Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Korea - 2022
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Korea (CIF) - 2022
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Korea (FOB) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Korea
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Korea
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Korea (CIF) - 2022
The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $4,096 per ton in 2022, shrinking by -5.5% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for seed; lucerne (alfalfa) seed, of a kind used for sowings increased by +5.9% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of 48% against the previous year. As a result, import price attained the peak level of $6,029 per ton. From 2016 to 2022, the average 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 ($10,827 per ton), while the price for China ($3,516 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 (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Korea (FOB) - 2022
In 2022, the average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $1,055 per ton, picking up by 20% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 20% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,700 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Egypt.
From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to -16.9% per year.
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas purchases of seed; lucerne (alfalfa) seed, of a kind used for sowings, which increased by 6.6% to 80 tons in 2022. The total import volume increased at an average annual rate of +12.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $326K 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 +13.7% 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 +47.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 40.8 | 77.0 | 90.2 | 98.3 | 34.1% |
| Italy | 48.9 | 33.2 | 52.6 | 45.6 | -2.3% |
| United States | 6.0 | 4.2 | 2.0 | 14.8 | 35.1% |
| Pakistan | 18.0 | 8.8 | 8.3 | 9.0 | -20.6% |
| Others | 108 | 110 | 171 | 159 | 13.8% |
| Total | 222 | 234 | 324 | 326 | 13.7% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to South Korea in 2022:
- China (28.0 tons)
- Italy (9.6 tons)
- Pakistan (2.4 tons)
- United States (1.4 tons)
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Korea
In 2022, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings from South Korea dropped to 1.3 tons, waning by -7.9% on 2021 figures. Over the period under review, exports recorded a drastic downturn. The smallest decline of -7.9% was in 2021.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings rose significantly to $1.4K in 2022. The total export value increased at an average annual rate of +10.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 1.0 | 1.2 | 1.3 | 1.4 | 11.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 1.2 | 1.3 | 1.4 | 11.9% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from South Korea in 2022:
- Egypt (1.3 tons)
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