Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Russia - 2022

Contents:

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

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

The average import price for seed; vegetable seed, of a kind used for sowings stood at $69,880 per ton in 2022, falling by -24.1% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure at $96,427 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($224,091 per ton), while the price for Lithuania ($12,007 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+54.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for seed; vegetable seed, of a kind used for sowings amounted to $24,765 per ton, surging by 21% against the previous year. Over the period under review, the export price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2021 an increase of 83%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($201,564 per ton), while the average price for exports to Azerbaijan ($3,240 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 Kazakhstan (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, Russia recorded growth in purchases abroad of seed; vegetable seed, of a kind used for sowings, which increased by 76% to 4.3K tons in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of seed; vegetable seed, of a kind used for sowings skyrocketed to $297M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Lithuania (2835.4 tons)
2. Netherlands (407.4 tons)
3. Poland (180.5 tons)
4. France (44.0 tons)
5. Italy (37.8 tons)

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

In 2022, overseas shipments of seed; vegetable seed, of a kind used for sowings decreased by -58.6% to 91 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a precipitous slump. The pace of growth was the most pronounced in 2020 when exports increased by 71% against the previous year. As a result, the exports reached the peak of 305 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of seed; vegetable seed, of a kind used for sowings contracted sharply to $2.2M in 2022. In general, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of $4.5M, and then dropped notably in the following year.

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

1. Kazakhstan (54.5 tons)
2. Azerbaijan (16.9 tons)
3. Spain (9.1 tons)
4. Canada (2.4 tons)
5. Netherlands (1.6 tons)

Source: IndexBox Market Intelligence Platform