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

Contents:

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

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

In 2022, the average import price for seed; vegetable seed, of a kind used for sowings amounted to $37,233 per ton, growing by 17% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 50%. Over the period under review, average import prices attained the maximum at $60,926 per ton in 2014; however, from 2015 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 Spain ($72,409 per ton), while the price for Italy ($6,608 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for seed; vegetable seed, of a kind used for sowings amounted to $2,839 per ton, dropping by -23.8% against the previous year. Overall, the export price faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 32%. Over the period under review, the average export prices reached the maximum at $37,696 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($33,270 per ton), while the average price for exports to France ($1,599 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+28.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of seed; vegetable seed, of a kind used for sowings, when their volume decreased by -30.5% to 849 tons. Overall, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 54%. As a result, imports reached the peak of 1.2K tons, and then declined rapidly in the following year.

In value terms, imports of seed; vegetable seed, of a kind used for sowings dropped significantly to $32M in 2022. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 9.2% against the previous year. As a result, imports reached the peak of $39M, and then shrank significantly in the following year.

Import of Seed; Vegetable Seed, of A Kind Used for Sowing in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain25.724.327.122.2-4.8%
Netherlands5.25.34.93.5-12.4%
Italy2.01.82.12.00.0%
India0.10.50.61.2128.9%
France1.11.12.30.8-10.1%
Germany0.60.30.30.75.3%
MoroccoN/AN/AN/AN/A0%
Others4.12.21.41.3-31.8%
Total38.835.538.831.6-6.6%

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

  1. Spain (307.1 tons)
  2. Italy (295.2 tons)
  3. Netherlands (90.9 tons)
  4. France (65.9 tons)
  5. Germany (44.5 tons)
  6. India (19.2 tons)

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

In 2022, exports of seed; vegetable seed, of a kind used for sowings from Portugal skyrocketed to 2.3K tons, picking up by 32% against the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern.

In value terms, exports of seed; vegetable seed, of a kind used for sowings reached $6.6M in 2022. Overall, exports, however, continue to indicate a deep downturn.

Export of Seed; Vegetable Seed, of A Kind Used for Sowing in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France4.93.22.43.4-11.5%
Angola1.91.71.61.3-11.9%
Spain0.50.60.60.50.0%
GermanyN/A0.20.70.441.4%
Others1.42.41.11.0-10.6%
Total8.78.16.56.6-8.8%

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

  1. France (2124.2 tons)
  2. Spain (53.8 tons)
  3. Germany (52.7 tons)
  4. Angola (38.1 tons)

Source: IndexBox Market Intelligence Platform

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