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

Contents:

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

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

The average import price for seed; vegetable seed, of a kind used for sowings stood at $33,477 per ton in 2022, which is down by -4.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum at $35,213 per ton in 2021, and then contracted modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($33,442 per ton) and New Zealand ($33,442 per ton), while the price for Hong Kong SAR ($33,439 per ton) and Chile ($33,441 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.6%), 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 Vietnam (FOB) - 2022

The average export price for seed; vegetable seed, of a kind used for sowings stood at $24,325 per ton in 2022, with a decrease of -9.3% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 51% against the previous year. The export price peaked at $37,754 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($24,382 per ton) and France ($24,366 per ton), while the average price for exports to Malaysia ($23,931 per ton) and China ($24,173 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+5.8%), 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 Vietnam

In 2022, approx. 697 tons of seed; vegetable seed, of a kind used for sowings were imported into Vietnam; picking up by 8.7% on the previous year. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 11% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of seed; vegetable seed, of a kind used for sowings stood at $23M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Seed; Vegetable Seed, of A Kind Used for Sowing in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand4.45.24.53.6-6.5%
Japan2.13.13.12.911.4%
New Zealand1.42.72.52.724.5%
China2.42.32.82.51.4%
Italy1.82.11.92.26.9%
United States1.31.21.02.219.2%
India1.12.02.11.715.6%
Chile1.30.81.21.42.5%
Hong Kong SAR0.50.40.40.4-7.2%
Others2.13.02.93.821.9%
Total18.322.622.623.38.4%

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

  1. Thailand (108.1 tons)
  2. Japan (86.3 tons)
  3. New Zealand (79.4 tons)
  4. China (76.2 tons)
  5. United States (67.1 tons)
  6. Italy (67.0 tons)
  7. India (49.4 tons)
  8. Chile (40.6 tons)
  9. Hong Kong SAR (11.0 tons)

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

In 2022, the amount of seed; vegetable seed, of a kind used for sowings exported from Vietnam surged to 392 tons, jumping by 106% on the previous year's figure. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of seed; vegetable seed, of a kind used for sowings skyrocketed to $9.5M in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Seed; Vegetable Seed, of A Kind Used for Sowing in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands8056276594,39176.0%
France21.31334861,267290.4%
Senegal1242765701,073105.3%
Thailand78.717442239971.8%
Cote d'Ivoire11916321834442.5%
Cameroon19.2142322336159.6%
Japan17211.149.32239.0%
South Korea1.00.619.7221504.6%
Sri Lanka277339203158-17.1%
Pakistan13.9767927147119.5%
Philippines278193124138-20.8%
Taiwan (Chinese)20225.564.4129-13.9%
India23129717286.7-27.9%
Others7551,371862627-6.0%
Total3,0964,5205,1009,53945.5%

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

  1. Netherlands (180.1 tons)
  2. France (52.0 tons)
  3. Senegal (44.0 tons)
  4. Thailand (16.4 tons)
  5. Cote d'Ivoire (14.1 tons)
  6. Cameroon (13.8 tons)
  7. Japan (9.2 tons)
  8. South Korea (9.1 tons)
  9. Sri Lanka (6.5 tons)
  10. Pakistan (6.1 tons)
  11. Philippines (5.7 tons)
  12. Taiwan (Chinese) (5.3 tons)
  13. India (3.6 tons)

Source: IndexBox Market Intelligence Platform

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