Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Turkey - 2024
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Turkey (FOB) - 2024
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Turkey (CIF) - 2024
- Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Turkey
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Turkey
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Turkey (FOB) - 2024
The average export price for seed; lucerne (alfalfa) seed, of a kind used for sowings stood at $1,939 per ton in July 2023, waning by -45.4% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 37% against the previous month. Over the period under review, the average export prices reached the maximum at $3,553 per ton in June 2023, and then contracted markedly in the following month.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Azerbaijan ($2,950 per ton), while the average price for exports to Uzbekistan ($1,628 per ton) was amongst the lowest.
From March 2023 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+16.5%), 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 Turkey (CIF) - 2024
In July 2023, the average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $5,884 per ton, surging by 9.4% against the previous month. Over the period from March 2023 to July 2023, it increased at an average monthly rate of +3.4%. Over the period under review, average import prices reached the maximum at $5,950 per ton in May 2023; afterwards, it flattened through to July 2023.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($6,262 per ton), while the price for Greece amounted to $4,840 per ton.
From March 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Turkey
In 2022, approx. 1.9K tons of seed; lucerne (alfalfa) seed, of a kind used for sowings were exported from Turkey; picking up by 49% on 2021 figures. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 176%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of seed; lucerne (alfalfa) seed, of a kind used for sowings surged to $5.4M in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 137% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | N/A | 57.9 | 378 | 569 | 213.5% |
| Saudi Arabia | 300 | 237 | N/A | 361 | 6.4% |
| Romania | N/A | 82.4 | 544 | 283 | 85.3% |
| Iraq | 64.8 | 24.2 | 85.2 | 280 | 62.9% |
| Syrian Arab Republic | N/A | 14.2 | 211 | 249 | 318.8% |
| Kazakhstan | N/A | 2.6 | 72.6 | 219 | 817.8% |
| Italy | N/A | N/A | N/A | 176 | 0% |
| Georgia | 80.1 | 52.7 | 191 | 138 | 19.9% |
| Uzbekistan | 6.8 | N/A | N/A | 126 | 164.6% |
| Azerbaijan | 68.4 | 155 | 169 | 93.6 | 11.0% |
| Sudan | N/A | 94.6 | 72.5 | 71.0 | -13.4% |
| Others | 581 | 934 | 2,200 | 2,834 | 69.6% |
| Total | 1,101 | 1,655 | 3,924 | 5,401 | 69.9% |
Top Export Markets for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing from Turkey in 2022:
- Greece (161.8 tons)
- Syrian Arab Republic (126.6 tons)
- Saudi Arabia (97.5 tons)
- Uzbekistan (93.7 tons)
- Kazakhstan (93.0 tons)
- Iraq (89.6 tons)
- Romania (69.5 tons)
- Sudan (63.0 tons)
- Georgia (52.5 tons)
- Italy (48.0 tons)
- Azerbaijan (29.9 tons)
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Turkey
In 2022, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings into Turkey declined markedly to 681 tons, which is down by -73.7% against the year before. Over the period under review, imports faced a sharp slump. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings shrank notably to $3M in 2022. In general, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 33%.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4,577 | 2,106 | 3,166 | 1,010 | -39.6% |
| Greece | 587 | 409 | 469 | 352 | -15.7% |
| Croatia | 404 | 190 | 173 | 92.4 | -38.8% |
| Jordan | N/A | N/A | N/A | 39.6 | 0% |
| Romania | 211 | 193 | N/A | 0.3 | -88.8% |
| France | 241 | 170 | 114 | N/A | -31.2% |
| Hungary | 204 | N/A | N/A | N/A | 0% |
| Canada | 852 | 463 | 553 | N/A | -19.4% |
| Others | 7,173 | 3,532 | 4,943 | 1,495 | -40.7% |
| Total | 14,249 | 7,063 | 9,418 | 2,989 | -40.6% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Turkey in 2022:
- Italy (217.0 tons)
- Greece (93.3 tons)
- Croatia (20.0 tons)
- Jordan (10.0 tons)
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