Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Belgium - 2023

Contents:

  1. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Belgium (CIF) - 2022
  2. Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Belgium (FOB) - 2023
  3. Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Belgium
  4. Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Belgium

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Belgium (CIF) - 2022

In 2022, the average import price for seed; vegetable seed, of a kind used for sowings amounted to $7,661 per ton, which is down by -18.8% against the previous year. Overall, the import price recorded a pronounced contraction. The pace of growth appeared the most rapid in 2019 an increase of 36% against the previous year. The import price peaked at $13,088 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($10,474 per ton), while the price for Germany ($2,209 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.2%), while the prices for the other major suppliers experienced a decline.

Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Belgium (FOB) - 2023

In October 2023, the average export price for seed; vegetable seed, of a kind used for sowings amounted to $2,270 per ton, declining by -83.3% against the previous month. In general, the export price showed a deep downturn. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 376% against the previous month. The export price peaked at $45,682 per ton in February 2023; however, from March 2023 to October 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From October 2022 to October 2023, the rate of growth in terms of prices for France amounted to +9.6% per month.

Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Belgium

In 2022, supplies from abroad of seed; vegetable seed, of a kind used for sowings decreased by -14.4% to 4.4K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. As a result, imports reached the peak of 6.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of seed; vegetable seed, of a kind used for sowings contracted sharply to $34M in 2022. Over the period under review, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year.

Import of Seed; Vegetable Seed, of A Kind Used for Sowing in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands33.738.441.127.9-6.1%
France2.64.64.13.914.5%
Germany1.32.01.71.30.0%
Others1.41.81.60.6-24.6%
Total38.946.948.533.7-4.7%

Top Suppliers of Seed; Vegetable Seed, of A Kind Used for Sowing to Belgium in 2022:

  1. Netherlands (2.7K tons)
  2. France (1.0K tons)
  3. Germany (0.6K tons)

Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Belgium

Exports of seed; vegetable seed, of a kind used for sowings from Belgium shrank notably to 927 tons in 2022, reducing by -18.2% compared with the year before. Overall, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when exports increased by 20%. As a result, the exports reached the peak of 1.1K tons, and then reduced sharply in the following year.

In value terms, exports of seed; vegetable seed, of a kind used for sowings stood at $5.5M in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 167% against the previous year. As a result, the exports reached the peak of $5.7M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Seed; Vegetable Seed, of A Kind Used for Sowing in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France1,1521,0381,5661,4688.4%
Netherlands6731,4791,22595012.2%
Cameroon1151,4651,63789398.0%
Germany75.720725523345.5%
United Kingdom4.827.413981.6157.1%
AlgeriaN/AN/AN/A59.40%
Others1291,5245541,789140.3%
Total2,1505,7405,3775,47436.5%

Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from Belgium in 2022:

  1. France (644.0 tons)
  2. Netherlands (156.0 tons)
  3. United Kingdom (35.3 tons)
  4. Algeria (23.4 tons)
  5. Cameroon (22.9 tons)
  6. Germany (15.9 tons)

Source: IndexBox Market Intelligence Platform

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