Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Africa - 2024
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Africa (CIF) - 2022
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Africa (FOB) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Africa
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Africa
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Africa (CIF) - 2022
In 2022, the average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $5,628 per ton, rising by 14% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The pace of growth was the most pronounced in 2021 an increase of 25% against the previous year. The import price peaked at $7,564 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 ($6,033 per ton) and Australia ($5,920 per ton), while the price for Uruguay ($4,353 per ton) and Italy ($5,002 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+17.6%), 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 South Africa (FOB) - 2022
The average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $12,552 per ton in 2022, rising by 18% against the previous year. Overall, the export price recorded significant growth. The most prominent rate of growth was recorded in 2021 an increase of 245% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($8,083 per ton), while the average price for exports to Botswana ($530 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 Morocco (+1,617.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Africa
In 2022, purchases abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings decreased by -29.9% to 1.7K tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 161% against the previous year. As a result, imports attained the peak of 2.6K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings declined dramatically to $9.4M in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 130% against the previous year.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.9 | 4.5 | 3.8 | 3.5 | 22.6% |
| Uruguay | N/A | 0.2 | 0.9 | 0.6 | 73.2% |
| United States | 0.2 | 0.3 | 1.0 | 0.4 | 26.0% |
| Italy | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Others | 2.3 | 5.3 | 6.0 | 4.7 | 26.9% |
| Total | 4.6 | 10.5 | 11.7 | 9.4 | 26.9% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to South Africa in 2022:
- Australia (598.2 tons)
- Uruguay (138.4 tons)
- United States (60.2 tons)
- Italy (35.0 tons)
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Africa
For the third consecutive year, South Africa recorded decline in shipments abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings, which decreased by -31.1% to 179 tons in 2022. Overall, exports saw a sharp decrease. The smallest decline of -21.3% was in 2020.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings contracted dramatically to $2.3M in 2022. In general, exports faced a precipitous shrinkage.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | N/A | 899 | 569 | -36.7% |
| Iraq | N/A | N/A | N/A | 233 | 0% |
| Zimbabwe | 22.6 | 94.5 | 5.6 | 106 | 67.4% |
| Mozambique | 7.3 | 0.3 | N/A | 88.4 | 129.6% |
| Namibia | 194 | 169 | 72.4 | 60.4 | -32.2% |
| Botswana | 32.9 | 30.8 | 31.1 | 8.7 | -35.8% |
| China | 4,511 | 2,655 | 288 | N/A | -74.7% |
| Lesotho | 89.0 | 55.6 | 2.2 | N/A | -84.3% |
| Malaysia | N/A | 47.8 | N/A | N/A | 0% |
| Others | 5,097 | 3,873 | 1,471 | 1,187 | -38.5% |
| Total | 9,953 | 6,925 | 2,770 | 2,253 | -39.1% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from South Africa in 2022:
- Saudi Arabia (88.7 tons)
- Iraq (30.3 tons)
- Botswana (16.4 tons)
- Zimbabwe (15.7 tons)
- Mozambique (10.9 tons)
- Namibia (9.3 tons)
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