Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Belarus - 2022

Contents:

  1. Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Belarus (CIF) - 2022
  2. Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Belarus (FOB) - 2022
  3. Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Belarus
  4. Exports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Belarus

Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Belarus (CIF) - 2022

The average import price for seed; sugar beet seed, of a kind used for sowing stood at $72,424 per ton in 2022, increasing by 53% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.4% 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; sugar beet seed, of a kind used for sowing increased by +112.2% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($106,659 per ton), while the price for Lithuania ($30,594 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seed; Sugar Beet Seed, of A Kind Used for Sowing in Belarus (FOB) - 2022

The average export price for seed; sugar beet seed, of a kind used for sowing stood at $25,040 per ton in 2022, surging by 5.8% against the previous year. Overall, the export price posted a pronounced increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 45%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($26,231 per ton), while the average price for exports to Russia amounted to $19,793 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+23.7%).

Imports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Belarus

In 2022, imports of seed; sugar beet seed, of a kind used for sowing into Belarus rose rapidly to 361 tons, picking up by 11% against 2021. In general, imports, however, showed a relatively flat trend pattern.

In value terms, imports of seed; sugar beet seed, of a kind used for sowing skyrocketed to $26M in 2022. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Belarus (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.64.65.39.426.9%
France0.81.31.31.214.5%
Italy1.40.40.60.7-20.6%
Belgium0.80.50.70.6-9.1%
Denmark0.20.30.40.426.0%
Poland0.30.10.10.1-30.7%
Lithuania0.10.2N/A0.10.0%
RussiaN/AN/A0.10.10.0%
Others6.45.76.913.528.2%
Total14.613.115.526.221.5%

Top Suppliers of Seed; Sugar Beet Seed, of A Kind Used for Sowing to Belarus in 2022:

  1. Germany (88.6 tons)
  2. France (30.7 tons)
  3. Italy (18.0 tons)
  4. Belgium (13.3 tons)
  5. Denmark (8.2 tons)
  6. Lithuania (3.1 tons)
  7. Russia (3.0 tons)
  8. Poland (2.4 tons)

Exports of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Belarus

In 2022, shipments abroad of seed; sugar beet seed, of a kind used for sowing decreased by -33.4% to 1.9 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 69% against the previous year.

In value terms, exports of seed; sugar beet seed, of a kind used for sowing contracted remarkably to $47K in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 144%. As a result, the exports reached the peak of $67K, and then shrank significantly in the following year.

Export of Seed; Sugar Beet Seed, of A Kind Used for Sowing in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Serbia14.322.845.040.241.1%
Russia3.84.721.97.022.6%
OthersN/AN/A0.1N/A0%
Total18.127.567.047.337.7%

Top Export Markets for Seed; Sugar Beet Seed, of A Kind Used for Sowing from Belarus in 2022:

  1. Serbia (1534.0 kg)
  2. Russia (352.0 kg)

Source: IndexBox Market Intelligence Platform

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