Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the United States - 2024
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the United States (FOB) - 2024
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the United States (CIF) - 2024
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the United States
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the United States
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the United States (FOB) - 2024
In September 2023, the average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $7,098 per ton, picking up by 9.7% against the previous month. Over the period under review, the export price, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in July 2023 when the average export price increased by 16% month-to-month. Over the period under review, the average export prices reached the maximum at $8,464 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Saudi Arabia ($9,168 per ton), while the average price for exports to Egypt ($6,100 per ton) was amongst the lowest.
From May 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the United States (CIF) - 2024
In September 2023, the average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $4,603 per ton, with an increase of 5.9% against the previous month. Over the period from May 2023 to September 2023, it increased at an average monthly rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($5,933 per ton), while the price for Australia ($4,285 per ton) was amongst the lowest.
From May 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the United States
In 2022, the amount of seed; lucerne (alfalfa) seed, of a kind used for sowings exported from the United States dropped slightly to 16K tons, reducing by -4% against 2021 figures. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings rose sharply to $107M in 2022. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 26%.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 21.0 | 23.7 | 26.4 | 40.8 | 24.8% |
| Mexico | 20.4 | 23.8 | 23.6 | 27.9 | 11.0% |
| Algeria | 1.0 | 1.4 | 4.0 | 7.6 | 96.6% |
| Argentina | 3.0 | 2.2 | 6.8 | 5.7 | 23.9% |
| Libya | 2.7 | 2.8 | 3.8 | 5.2 | 24.4% |
| Peru | 1.4 | 4.7 | 3.2 | 3.5 | 35.7% |
| Canada | 5.1 | 5.9 | 9.2 | 3.4 | -12.6% |
| China | 2.1 | 1.6 | 5.0 | 2.5 | 6.0% |
| Egypt | 1.7 | 1.0 | 0.5 | 2.2 | 9.0% |
| Chile | 0.9 | 0.5 | 1.5 | 1.6 | 21.1% |
| United Arab Emirates | 2.6 | 1.7 | 4.6 | 0.1 | -66.2% |
| Others | 74.4 | 6.9 | 7.5 | 6.3 | -56.1% |
| Total | 136 | 76.2 | 96.1 | 107 | -7.7% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from the United States in 2022:
- Saudi Arabia (4.8K tons)
- Mexico (4.7K tons)
- Algeria (1.3K tons)
- Libya (0.9K tons)
- Peru (0.7K tons)
- Argentina (0.7K tons)
- Canada (0.5K tons)
- Egypt (0.4K tons)
- China (0.4K tons)
- Chile (0.3K tons)
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the United States
For the third year in a row, the United States recorded decline in purchases abroad of seed; lucerne (alfalfa) seed, of a kind used for sowings, which decreased by -27.7% to 5.6K tons in 2022. Overall, imports saw a precipitous slump. The smallest decline of -21.6% was in 2021.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings dropped to $27M in 2022. In general, imports continue to indicate a sharp downturn. The smallest decline of -11.9% was in 2021.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 34.3 | 28.4 | 23.7 | 20.0 | -16.5% |
| Australia | 7.1 | 6.9 | 7.2 | 6.4 | -3.4% |
| Italy | 0.9 | 0.4 | 0.5 | 0.6 | -12.6% |
| Others | 42.5 | 0.3 | 0.2 | 0.2 | -83.2% |
| Total | 84.9 | 35.9 | 31.6 | 27.2 | -31.6% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to the United States in 2022:
- Canada (4.2K tons)
- Australia (1.3K tons)
- Italy (0.1K tons)
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