Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Thailand - 2023
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Thailand (CIF) - 2022
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Thailand
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Thailand (CIF) - 2022
In 2022, the average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $8,317 per ton, with a decrease of -30.1% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 62% against the previous year. Over the period under review, average import prices hit record highs at $11,890 per ton in 2021, and then reduced dramatically in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($8,440 per ton), while the price for Italy ($8,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.2%), while the prices for the other major suppliers experienced a decline.
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Thailand
In 2022, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings into Thailand expanded sharply to 1.6 tons, picking up by 6.8% on 2021 figures. In general, imports, however, saw a slight decrease. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings contracted markedly to $13K in 2022. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 125%. As a result, imports attained the peak of $17K, and then shrank notably in the following year.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.8 | 6.9 | 10.9 | 11.6 | 45.1% |
| United States | N/A | 0.7 | N/A | 1.3 | 36.3% |
| Brazil | N/A | N/A | 6.5 | N/A | 0% |
| Others | 4.1 | 0.1 | N/A | 0.1 | -71.0% |
| Total | 8.0 | 7.7 | 17.4 | 13.0 | 17.6% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Thailand in 2022:
- Spain (1400.0 kg)
- United States (150.0 kg)
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