Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Canada - 2024

Contents:

  1. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Canada (CIF) - 2022
  2. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Canada (FOB) - 2024
  3. Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Canada
  4. Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Canada

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

In 2022, the average import price for seeds, fruit and spores; of a kind used for sowing amounted to $6,542 per ton, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the maximum at $6,560 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 the Netherlands ($38,759 per ton), while the price for Germany ($3,744 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Canada (FOB) - 2024

In September 2023, the average export price for seeds, fruit and spores; of a kind used for sowing amounted to $2,781 per ton, with a decrease of -7.7% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 19% against the previous month. The export price peaked at $3,257 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the United States ($3,069 per ton), while the average price for exports to South Korea ($1,214 per ton) was amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.6%), 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 Canada

After three years of growth, purchases abroad of seeds, fruit and spores; of a kind used for sowing decreased by -6.8% to 49K tons in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.2% 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 +37.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, imports attained the peak of 53K tons, and then contracted in the following year.

In value terms, imports of seeds, fruit and spores; of a kind used for sowing stood at $322M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +48.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Import of Seeds, Fruit and Spores; of A Kind Used for Sowing in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States10211214213710.3%
Netherlands29.521.940.541.712.2%
China14.218.022.324.519.9%
Chile10.715.113.011.73.0%
Germany3.93.97.211.242.1%
Denmark3.13.74.38.238.3%
New Zealand1.13.23.73.749.8%
Others52.866.076.783.916.7%
Total21724431032214.1%

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

  1. United States (32.8K tons)
  2. China (5.3K tons)
  3. Germany (3.0K tons)
  4. Denmark (1.9K tons)
  5. Netherlands (1.1K tons)
  6. Chile (0.9K tons)
  7. New Zealand (0.9K tons)

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

In 2022, overseas shipments of seeds, fruit and spores; of a kind used for sowing decreased by -11.4% to 50K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 17% against the previous year. As a result, the exports reached the peak of 59K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of seeds, fruit and spores; of a kind used for sowing reduced to $136M in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, the exports attained the peak of $152M, and then fell in the following year.

Export of Seeds, Fruit and Spores; of A Kind Used for Sowing in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States84.789.710698.65.2%
China12.617.218.111.7-2.4%
Netherlands8.511.711.310.57.3%
Germany3.84.54.34.01.7%
Italy1.01.30.91.821.6%
Japan0.50.30.11.853.3%
Others12.612.211.97.7-15.1%
Total1241371521363.1%

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

  1. United States (31.4K tons)
  2. China (5.6K tons)
  3. Netherlands (4.6K tons)
  4. Germany (2.2K tons)
  5. Japan (1.2K tons)
  6. Italy (0.9K tons)

Source: IndexBox Market Intelligence Platform

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