Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Canada - 2023

Contents:

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

Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Canada (CIF) - 2022

The average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing stood at $3,705 per ton in 2022, with an increase of 8.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2014 an increase of 18% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($4,976 per ton), while the price for Italy ($2,051 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Canada (FOB) - 2022

In 2022, the average export price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $2,074 per ton, growing by 13% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $2,167 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,385 per ton), while the average price for exports to China ($1,094 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 the Netherlands (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Canada

In 2022, the amount of seed; clover (trifolium spp.) seed, of a kind used for sowing imported into Canada skyrocketed to 2.7K tons, jumping by 19% against 2021 figures. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.4% 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 +49.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing skyrocketed to $10M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.8% 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 +85.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Canada (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4.84.15.17.415.5%
Germany0.30.81.61.258.7%
New Zealand0.20.80.60.644.2%
ItalyN/AN/A0.10.4300.0%
RussiaN/AN/AN/A0.20%
ArgentinaN/A0.30.2N/A-33.3%
Others0.10.30.30.344.2%
Total5.56.47.810.122.5%

Top Suppliers of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing to Canada in 2022:

  1. United States (1964.7 tons)
  2. Germany (317.3 tons)
  3. Italy (177.6 tons)
  4. New Zealand (126.9 tons)
  5. Russia (82.7 tons)

Exports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Canada

In 2022, after three years of growth, there was significant decline in overseas shipments of seed; clover (trifolium spp.) seed, of a kind used for sowing, when their volume decreased by -21.8% to 3.8K tons. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. As a result, the exports attained the peak of 4.9K tons, and then declined markedly in the following year.

In value terms, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing dropped to $7.9M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. As a result, the exports reached the peak of $8.9M, and then dropped in the following year.

Export of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3,6584,0014,6404,6728.5%
China4164891,6861,09738.2%
Germany8151,0391,236759-2.3%
Italy14627126864664.2%
Netherlands35.9N/A514403123.9%
FranceN/A109N/A102-3.3%
Poland72.578.926698.010.6%
Denmark20415116076.6-27.9%
Others35718414954.6-46.5%
Total5,7036,3228,9207,90811.5%

Top Export Markets for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing from Canada in 2022:

  1. United States (1380.3 tons)
  2. China (1002.3 tons)
  3. Italy (463.9 tons)
  4. Germany (459.5 tons)
  5. Netherlands (262.4 tons)
  6. Poland (86.3 tons)
  7. France (76.1 tons)
  8. Denmark (55.8 tons)

Source: IndexBox Market Intelligence Platform

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