Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in India - 2023

Contents:

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

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

The average import price for seeds, fruit and spores; of a kind used for sowing stood at $7,896 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price recorded a deep downturn. The growth pace was the most rapid in 2017 when the average import price increased by 6.3% against the previous year. Over the period under review, average import prices hit record highs at $13,469 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($150,047 per ton), while the price for Italy ($1,102 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+10.7%), 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 India (FOB) - 2022

The average export price for seeds, fruit and spores; of a kind used for sowing stood at $6,875 per ton in 2022, rising by 44% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the average export price increased by 45% against the previous year. As a result, the export price attained the peak level of $7,168 per ton. From 2016 to 2022, the average export prices remained 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 ($15,213 per ton), while the average price for exports to Taiwan (Chinese) ($1,658 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 Saudi Arabia (+12.5%), 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 India

In 2022, the amount of seeds, fruit and spores; of a kind used for sowing imported into India rose rapidly to 19K tons, with an increase of 9.5% on the previous year. The total import volume increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of seeds, fruit and spores; of a kind used for sowing expanded significantly to $151M in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Seeds, Fruit and Spores; of A Kind Used for Sowing in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Thailand21.319.720.119.0-3.7%
Egypt10.514.410.514.110.3%
United States9.712.210.913.611.9%
Italy10.79.812.313.27.2%
France7.68.98.38.85.0%
New Zealand1.73.44.35.043.3%
South Africa1.40.40.64.749.7%
Others61.665.372.272.15.4%
Total1251341391516.5%

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

  1. Italy (12.0K tons)
  2. United States (3.0K tons)
  3. New Zealand (1.3K tons)
  4. France (0.8K tons)
  5. South Africa (0.5K tons)
  6. Egypt (0.4K tons)
  7. Thailand (0.1K tons)

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

After three years of growth, overseas shipments of seeds, fruit and spores; of a kind used for sowing decreased by -30.9% to 17K tons in 2022. Overall, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2020 when exports increased by 30%.

In value terms, exports of seeds, fruit and spores; of a kind used for sowing declined slightly to $117M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 3.8% against the previous year. As a result, the exports attained the peak of $121M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Seeds, Fruit and Spores; of A Kind Used for Sowing in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States20.719.620.123.03.6%
Bangladesh10.013.115.214.011.9%
United Arab Emirates1.011.79.25.475.4%
Thailand7.54.24.75.0-12.6%
South Korea2.94.44.23.56.5%
Nepal1.32.12.72.320.9%
Vietnam1.32.32.81.811.5%
Turkey0.41.41.41.555.4%
Iraq0.20.31.31.491.3%
Taiwan (Chinese)1.41.01.11.1-7.7%
Pakistan9.00.70.30.2-71.9%
Others60.960.454.957.9-1.7%
Total1171211181170.0%

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

  1. Bangladesh (5.5K tons)
  2. United Arab Emirates (3.0K tons)
  3. United States (1.5K tons)
  4. Nepal (0.8K tons)
  5. Taiwan (Chinese) (0.7K tons)
  6. Vietnam (0.6K tons)
  7. Turkey (0.5K tons)
  8. South Korea (0.5K tons)
  9. Thailand (0.4K tons)
  10. Iraq (0.4K tons)
  11. Pakistan (0.1K tons)

Source: IndexBox Market Intelligence Platform

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