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

Contents:

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

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

In October 2023, the average export price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $5,234 per ton, increasing by 72% against the previous month. Over the period under review, export price indicated prominent growth from October 2022 to October 2023: its price increased at an average monthly rate of +5.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for seed; clover (trifolium spp.) seed, of a kind used for sowing increased by +72.0% against September 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($7,075 per ton), while the average price for exports to Switzerland ($3,941 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 Germany (+2.6%), 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 Italy (CIF) - 2023

In October 2023, the average import price for seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $2,897 per ton, rising by 13% against the previous month. In general, import price indicated perceptible growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for seed; clover (trifolium spp.) seed, of a kind used for sowing increased by +23.8% against August 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 68% m-o-m. The import price peaked at $4,479 per ton in February 2023; however, from March 2023 to October 2023, 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 Albania ($5,107 per ton), while the price for Australia totaled $2,270 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+9.4%), 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 Italy

In 2022, shipments abroad of seed; clover (trifolium spp.) seed, of a kind used for sowing increased by 23% to 9.6K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt shrinkage.

In value terms, exports of seed; clover (trifolium spp.) seed, of a kind used for sowing soared to $28M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.6% 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 +51.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany9.07.75.38.8-0.7%
France7.54.75.37.91.7%
Austria2.81.51.52.2-7.7%
United Kingdom0.10.30.61.3135.1%
ChinaN/AN/A1.21.1-8.3%
Portugal0.20.30.60.858.7%
Spain0.30.40.50.838.7%
Greece0.50.50.60.711.9%
Switzerland0.60.50.30.5-5.9%
Others2.82.92.94.113.6%
Total23.918.718.828.25.7%

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

  1. Germany (3339.2 tons)
  2. France (2812.8 tons)
  3. Austria (806.8 tons)
  4. United Kingdom (277.1 tons)
  5. China (273.9 tons)
  6. Portugal (259.6 tons)
  7. Greece (234.0 tons)
  8. Spain (232.4 tons)
  9. Switzerland (196.9 tons)

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of seed; clover (trifolium spp.) seed, of a kind used for sowing, when their volume decreased by -6.5% to 4.6K tons. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% 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 +49.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, imports reached the peak of 4.9K tons, and then contracted in the following year.

In value terms, imports of seed; clover (trifolium spp.) seed, of a kind used for sowing amounted to $13M in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Seed; Clover (Trifolium Spp.) Seed, of A Kind Used for Sowing in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech Republic1,4501,5501,8011,8668.8%
Australia1,1678081,3231,79315.4%
Poland5174151,3351,55744.4%
Lithuania1221601,8191,334122.0%
France3282895251,12150.6%
Denmark32131092791541.8%
Hungary3773771,24869122.4%
BulgariaN/AN/AN/A6660%
Germany34070879946410.9%
Canada21823223045027.3%
Netherlands29.431.343.3450148.3%
Slovenia20585.433532616.7%
Others2,1222,2262,2971,120-19.2%
Total7,1957,19212,68312,75221.0%

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

  1. Czech Republic (1030.8 tons)
  2. Poland (582.9 tons)
  3. Australia (534.4 tons)
  4. France (486.8 tons)
  5. Hungary (441.8 tons)
  6. Lithuania (384.3 tons)
  7. Bulgaria (212.5 tons)
  8. Netherlands (177.6 tons)
  9. Denmark (176.8 tons)
  10. Slovenia (110.5 tons)
  11. Canada (110.0 tons)
  12. Germany (98.4 tons)

Source: IndexBox Market Intelligence Platform

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