Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Thailand - 2024
Contents:
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Thailand (FOB) - 2022
- Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Thailand (CIF) - 2022
- Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Thailand
- Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Thailand
Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Thailand (FOB) - 2022
In 2022, the average export price for seed; vegetable seed, of a kind used for sowings amounted to $23,595 per ton, reducing by -11.9% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 an increase of 20% against the previous year. Over the period under review, the average export prices attained the peak figure at $45,723 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
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 United States ($254,134 per ton), while the average price for exports to Cambodia ($5,577 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 Japan (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Seed; Vegetable Seed, of A Kind Used for Sowing in Thailand (CIF) - 2022
In 2022, the average import price for seed; vegetable seed, of a kind used for sowings amounted to $15,207 per ton, waning by -6.1% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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; vegetable seed, of a kind used for sowings decreased by -24.8% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 42%. As a result, import price attained the peak level of $20,214 per ton. From 2020 to 2022, the average 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 India ($53,539 per ton), while the price for New Zealand ($3,903 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Seed; Vegetable Seed, of A Kind Used for Sowing in Thailand
For the fourth year in a row, Thailand recorded growth in overseas shipments of seed; vegetable seed, of a kind used for sowings, which increased by 16% to 4.9K tons in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of seed; vegetable seed, of a kind used for sowings rose slightly to $115M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 4.6% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Seed; Vegetable Seed, of A Kind Used for Sowing in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 20.2 | 16.9 | 14.1 | 18.8 | -2.4% |
| China | 11.2 | 13.6 | 16.6 | 18.5 | 18.2% |
| Philippines | 5.6 | 7.3 | 5.5 | 7.4 | 9.7% |
| India | 7.0 | 7.8 | 7.2 | 7.2 | 0.9% |
| Vietnam | 5.3 | 5.5 | 5.7 | 5.8 | 3.1% |
| Japan | 6.6 | 4.2 | 4.0 | 5.4 | -6.5% |
| Myanmar | 3.7 | 3.5 | 4.3 | 4.0 | 2.6% |
| Cambodia | 1.6 | 2.3 | 2.0 | 4.0 | 35.7% |
| Sri Lanka | 4.4 | 4.6 | 3.6 | 3.2 | -10.1% |
| Malaysia | 3.6 | 2.3 | 2.6 | 2.7 | -9.1% |
| Others | 37.3 | 39.8 | 47.3 | 37.7 | 0.4% |
| Total | 106 | 108 | 113 | 115 | 2.8% |
Top Export Markets for Seed; Vegetable Seed, of A Kind Used for Sowing from Thailand in 2022:
- China (1802.0 tons)
- Cambodia (715.1 tons)
- Philippines (567.8 tons)
- Vietnam (390.8 tons)
- Malaysia (324.6 tons)
- Myanmar (323.0 tons)
- India (106.4 tons)
- Japan (81.1 tons)
- Netherlands (58.2 tons)
- Sri Lanka (37.4 tons)
Imports of Seed; Vegetable Seed, of A Kind Used for Sowing in Thailand
In 2022, the amount of seed; vegetable seed, of a kind used for sowings imported into Thailand rose markedly to 1.6K tons, surging by 6.2% against 2021 figures. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +55.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 39% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of seed; vegetable seed, of a kind used for sowings contracted to $24M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18%. As a result, imports attained the peak of $24M, leveling off in the following year.
| Import of Seed; Vegetable Seed, of A Kind Used for Sowing in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.0 | 3.5 | 5.7 | 5.8 | 5.1% |
| New Zealand | 1.7 | 3.3 | 2.8 | 3.0 | 20.8% |
| China | 2.8 | 3.2 | 3.8 | 2.9 | 1.2% |
| Italy | 0.6 | 0.9 | 1.3 | 1.5 | 35.7% |
| Mexico | N/A | 0.1 | 0.1 | 1.0 | 216.2% |
| United States | 1.4 | 0.9 | 1.2 | 1.0 | -10.6% |
| Vietnam | 0.2 | 0.1 | 0.4 | 0.3 | 14.5% |
| Others | 9.0 | 8.4 | 8.8 | 8.7 | -1.1% |
| Total | 20.6 | 20.4 | 24.1 | 24.0 | 5.2% |
Top Suppliers of Seed; Vegetable Seed, of A Kind Used for Sowing to Thailand in 2022:
- New Zealand (767.9 tons)
- Italy (258.6 tons)
- China (143.9 tons)
- United States (118.7 tons)
- India (107.6 tons)
- Mexico (38.3 tons)
- Vietnam (27.3 tons)
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