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

Contents:

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

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

The average import price for seeds, fruit and spores; of a kind used for sowing stood at $5,820 per ton in 2022, declining by -17.4% against the previous year. Over the period under review, the import price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 47%. Over the period under review, average import prices reached the peak figure at $8,856 per ton in 2014; however, from 2015 to 2022, 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 ($19,657 per ton), while the price for Egypt ($1,556 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.7%), 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 Saudi Arabia (FOB) - 2022

The average export price for seeds, fruit and spores; of a kind used for sowing stood at $4,785 per ton in 2022, surging by 7.2% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 42%. As a result, the export price reached the peak level of $9,454 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($5,258 per ton), while the average price for exports to the United Arab Emirates totaled $4,448 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+24.6%), 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 Saudi Arabia

Imports of seeds, fruit and spores; of a kind used for sowing into Saudi Arabia surged to 14K tons in 2022, increasing by 32% compared with the previous year's figure. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 57%. As a result, imports reached the peak of 18K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of seeds, fruit and spores; of a kind used for sowing rose markedly to $80M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 18%. As a result, imports reached the peak of $87M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. United States (5.4K tons)
2. Australia (4.3K tons)
3. Egypt (2.5K tons)
4. India (0.3K tons)
5. Netherlands (0.1K tons)
6. China (0.1K tons)

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

In 2022, exports of seeds, fruit and spores; of a kind used for sowing from Saudi Arabia rose remarkably to 71 tons, surging by 5.9% on 2021 figures. The total export volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of seeds, fruit and spores; of a kind used for sowing rose notably to $341K in 2022. Over the period under review, exports, however, recorded a perceptible curtailment.

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

1. United Arab Emirates (41.6 tons)
2. Kuwait (29.7 tons)

Source: IndexBox Market Intelligence Platform