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

Contents:

1. Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Denmark (FOB) - 2023
2. Price for Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Denmark (CIF) - 2023
3. Exports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Denmark
4. Imports of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Denmark

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

In October 2023, the average export price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $7,219 per ton, with an increase of 22% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in July 2023 an increase of 28% m-o-m. As a result, the export price reached the peak level of $7,368 per ton. From August 2023 to October 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Bulgaria ($8,801 per ton), while the average price for exports to Italy ($4,357 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In October 2023, the average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $3,637 per ton, surging by 17% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 126% month-to-month. As a result, import price reached the peak level of $9,915 per ton. From January 2023 to October 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was France ($6,273 per ton), while the price for the Czech Republic ($2,211 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing from Denmark reduced to 2.3K tons, shrinking by -7.2% against the previous year's figure. In general, total exports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.7% 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 +44.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 56%. As a result, the exports attained the peak of 2.5K tons, and then fell in the following year.

In value terms, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing declined modestly to $13M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.2% 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 +69.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 77%. As a result, the exports reached the peak of $14M, and then contracted in the following year.

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

1. Netherlands (500.0 tons)
2. Germany (289.3 tons)
3. China (251.4 tons)
4. Italy (198.2 tons)
5. United Kingdom (182.2 tons)
6. New Zealand (124.7 tons)
7. United States (106.1 tons)
8. Ireland (91.0 tons)
9. France (76.3 tons)
10. Poland (60.3 tons)
11. Finland (59.0 tons)
12. Norway (49.6 tons)
13. Sweden (48.8 tons)

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

Imports of seed; clover (trifolium spp.) seed, of a kind used for sowing into Denmark was estimated at 421 tons in 2022, picking up by 2.6% on the previous year. In general, imports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 14%.

In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing rose sharply to $1.8M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained relatively stable, 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.

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

1. Germany (104.6 tons)
2. Czech Republic (86.4 tons)
3. Netherlands (83.4 tons)
4. Latvia (33.6 tons)
5. France (32.5 tons)
6. Canada (27.1 tons)
7. New Zealand (17.2 tons)
8. Poland (1.4 tons)

Source: IndexBox Market Intelligence Platform