Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Bangladesh - 2022

Contents:

1. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Bangladesh (CIF) - 2022
2. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Bangladesh (FOB) - 2022
3. Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Bangladesh
4. Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Bangladesh

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Bangladesh (CIF) - 2022

The average import price for seeds, fruit and spores; of a kind used for sowing stood at $3,151 per ton in 2022, surging by 14% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 seeds, fruit and spores; of a kind used for sowing increased by +86.2% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 21%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Thailand ($68,378 per ton), while the price for India ($1,678 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Bangladesh (FOB) - 2022

In 2022, the average export price for seeds, fruit and spores; of a kind used for sowing amounted to $14,579 per ton, waning by -5.8% against the previous year. Over the period under review, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 65%. The export price peaked at $20,912 per ton in 2019; however, from 2020 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 the United States ($46,999 per ton), while the average price for exports to Malaysia ($2,629 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 Sierra Leone (+99.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Bangladesh

In 2022, overseas purchases of seeds, fruit and spores; of a kind used for sowing decreased by -17.5% to 8K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2020 when imports increased by 17%. As a result, imports attained the peak of 10K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of seeds, fruit and spores; of a kind used for sowing contracted to $25M in 2022. The total import value increased at an average annual rate of +11.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 31% against the previous year.

Top Suppliers of Seeds, Fruit and Spores; of A Kind Used for Sowing to Bangladesh in 2022:

1. India (7.2K tons)
2. United States (0.2K tons)
3. China (0.2K tons)
4. Brazil (0.1K tons)

Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Bangladesh

In 2022, after three years of growth, there was significant decline in shipments abroad of seeds, fruit and spores; of a kind used for sowing, when their volume decreased by -11.2% to 60 tons. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 93%.

In value terms, exports of seeds, fruit and spores; of a kind used for sowing contracted dramatically to $873K in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 48%. As a result, the exports attained the peak of $1M, and then reduced dramatically in the following year.

Top Export Markets for Seeds, Fruit and Spores; of A Kind Used for Sowing from Bangladesh in 2022:

1. Malaysia (25.6 tons)
2. Pakistan (11.0 tons)
3. Oman (8.7 tons)
4. Qatar (5.9 tons)
5. United States (4.8 tons)
6. United Kingdom (1.1 tons)

Source: IndexBox Market Intelligence Platform