seed; lucerne (alfalfa) seed, of a kind used for sowings were exported from Singapore; declining by -88.1% against the previous year's figure. In general, exports recorded a dramatic setback.

In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings shrank dramatically to $112 in 2021. Over the period under review, exports faced a dramatic decline.

Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Singapore (USD)
COUNTRY20202021CAGR,
2020-2021
SeychellesN/A1120%
Denmark427N/A0%
OthersN/AN/A0%
Total427112-73.8%

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

  1. Seychelles (40.0 kg)

Source: IndexBox Market Intelligence Platform

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