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

Contents:

  1. Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the Dominican Republic (CIF) - 2022
  2. Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the Dominican Republic

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

The average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $3,590 per ton in 2022, surging by 58% against the previous year. In general, the import price continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 118% against the previous year. As a result, import price attained the peak level of $8,081 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($4,911 per ton), while the price for the United States stood at $3,581 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+7.2%).

Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the Dominican Republic

In 2022, the amount of seed; lucerne (alfalfa) seed, of a kind used for sowings imported into the Dominican Republic soared to 24 tons, jumping by 181% on 2021 figures. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings surged to $85K in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the Dominican Republic (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States12.220.018.383.890.1%
Others13.221.40.80.8-60.7%
Total25.441.419.184.649.3%

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

  1. United States (23.4 tons)

Source: IndexBox Market Intelligence Platform

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